Tidal Investments LLC Cuts Stock Position in Wabtec $WAB

Key Points

• Tidal Investments cut its Wabtec stake by 21.3% in the second quarter, selling 6,371 shares and retaining 23,523 shares valued at approximately $6.34 million. Institutional investors collectively own 91.69% of the company.
• Wabtec exceeded quarterly expectations, reporting $2.76 in EPS and $3.18 billion in revenue, with revenue up 17.5% year over year. The company issued fiscal 2026 EPS guidance of $10.60–$10.90.
• Analysts maintain a favorable outlook, with a consensus “Moderate Buy” rating and a $313.36 price target. Meanwhile, insiders sold 17,628 shares worth about $5.22 million over the past quarter.

Tidal Investments LLC lessened its stake in shares of Wabtec (NYSE:WAB - Free Report) by 21.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,523 shares of the transportation company's stock after selling 6,371 shares during the period. Tidal Investments LLC's holdings in Wabtec were worth $6,342,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Whipplewood Advisors LLC purchased a new stake in shares of Wabtec in the first quarter worth $25,000. Meeder Asset Management Inc. purchased a new position in shares of Wabtec in the 2nd quarter worth about $26,000. Clal Insurance Enterprises Holdings Ltd boosted its stake in Wabtec by 125.9% in the 4th 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 in the last quarter. Manchester Capital Management LLC boosted its stake in Wabtec by 122.0% in the 4th quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company's stock worth $28,000 after purchasing an additional 72 shares in the last quarter. Finally, Bell Investment Advisors Inc purchased a new stake in Wabtec during the 2nd quarter valued at about $29,000. Hedge funds and other institutional investors own 91.69% of the company's stock.

Insider Activity at Wabtec

In related news, insider Sameer Gaur sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $300.64, for a total value of $300,640.00. Following the sale, the insider owned 10,985 shares in the company, valued at approximately $3,302,530.40. This trade represents a 8.34% 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 Monday, July 6th. The stock was sold at an average price of $262.07, for a total transaction of $304,787.41. Following the completion of the sale, the chief executive officer directly owned 122,914 shares of the company's stock, valued at approximately $32,212,071.98. This trade represents a 0.94% 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 17,628 shares of company stock valued at $5,220,523 over the last quarter. 0.57% of the stock is owned by company insiders.

Wabtec Price Performance

NYSE WAB opened at $282.97 on Monday. Wabtec has a one year low of $184.26 and a one year high of $306.64. The stock has a 50-day moving average of $285.02 and a 200 day moving average of $268.68. The company has a market capitalization of $47.80 billion, a price-to-earnings ratio of 38.03, a PEG ratio of 1.92 and a beta of 0.92. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.59 and a current ratio of 1.12.

Wabtec (NYSE:WAB - Get Free Report) last posted 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 for 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 business's revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.27 EPS. 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 EPS for the current year.

Wabtec Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on WAB shares. Morgan Stanley raised their price objective on shares of Wabtec from $318.00 to $355.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Susquehanna upped 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. JPMorgan Chase & Co. increased their price target on shares of Wabtec from $300.00 to $315.00 and gave the company a "neutral" rating in a report on Thursday, July 23rd. Citigroup raised their price target on shares of Wabtec from $311.00 to $341.00 and gave the company a "buy" rating in a research report on Thursday, August 13th. Finally, KeyCorp boosted their price objective on shares of Wabtec from $308.00 to $340.00 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 stock. Based on data from MarketBeat, Wabtec has a consensus rating of "Moderate Buy" and a consensus target price of $313.36.

Wabtec Company 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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