QRG Capital Management Inc. Buys 4,878 Shares of Wabtec $WAB

Key Points

• QRG Capital Management increased its Wabtec stake by 5.5%, purchasing 4,878 shares to reach 93,442 shares valued at approximately $25.2 million. Institutional investors and hedge funds collectively own 91.69% of Wabtec.
• Wabtec signed a $700 million-plus, long-term rail services contract for Guinea’s Simandou mining railway, bringing total Simandou-related business above $1.2 billion and expanding its recurring services revenue.
• Wabtec reported quarterly adjusted EPS of $2.76 and revenue of $3.18 billion, exceeding analyst estimates, while analysts maintain a broadly positive outlook with a consensus “Moderate Buy” rating and $313.82 average price target.

QRG Capital Management Inc. boosted its position in shares of Wabtec (NYSE:WAB - Free Report) by 5.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 93,442 shares of the transportation company's stock after buying an additional 4,878 shares during the quarter. QRG Capital Management Inc. owned approximately 0.06% of Wabtec worth $25,192,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new stake in shares of Wabtec during the second quarter worth $26,000. Whipplewood Advisors LLC bought a new position in Wabtec in the first quarter valued at about $25,000. Bell Investment Advisors Inc bought a new position in Wabtec in the second quarter valued at about $29,000. Fiduciary Financial Advisors acquired a new stake in Wabtec in the second quarter worth about $29,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its position in Wabtec by 125.9% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company's stock worth $28,000 after purchasing an additional 73 shares during the period. 91.69% of the stock is owned by institutional investors and hedge funds.

More Wabtec News

Here are the key news stories impacting Wabtec this week:

• Positive Sentiment: Large Simandou services contract: Wabtec signed a more than $700 million, long-term rail services agreement with La Compagnie du TransGuinéen to support Evolution Series locomotives operating on Guinea’s 600-kilometer Simandou mining railway. Including locomotive orders announced in 2024, Wabtec’s total Simandou-related business now exceeds $1.2 billion. The contract expands the company’s higher-visibility, recurring services revenue and represents its largest services deal in Africa. Wabtec and La Compagnie du TransGuinéen Sign a $700 Million plus Rail Services Agreement
• Positive Sentiment: Analyst remains bullish: Bank of America analyst Ken Hoexter reiterated a Buy rating and maintained a $322 price target, citing Wabtec’s expanding international services business and robust backlog. The target implies additional upside from recent trading levels. Analyst Reiterates Buy on Wabtec
• Neutral Sentiment: Additional international demand: Kyrgyzstan reportedly plans to purchase 10 U.S.-made freight locomotives for fleet modernization. While potentially supportive of Wabtec’s locomotive business, the reports do not clearly establish the final supplier or contract value. Kyrgyzstan to buy 10 freight locomotives from U.S.
• Neutral Sentiment: Colorado River legislation: A proposed federal water-infrastructure bill could benefit engineering and construction companies, but Wabtec is not identified as a relevant beneficiary and has limited direct exposure to water projects. The legislation is therefore unlikely to materially affect Wabtec’s valuation.

Insiders Place Their Bets

In other Wabtec news, EVP Gregory Sbrocco sold 952 shares of the business's stock in a transaction dated 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 directly owned 21,043 shares of the company's stock, valued at approximately $6,312,900. The trade was a 4.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Eric Gebhardt sold 7,100 shares of the stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $299.27, for a total value of $2,124,817.00. Following the completion of the sale, the chief technology officer owned 19,153 shares of the company's stock, valued at $5,731,918.31. This trade represents a 27.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 17,628 shares of company stock worth $5,220,523 over the last 90 days. 0.57% of the stock is currently owned by corporate insiders.

Wabtec Trading Up 1.0%

Wabtec stock traded up $2.80 during midday trading on Wednesday, hitting $292.51. 826,622 shares of the stock were exchanged, compared to its average volume of 915,485. The company has a fifty day simple moving average of $287.86 and a two-hundred day simple moving average of $269.57. Wabtec has a 52 week low of $186.06 and a 52 week high of $306.64. The stock has a market capitalization of $49.41 billion, a PE ratio of 39.32, a P/E/G ratio of 1.92 and a beta of 0.92. 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 (NYSE:WAB - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The transportation company reported $2.76 EPS for the quarter, beating the consensus estimate of $2.60 by $0.16. The firm had revenue of $3.18 billion during 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.27 earnings per share. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Equities research analysts anticipate that Wabtec will post 10.86 EPS for the current fiscal year.

Wabtec Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on WAB. Weiss Ratings restated a "buy (b)" rating on shares of Wabtec in a research report on Friday, July 17th. Morgan Stanley lifted their price target on shares of Wabtec from $318.00 to $355.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. JPMorgan Chase & Co. boosted their price target on shares of Wabtec from $315.00 to $320.00 and gave the stock a "neutral" rating in a research note on Monday. Susquehanna increased their price objective on shares of Wabtec from $305.00 to $340.00 and gave the company a "positive" rating in a report on Thursday, July 23rd. Finally, Wells Fargo & Company raised their price objective on shares of Wabtec from $284.00 to $315.00 and gave the company an "equal weight" rating in a research note on Thursday, July 23rd. Ten 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 an average target price of $313.82.

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.

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