Engineers Gate Manager LP Invests $1.84 Million in Wabtec $WAB

Key Points

• Engineers Gate Manager LP acquired 6,829 Wabtec shares worth approximately $1.84 million in the second quarter. Institutional investors collectively own 91.69% of the company.
• Wabtec exceeded quarterly earnings and revenue expectations, reporting $2.76 in EPS on $3.18 billion in revenue, with revenue up 17.5% year over year. The company reaffirmed fiscal 2026 EPS guidance of $10.60–$10.90.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $313.36 versus the stock’s reported $278.43 price. Wabtec also declared a quarterly dividend of $0.31 per share.

Engineers Gate Manager LP purchased a new stake in Wabtec (NYSE:WAB - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,829 shares of the transportation company's stock, valued at approximately $1,841,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WAB. Nomura Asset Management Co. Ltd. increased its stake in shares of Wabtec by 5.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 85,485 shares of the transportation company's stock worth $18,247,000 after acquiring an additional 4,266 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Wabtec by 16.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 925,021 shares of the transportation company's stock worth $197,446,000 after acquiring an additional 132,091 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Wabtec during the 4th quarter valued at about $2,134,000. Pinnbrook Capital Management LP acquired a new position in shares of Wabtec during the 4th quarter valued at about $7,743,000. Finally, ABN Amro Investment Solutions grew its holdings in shares of Wabtec by 6.6% in the fourth quarter. ABN Amro Investment Solutions now owns 99,874 shares of the transportation company's stock valued at $21,318,000 after purchasing an additional 6,201 shares during the period. Institutional investors and hedge funds own 91.69% of the company's stock.

Wabtec Stock Up 0.0%

Shares of NYSE:WAB opened at $278.43 on Wednesday. The business has a 50-day moving average price of $285.75 and a 200 day moving average price of $268.89. The company has a current ratio of 1.12, a quick ratio of 0.59 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $47.03 billion, a price-to-earnings ratio of 37.42, a PEG ratio of 1.89 and a beta of 0.92. Wabtec has a 12-month low of $184.26 and a 12-month high of $306.64.

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

Wabtec Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Tuesday, August 18th. Wabtec's payout ratio is 16.67%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on WAB shares. Susquehanna raised their price objective on shares of Wabtec from $305.00 to $340.00 and gave the stock a "positive" rating in a research report on Thursday, July 23rd. Morgan Stanley boosted their target price on shares of Wabtec from $318.00 to $355.00 and gave the company an "overweight" rating in a report on Thursday, July 23rd. KeyCorp increased their price target on shares of Wabtec from $308.00 to $340.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Wells Fargo & Company raised their price target on shares of Wabtec from $284.00 to $315.00 and gave the stock an "equal weight" rating in a report on Thursday, July 23rd. Finally, Stephens lifted their price target on shares of Wabtec from $320.00 to $330.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Wabtec presently has an average rating of "Moderate Buy" and an average target price of $313.36.

Insider Transactions at Wabtec

In related news, VP David L. Deninno sold 3,000 shares of the stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $301.31, for a total transaction of $903,930.00. Following the completion of the transaction, the vice president owned 55,128 shares of the company's stock, valued at approximately $16,610,617.68. This trade represents a 5.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael Fetsko sold 3,250 shares of Wabtec stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $293.22, for a total transaction of $952,965.00. Following the completion of the sale, the insider owned 37,380 shares of the company's stock, valued at $10,960,563.60. This trade represents a 8.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 17,628 shares of company stock worth $5,220,523. 0.57% of the stock is owned by company insiders.

Wabtec Profile

Westinghouse Air Brake Technologies Corporation, known as Wabtec, is a global provider of equipment, systems, and services for the freight and transit rail industries. The company develops technologies designed to improve the safety, efficiency, reliability, and environmental performance of rail transportation.

Wabtec's products and services include locomotives and locomotive components, braking systems, rail-control and signaling technologies, digital train-management solutions, and equipment for freight cars and passenger rail vehicles.

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