Formuepleje A S Buys New Stake in Wabtec $WAB

Key Points

• Formuepleje A S purchased 7,014 Wabtec shares worth approximately $1.89 million during the second quarter. Institutional investors and hedge funds own 91.69% of Wabtec’s outstanding stock.
• Wabtec exceeded quarterly expectations, reporting $2.76 in adjusted EPS on $3.18 billion in revenue, with revenue up 17.5% year over year. The company maintained fiscal 2026 EPS guidance of $10.60–$10.90.
• Analysts remain broadly positive, with a “Moderate Buy” consensus and an average price target of $313.36; several firms recently raised targets into the $340–$355 range. Wabtec also pays a quarterly dividend of $0.31, yielding about 0.4%.

Formuepleje A S purchased a new stake in Wabtec (NYSE:WAB - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,014 shares of the transportation company's stock, valued at approximately $1,891,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Welch & Forbes LLC raised its holdings in Wabtec by 1.8% during the second quarter. Welch & Forbes LLC now owns 2,050 shares of the transportation company's stock worth $553,000 after purchasing an additional 36 shares in the last quarter. Meeder Advisory Services Inc. raised its stake in Wabtec by 1.6% during the 1st quarter. Meeder Advisory Services Inc. now owns 2,471 shares of the transportation company's stock worth $618,000 after acquiring an additional 38 shares in the last quarter. Legacy Financial Advisors Inc. boosted its stake in Wabtec by 3.4% in the second quarter. Legacy Financial Advisors Inc. now owns 1,141 shares of the transportation company's stock valued at $308,000 after acquiring an additional 38 shares in the last quarter. Hilltop Holdings Inc. grew its holdings in shares of Wabtec by 3.9% during the fourth quarter. Hilltop Holdings Inc. now owns 1,069 shares of the transportation company's stock worth $228,000 after purchasing an additional 40 shares during the last quarter. Finally, L2 Asset Management LLC increased its position in shares of Wabtec by 5.0% during the second quarter. L2 Asset Management LLC now owns 960 shares of the transportation company's stock worth $259,000 after purchasing an additional 46 shares in the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Wabtec Stock Performance

Shares of WAB opened at $282.25 on Monday. The stock has a market capitalization of $47.67 billion, a P/E ratio of 37.94, a P/E/G ratio of 1.92 and a beta of 0.92. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.59 and a current ratio of 1.12. Wabtec has a 1 year low of $184.26 and a 1 year high of $306.64. The company's fifty day moving average is $283.36 and its two-hundred day moving average is $267.96.

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

Wabtec Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders 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 of this dividend was Tuesday, August 18th. Wabtec's dividend payout ratio (DPR) is currently 16.67%.

Insider Transactions at Wabtec

In other Wabtec news, EVP Gregory Sbrocco sold 952 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $300.00, for a total value of $285,600.00. Following the completion of the transaction, the executive vice president owned 21,043 shares in the company, valued at approximately $6,312,900. This represents a 4.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sameer Gaur sold 1,000 shares of the firm's stock in a transaction on Friday, July 24th. The shares were sold at an average price of $300.64, for a total value of $300,640.00. Following the completion of the sale, the insider directly owned 10,985 shares of the company's stock, valued at approximately $3,302,530.40. This trade represents a 8.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 18,710 shares of company stock valued at $5,505,630. 0.57% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WAB. KeyCorp upped their target price on Wabtec from $308.00 to $340.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. JPMorgan Chase & Co. boosted their price objective on Wabtec from $300.00 to $315.00 and gave the company a "neutral" rating in a research note on Thursday, July 23rd. Morgan Stanley increased their price objective on Wabtec from $318.00 to $355.00 and gave the company an "overweight" rating in a report on Thursday, July 23rd. Citigroup lifted their target price on shares of Wabtec from $311.00 to $341.00 and gave the company a "buy" rating in a report on Thursday, August 13th. Finally, Susquehanna upped their price target on shares of Wabtec from $305.00 to $340.00 and gave the company a "positive" rating in a research report on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Wabtec presently 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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