Flputnam Investment Management Co. Invests $8.36 Million in Wabtec $WAB

Key Points

• Flputnam Investment Management acquired 31,019 Wabtec shares worth approximately $8.36 million in the second quarter. Institutional investors collectively own 91.69% of Wabtec’s stock.
• Wabtec reported quarterly EPS of $2.76, exceeding estimates of $2.60, while revenue rose 17.5% year over year to $3.18 billion. The company reaffirmed fiscal 2026 EPS guidance of $10.60–$10.90.
• Analysts maintain a broadly positive outlook, with 10 Buy ratings and two Holds and an average price target of $313.36. Wabtec also declared a quarterly dividend of $0.31 per share, representing a 0.4% annualized yield.

Flputnam Investment Management Co. purchased a new position in Wabtec (NYSE:WAB - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 31,019 shares of the transportation company's stock, valued at approximately $8,363,000.

Other large investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its stake in Wabtec by 20.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company's stock worth $1,700,238,000 after acquiring an additional 1,344,744 shares in the last quarter. State Street Corp increased its stake in shares of Wabtec by 2.6% during the fourth quarter. State Street Corp now owns 7,658,040 shares of the transportation company's stock valued at $1,634,609,000 after purchasing an additional 197,610 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Wabtec by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 4,366,157 shares of the transportation company's stock valued at $928,249,000 after purchasing an additional 38,029 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Wabtec by 3.6% during the third quarter. Wellington Management Group LLP now owns 3,304,183 shares of the transportation company's stock valued at $662,390,000 after purchasing an additional 116,329 shares during the last quarter. Finally, Farallon Capital Management LLC lifted its holdings in shares of Wabtec by 12.3% during the fourth quarter. Farallon Capital Management LLC now owns 2,476,003 shares of the transportation company's stock valued at $528,503,000 after purchasing an additional 270,905 shares during the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

Wabtec Stock Up 0.1%

Wabtec stock opened at $299.40 on Monday. Wabtec has a 12 month low of $184.26 and a 12 month high of $306.64. The stock has a fifty day simple moving average of $276.79 and a two-hundred day simple moving average of $262.74. 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 firm has a market cap of $50.57 billion, a price-to-earnings ratio of 40.24, a PEG ratio of 2.03 and a beta of 0.93.

Wabtec (NYSE:WAB - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $3.07 billion. During the same period in the prior year, the company posted $2.27 earnings per share. The company'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. Equities analysts predict that Wabtec will post 10.86 EPS for the current fiscal year.

Wabtec Announces Dividend

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

Insider Activity at Wabtec

In other news, insider Sameer Gaur sold 1,082 shares of Wabtec stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $263.50, for a total value of $285,107.00. Following the completion of the sale, the insider directly owned 11,985 shares in the company, valued at $3,158,047.50. The trade was a 8.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP David L. Deninno sold 3,000 shares of the business's 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 transaction, the vice president directly owned 55,128 shares of the company's stock, valued at $16,610,617.68. The trade was a 5.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 16,834 shares of company stock worth $4,874,977 over the last quarter. 0.57% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. KeyCorp boosted their price target on Wabtec from $308.00 to $340.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. Morgan Stanley lifted their price objective on Wabtec from $318.00 to $355.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Susquehanna boosted their target price on Wabtec from $305.00 to $340.00 and gave the stock a "positive" rating in a report on Thursday, July 23rd. Wells Fargo & Company boosted their target price on Wabtec from $284.00 to $315.00 and gave the stock an "equal weight" rating in a report on Thursday, July 23rd. Finally, Citigroup increased their target price on Wabtec from $311.00 to $341.00 and gave the stock a "buy" rating in a research note on Thursday. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Wabtec has an average rating of "Moderate Buy" and an average target price 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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