Resona Asset Management Co. Ltd. Buys 181,296 Shares of Wabtec $WAB

Key Points

• Resona Asset Management increased its Wabtec stake by 348.6% in the second quarter, purchasing 181,296 additional shares for a total holding of 233,300 shares. Institutional investors and hedge funds collectively own 91.69% of Wabtec.
• Wabtec exceeded quarterly earnings expectations, reporting $2.76 in EPS and $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 consensus “Moderate Buy” rating and an average price target of $313.36. Wabtec also declared a quarterly dividend of $0.31 per share, while several insiders sold shares in July.

Resona Asset Management Co. Ltd. increased its position in Wabtec (NYSE:WAB - Free Report) by 348.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 233,300 shares of the transportation company's stock after buying an additional 181,296 shares during the period. Resona Asset Management Co. Ltd. owned 0.14% of Wabtec worth $62,806,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its holdings in Wabtec by 20.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company's stock worth $1,700,238,000 after acquiring an additional 1,344,744 shares in the last quarter. State Street Corp grew 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 valued at $1,634,609,000 after acquiring an additional 197,610 shares during the period. Geode Capital Management LLC increased its holdings in shares of 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 acquiring an additional 38,029 shares in the last quarter. Wellington Management Group LLP raised its position 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 worth $662,390,000 after purchasing an additional 116,329 shares during the period. Finally, Farallon Capital Management LLC raised its position in shares of Wabtec by 12.3% during the fourth quarter. Farallon Capital Management LLC now owns 2,476,003 shares of the transportation company's stock worth $528,503,000 after purchasing an additional 270,905 shares during the period. 91.69% of the stock is owned by institutional investors and hedge funds.

Wabtec Stock Up 0.8%

Shares of NYSE:WAB opened at $297.93 on Friday. The stock has a market cap of $50.32 billion, a price-to-earnings ratio of 40.04, a PEG ratio of 2.00 and a beta of 0.93. 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. The business's 50 day moving average is $276.02 and its 200 day moving average is $262.26.

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

Wabtec Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WAB. KeyCorp lifted their price target on shares of Wabtec from $308.00 to $340.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Stephens raised their price objective on shares of Wabtec from $320.00 to $330.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Citigroup lifted their price objective on shares of Wabtec from $311.00 to $341.00 and gave the company a "buy" rating in a report on Thursday. 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 report on Thursday, July 23rd. Finally, Wells Fargo & Company upped their target price on shares of Wabtec from $284.00 to $315.00 and gave the stock an "equal weight" rating in a report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $313.36.

Insider Activity

In other Wabtec news, insider Sameer Gaur sold 1,000 shares of the company's stock in a transaction dated 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 represents a 8.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Eric Gebhardt sold 7,100 shares of the stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $299.27, for a total transaction 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 approximately $5,731,918.31. This trade represents a 27.04% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 16,834 shares of company stock worth $4,874,977. 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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