Allianz Asset Management GmbH Grows Stake in Wabtec $WAB

Key Points

• Allianz Asset Management increased its Wabtec stake by 30.4% in the second quarter, bringing its holdings to 31,005 shares valued at approximately $8.36 million. Institutional investors collectively own 91.69% of the company.
• Wabtec reported stronger-than-expected quarterly results, with EPS of $2.76 versus the $2.60 consensus estimate and revenue of $3.18 billion, up 17.5% year over year. The company maintained fiscal 2026 guidance of $10.60–$10.90 in EPS.
• Analysts remain generally positive, with a consensus “Moderate Buy” rating and an average price target of $313.36, while insiders have sold 18,710 shares worth about $5.51 million over the past 90 days.

Allianz Asset Management GmbH boosted its stake in shares of Wabtec (NYSE:WAB - Free Report) by 30.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,005 shares of the transportation company's stock after acquiring an additional 7,220 shares during the quarter. Allianz Asset Management GmbH's holdings in Wabtec were worth $8,359,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Guggenheim Capital LLC boosted its stake in Wabtec by 7.4% during the second quarter. Guggenheim Capital LLC now owns 4,938 shares of the transportation company's stock worth $1,034,000 after buying an additional 342 shares during the period. Bank of Nova Scotia raised its stake in shares of Wabtec by 0.5% in the second quarter. Bank of Nova Scotia now owns 17,890 shares of the transportation company's stock valued at $3,745,000 after acquiring an additional 97 shares during the period. Nebula Research & Development LLC lifted its holdings in shares of Wabtec by 208.7% in the 2nd quarter. Nebula Research & Development LLC now owns 5,386 shares of the transportation company's stock worth $1,128,000 after acquiring an additional 3,641 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of Wabtec by 11.6% in the 2nd quarter. Treasurer of the State of North Carolina now owns 92,097 shares of the transportation company's stock worth $19,281,000 after acquiring an additional 9,545 shares during the last quarter. Finally, Ieq Capital LLC boosted its stake in shares of Wabtec by 19.2% during the 2nd quarter. Ieq Capital LLC now owns 30,352 shares of the transportation company's stock worth $6,354,000 after purchasing an additional 4,889 shares during the period. 91.69% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Wabtec

In related news, CTO Eric Gebhardt sold 7,100 shares of the company's stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $299.27, for a total value of $2,124,817.00. Following the completion of the sale, the chief technology officer directly owned 19,153 shares of the company's stock, valued at $5,731,918.31. This represents a 27.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sameer Gaur sold 1,082 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $263.50, for a total transaction of $285,107.00. Following the transaction, the insider owned 11,985 shares in the company, valued at approximately $3,158,047.50. The trade was a 8.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 18,710 shares of company stock worth $5,505,630. Insiders own 0.57% of the company's stock.

Wall Street Analysts Forecast Growth

WAB has been the topic of several analyst reports. Weiss Ratings reiterated a "buy (b)" rating on shares of Wabtec in a report on Friday, July 17th. Wells Fargo & Company boosted their target price on Wabtec from $284.00 to $315.00 and gave the company an "equal weight" rating in a research report on Thursday, July 23rd. Susquehanna upped their target price on Wabtec from $305.00 to $340.00 and gave the company a "positive" rating in a research note on Thursday, July 23rd. Morgan Stanley upped their target price on Wabtec from $318.00 to $355.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Finally, JPMorgan Chase & Co. increased their price target on Wabtec from $300.00 to $315.00 and gave the stock a "neutral" rating in a report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $313.36.

Wabtec Trading Up 0.6%

Shares of WAB opened at $284.54 on Wednesday. The firm has a market capitalization of $48.06 billion, a price-to-earnings ratio of 38.24, a PEG ratio of 1.92 and a beta of 0.92. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 0.59. Wabtec has a 1-year low of $184.26 and a 1-year high of $306.64. The company has a 50-day moving average of $283.92 and a 200 day moving average of $268.30.

Wabtec (NYSE:WAB - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The transportation company reported $2.76 EPS for the quarter, topping analysts' consensus estimates of $2.60 by $0.16. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same period last year, the company posted $2.27 earnings per share. The company's quarterly revenue was up 17.5% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. On average, research analysts expect that Wabtec will post 10.86 EPS for the current year.

Wabtec Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Tuesday, August 18th. Wabtec's dividend payout ratio is currently 16.67%.

About Wabtec

Wabtec Corporation (Westinghouse Air Brake Technologies Corporation) is a global provider of equipment, systems and services for the rail industry. The company supplies products and solutions to freight railroads, transit agencies and other industrial operators, focusing on technologies that improve the performance, safety and efficiency of locomotives and rail networks. Wabtec's business spans new equipment manufacturing, aftermarket parts and services, and digital and control systems for rail operations.

Product and service offerings include locomotive systems and components, braking and air systems, propulsion and traction equipment, signaling and control technologies, and a range of aftermarket services such as maintenance, remanufacturing, parts distribution and fleet modernization.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.