Perigon Wealth Management LLC Acquires New Shares in Wabtec $WAB

Key Points

• Perigon Wealth Management purchased 4,414 Wabtec shares worth approximately $1.19 million, while institutional investors collectively own 91.69% of the company.
• Wabtec reported quarterly EPS of $2.76 and revenue of $3.18 billion, exceeding analyst expectations; revenue increased 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, while Wabtec declared a quarterly dividend of $0.31 per share, representing a 0.4% yield.

Perigon Wealth Management LLC purchased a new stake in Wabtec (NYSE:WAB - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,414 shares of the transportation company's stock, valued at approximately $1,190,000.

A number of other hedge funds have also modified their holdings of WAB. Price T Rowe Associates Inc. MD grew its position in Wabtec by 20.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company's stock valued at $1,700,238,000 after acquiring an additional 1,344,744 shares in the last quarter. State Street Corp lifted its stake in Wabtec by 2.6% in the fourth quarter. State Street Corp now owns 7,658,040 shares of the transportation company's stock worth $1,634,609,000 after acquiring an additional 197,610 shares during the last quarter. Geode Capital Management LLC lifted its stake in Wabtec by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 4,366,157 shares of the transportation company's stock worth $928,249,000 after acquiring an additional 38,029 shares during the last quarter. Wellington Management Group LLP grew its holdings in Wabtec by 3.6% during the 3rd quarter. Wellington Management Group LLP now owns 3,304,183 shares of the transportation company's stock worth $662,390,000 after acquiring an additional 116,329 shares in the last quarter. Finally, Farallon Capital Management LLC increased its position in shares of Wabtec by 12.3% in the 4th 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 currently owned by hedge funds and other institutional investors.

Wabtec Stock Down 1.8%

WAB stock opened at $295.34 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 0.59 and a debt-to-equity ratio of 0.44. Wabtec has a twelve month low of $184.26 and a twelve month high of $306.64. The company's 50 day moving average is $278.22 and its two-hundred day moving average is $263.70. The stock has a market cap of $49.89 billion, a P/E ratio of 39.70, a PEG ratio of 2.03 and a beta of 0.93.

Wabtec (NYSE:WAB - Get Free Report) last issued its earnings results 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 analysts' expectations of $3.07 billion. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The company's revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Research analysts expect that Wabtec will post 10.86 earnings per share for the current fiscal year.

Wabtec Announces Dividend

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

Analyst Ratings Changes

WAB has been the topic of a number of analyst reports. Wolfe Research restated an "outperform" rating and issued a $303.00 price objective on shares of Wabtec in a report on Thursday, April 23rd. Susquehanna boosted their target price 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. Morgan Stanley increased their target price on Wabtec from $318.00 to $355.00 and gave the company an "overweight" rating in a report on Thursday, July 23rd. Wells Fargo & Company raised their price target on Wabtec from $284.00 to $315.00 and gave the company an "equal weight" rating in a research note on Thursday, July 23rd. Finally, Stephens lifted their price target on Wabtec from $320.00 to $330.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $313.36.

Insider Buying and Selling

In other news, VP David L. Deninno sold 3,000 shares of the business's stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $301.31, for a total value of $903,930.00. Following the completion of the sale, the vice president directly owned 55,128 shares of the company's stock, valued at approximately $16,610,617.68. The trade was a 5.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gregory Sbrocco sold 952 shares of the company's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $300.00, for a total value of $285,600.00. Following the completion of the sale, the executive vice president directly owned 21,043 shares of the company's stock, valued at approximately $6,312,900. This trade represents a 4.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 17,786 shares of company stock valued at $5,160,577 over the last ninety days. Company insiders own 0.57% of the company's stock.

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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