Susquehanna Fundamental Investments LLC increased its position in Wabtec (NYSE:WAB - Free Report) by 79.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 144,820 shares of the transportation company's stock after purchasing an additional 64,045 shares during the period. Susquehanna Fundamental Investments LLC owned 0.09% of Wabtec worth $39,043,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. increased its stake in Wabtec by 5.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 85,485 shares of the transportation company's stock valued at $18,247,000 after purchasing an additional 4,266 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Wabtec by 24,274.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 323,936 shares of the transportation company's stock worth $69,144,000 after buying an additional 322,607 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Wabtec by 16.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 925,021 shares of the transportation company's stock worth $197,446,000 after buying an additional 132,091 shares during the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Wabtec during the fourth quarter worth about $2,134,000. Finally, Pinnbrook Capital Management LP acquired a new stake in shares of Wabtec during the 4th quarter worth approximately $7,743,000. 91.69% of the stock is owned by institutional investors.
Insider Buying and Selling
In other Wabtec news, insider Sameer Gaur sold 1,000 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $300.64, for a total transaction of $300,640.00. Following the completion of the transaction, the insider directly owned 10,985 shares of the company's stock, valued at approximately $3,302,530.40. This trade represents a 8.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Rafael Santana sold 1,163 shares of Wabtec stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $299.04, for a total value of $347,783.52. Following the transaction, the chief executive officer owned 120,588 shares in the company, valued at approximately $36,060,635.52. This trade represents a 0.96% decrease in their ownership of the stock. 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. In the last quarter, insiders sold 21,036 shares of company stock worth $6,113,542. Company insiders own 0.57% of the company's stock.
Wall Street Analyst Weigh In
WAB has been the subject of a number of analyst reports. Wall Street Zen lowered Wabtec from a "buy" rating to a "hold" rating in a research report on Sunday, August 2nd. KeyCorp increased their target price on Wabtec from $308.00 to $340.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. Morgan Stanley raised their target price on Wabtec from $318.00 to $355.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. boosted 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. Finally, Wells Fargo & Company upped their price target on shares of Wabtec from $284.00 to $315.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $313.36.
Check Out Our Latest Research Report on WAB
Wabtec Stock Performance
Shares of NYSE WAB opened at $292.28 on Monday. Wabtec has a 12-month low of $184.26 and a 12-month high of $306.64. The company has a market cap of $49.37 billion, a PE ratio of 39.28, a P/E/G ratio of 1.98 and a beta of 0.93. The stock has a 50 day simple moving average of $282.66 and a 200-day simple moving average of $266.96. 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 (NYSE:WAB - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.60 by $0.16. The firm had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.07 billion. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.The firm's revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. On average, equities research analysts forecast that Wabtec will post 10.86 EPS for the current year.
Wabtec Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be given 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 is Tuesday, August 18th. Wabtec's payout ratio is 16.67%.
Wabtec Profile
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Free Report)
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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