Pinnbrook Capital Management LP Buys 61,071 Shares of Wabtec $WAB

Key Points

• Pinnbrook Capital Management increased its Wabtec stake by 760% in the second quarter, purchasing 61,071 additional shares and ending with 69,107 shares valued at approximately $18.6 million. Institutional investors collectively own 91.69% of Wabtec.
• Wabtec exceeded quarterly expectations, reporting adjusted EPS of $2.76 versus the $2.60 consensus and revenue of $3.18 billion versus estimates of $3.07 billion. Revenue rose 17.5% year over year, and the company reaffirmed fiscal 2026 EPS guidance of $10.60–$10.90.
• Analysts maintain a generally 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, while insiders have sold 21,036 shares worth $6.1 million over the past three months.

Pinnbrook Capital Management LP increased its holdings in Wabtec (NYSE:WAB - Free Report) by 760.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 69,107 shares of the transportation company's stock after buying an additional 61,071 shares during the period. Wabtec accounts for approximately 2.0% of Pinnbrook Capital Management LP's portfolio, making the stock its 12th largest holding. Pinnbrook Capital Management LP's holdings in Wabtec were worth $18,631,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Wabtec during the 2nd quarter worth $3,741,077,000. Price T Rowe Associates Inc. MD boosted its stake in shares of 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 purchasing an additional 1,344,744 shares in the last quarter. State Street Corp raised its position in Wabtec by 2.6% in the 4th quarter. State Street Corp now owns 7,658,040 shares of the transportation company's stock worth $1,634,609,000 after purchasing an additional 197,610 shares during the period. Geode Capital Management LLC boosted its position in 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 buying an additional 38,029 shares during the period. Finally, Wellington Management Group LLP grew its stake 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 buying an additional 116,329 shares during the last quarter. Institutional investors own 91.69% of the company's stock.

Insider Transactions at Wabtec

In related news, insider Michael Fetsko sold 3,250 shares of the firm's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $293.22, for a total value of $952,965.00. Following the sale, the insider owned 37,380 shares in the company, valued at approximately $10,960,563.60. This trade represents a 8.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Rafael Santana sold 1,163 shares of Wabtec stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $299.04, for a total transaction of $347,783.52. Following the completion of the sale, the chief executive officer directly owned 120,588 shares of the company's stock, valued at approximately $36,060,635.52. This trade 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. Over the last three months, insiders sold 21,036 shares of company stock valued at $6,113,542. Company insiders own 0.57% of the company's stock.

Wabtec Price Performance

Shares of NYSE WAB opened at $298.10 on Friday. The firm has a market cap of $50.35 billion, a P/E ratio of 40.07, a PEG ratio of 2.02 and a beta of 0.93. Wabtec has a twelve month low of $184.26 and a twelve month high of $306.64. The company has a quick ratio of 0.59, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. The company has a 50 day moving average of $280.20 and a 200 day moving average of $264.80.

Wabtec (NYSE:WAB - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The transportation company reported $2.76 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 15.10% and a net margin of 10.59%.The company's quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. As a group, research analysts expect that Wabtec will post 10.86 EPS for the current fiscal year.

Wabtec Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have commented on WAB. Stephens raised their price objective on shares of Wabtec from $320.00 to $330.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Wall Street Zen lowered Wabtec from a "buy" rating to a "hold" rating in a research report on Sunday, August 2nd. Morgan Stanley increased their price objective on Wabtec from $318.00 to $355.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. boosted their target price on shares of Wabtec from $300.00 to $315.00 and gave the company a "neutral" rating in a report on Thursday, July 23rd. Finally, KeyCorp increased their price target on shares of Wabtec from $308.00 to $340.00 and gave the stock an "overweight" rating in a research note on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $313.36.

Wabtec 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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