Ethic Inc. Buys 7,406 Shares of Wabtec $WAB

Key Points

• Ethic Inc. increased its Wabtec stake by 14.6% in the second quarter, adding 7,406 shares to hold 58,029 shares valued at $15.65 million. Institutional investors collectively own 91.69% of Wabtec.
• Wabtec exceeded quarterly expectations with earnings of $2.76 per share 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 give Wabtec a “Moderate Buy” consensus with an average price target of $313.36, while insiders sold $4.87 million of stock over the past 90 days. The company also declared a quarterly dividend of $0.31 per share.

Ethic Inc. lifted its position in Wabtec (NYSE:WAB - Free Report) by 14.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 58,029 shares of the transportation company's stock after purchasing an additional 7,406 shares during the period. Ethic Inc.'s holdings in Wabtec were worth $15,645,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Virtue Asset Management LLC bought a new stake in Wabtec during the 2nd quarter valued at $265,000. Sawgrass Asset Management LLC bought a new position in shares of Wabtec during the 2nd quarter worth $221,000. Waterloo Capital L.P. bought a new position in shares of Wabtec during the 2nd quarter worth $218,000. Swiss Life Asset Management Ltd increased its stake in shares of Wabtec by 40.3% during the second quarter. Swiss Life Asset Management Ltd now owns 24,321 shares of the transportation company's stock valued at $6,557,000 after buying an additional 6,991 shares during the period. Finally, Baker Avenue Asset Management LP raised its holdings in shares of Wabtec by 15.4% in the second quarter. Baker Avenue Asset Management LP now owns 2,057 shares of the transportation company's stock valued at $555,000 after acquiring an additional 274 shares in the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Rafael Santana sold 1,163 shares of the business's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $299.04, for a total transaction of $347,783.52. Following the sale, the chief executive officer owned 120,588 shares in the company, valued at approximately $36,060,635.52. The trade was a 0.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP David L. Deninno sold 3,000 shares of the company's stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $301.31, for a total transaction of $903,930.00. Following the transaction, the vice president owned 55,128 shares in the company, valued at approximately $16,610,617.68. This trade represents a 5.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 16,834 shares of company stock worth $4,874,977 over the last ninety days. Insiders own 0.57% of the company's stock.

Wabtec Stock Performance

Shares of WAB stock opened at $297.93 on Friday. Wabtec has a 12-month low of $184.26 and a 12-month high of $306.64. The business's fifty day simple moving average is $276.02 and its 200-day simple moving average is $262.26. 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 cap of $50.32 billion, a PE ratio of 40.04, a PEG ratio of 2.00 and a beta of 0.93.

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

Wabtec Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, August 18th. Wabtec's dividend payout ratio (DPR) is currently 16.67%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WAB. Wall Street Zen cut shares of Wabtec from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. Morgan Stanley boosted their price target on shares of Wabtec from $318.00 to $355.00 and gave the company an "overweight" rating in a report on Thursday, July 23rd. Stephens increased their price objective on shares of Wabtec from $320.00 to $330.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. KeyCorp lifted their price objective on shares of Wabtec from $308.00 to $340.00 and gave the company an "overweight" rating in a report on Thursday, July 23rd. Finally, Susquehanna boosted their price objective on shares of Wabtec from $305.00 to $340.00 and gave the stock a "positive" rating in a research note on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $313.36.

Wabtec Company Profile

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.

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