National Pension Service Has $72.26 Million Stake in Wabtec $WAB

Key Points

• National Pension Service increased its Wabtec stake by 1.6% in the second quarter, holding 268,030 shares valued at approximately $72.26 million. Institutional investors and hedge funds collectively own 91.69% of the company.
• Wabtec exceeded quarterly expectations with $2.76 EPS and $3.18 billion in revenue, up 17.5% year over year. The company reaffirmed fiscal 2026 guidance of $10.60–$10.90 EPS.
• Analysts maintain a positive outlook, with a consensus “Moderate Buy” rating and a $313.36 price target; Wabtec also declared a quarterly dividend of $0.31 per share.

National Pension Service lifted its stake in Wabtec (NYSE:WAB - Free Report) by 1.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 268,030 shares of the transportation company's stock after purchasing an additional 4,208 shares during the quarter. National Pension Service owned 0.16% of Wabtec worth $72,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in WAB. Welch & Forbes LLC increased its stake in Wabtec by 1.8% in the 2nd quarter. Welch & Forbes LLC now owns 2,050 shares of the transportation company's stock valued at $553,000 after buying an additional 36 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of Wabtec by 4.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 851 shares of the transportation company's stock valued at $229,000 after buying an additional 37 shares during the period. Meeder Advisory Services Inc. boosted its stake in shares of Wabtec by 1.6% during the 1st quarter. Meeder Advisory Services Inc. now owns 2,471 shares of the transportation company's stock valued at $618,000 after buying an additional 38 shares during the period. Legacy Financial Advisors Inc. grew its holdings in shares of Wabtec by 3.4% during the 2nd 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. Finally, Hilltop Holdings Inc. grew its holdings in shares of Wabtec by 3.9% during the 4th quarter. Hilltop Holdings Inc. now owns 1,069 shares of the transportation company's stock valued at $228,000 after acquiring an additional 40 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Wabtec Stock Performance

Shares of WAB opened at $282.97 on Friday. The firm has a market cap of $47.80 billion, a price-to-earnings ratio of 38.03, a price-to-earnings-growth ratio of 1.90 and a beta of 0.92. The company's fifty day moving average is $285.02 and its 200-day moving average is $268.64. The company has a quick ratio of 0.59, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. Wabtec has a 12 month low of $184.26 and a 12 month high of $306.64.

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

Wabtec Announces Dividend

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

Insider Activity at Wabtec

In other news, insider Sameer Gaur sold 1,000 shares of the company's stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $300.64, for a total transaction of $300,640.00. Following the completion of the sale, the insider owned 10,985 shares in the company, valued at approximately $3,302,530.40. This represents a 8.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Rafael Santana sold 1,163 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $299.04, for a total value of $347,783.52. Following the transaction, the chief executive officer directly owned 120,588 shares in the company, valued at approximately $36,060,635.52. This represents a 0.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 17,628 shares of company stock worth $5,220,523 in the last 90 days. Insiders own 0.57% of the company's stock.

Wall Street Analysts Forecast Growth

WAB has been the subject of several recent research reports. Wells Fargo & Company increased their price objective on Wabtec from $284.00 to $315.00 and gave the stock an "equal weight" rating in a report on Thursday, July 23rd. Citigroup lifted their price objective on Wabtec from $311.00 to $341.00 and gave the company a "buy" rating in a research report on Thursday, August 13th. JPMorgan Chase & Co. boosted their target price on Wabtec from $300.00 to $315.00 and gave the company a "neutral" rating in a research note on Thursday, July 23rd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Wabtec in a research report on Friday, July 17th. Finally, Morgan Stanley raised their price target on Wabtec from $318.00 to $355.00 and gave the stock an "overweight" rating in a research note 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. According to MarketBeat.com, Wabtec presently has a consensus rating of "Moderate Buy" and a consensus price target of $313.36.

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.

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.