Wabtec $WAB Shares Sold by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group cut its Wabtec stake by 40.7% in the second quarter, selling 252,252 shares and retaining 367,726 shares valued at approximately $99.1 million. Institutional investors collectively own 91.69% of Wabtec.
• Analysts remain broadly bullish, with 10 Buy ratings and two Holds, producing a consensus “Moderate Buy” rating and an average price target of $313.36. Wabtec recently exceeded quarterly earnings and revenue expectations, reporting $2.76 in EPS and $3.18 billion in revenue.
• Wabtec shares opened at $292.28, near their 52-week high of $306.64, while the company declared a quarterly dividend of $0.31 per share, representing a 0.4% yield.

Alyeska Investment Group L.P. cut its stake in shares of Wabtec (NYSE:WAB - Free Report) by 40.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 367,726 shares of the transportation company's stock after selling 252,252 shares during the period. Alyeska Investment Group L.P. owned approximately 0.22% of Wabtec worth $99,139,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Nomura Asset Management Co. Ltd. raised its position 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 buying an additional 4,266 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Wabtec by 24,274.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 323,936 shares of the transportation company's stock worth $69,144,000 after acquiring an additional 322,607 shares during the period. Goldman Sachs Group Inc. grew its stake in Wabtec by 16.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 925,021 shares of the transportation company's stock valued at $197,446,000 after acquiring an additional 132,091 shares in the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Wabtec in the fourth quarter worth approximately $2,134,000. Finally, Pinnbrook Capital Management LP acquired a new stake in shares of Wabtec during the fourth quarter worth approximately $7,743,000. Institutional investors and hedge funds own 91.69% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on WAB shares. Weiss Ratings reiterated a "buy (b)" rating on shares of Wabtec in a research report on Friday, July 17th. Wells Fargo & Company boosted their target price on Wabtec from $284.00 to $315.00 and gave the company an "equal weight" rating in a research note on Thursday, July 23rd. Susquehanna raised their price target on Wabtec from $305.00 to $340.00 and gave the stock a "positive" rating in a research note on Thursday, July 23rd. Citigroup boosted their price target on Wabtec from $311.00 to $341.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Wabtec from $300.00 to $315.00 and gave the company a "neutral" 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $313.36.

Wabtec Trading Down 1.7%

Shares of Wabtec stock opened at $292.28 on Friday. The firm has a market capitalization of $49.37 billion, a PE ratio of 39.28, a price-to-earnings-growth ratio of 1.98 and a beta of 0.93. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 0.59. The company's fifty day moving average price is $282.66 and its two-hundred day moving average price is $266.81. Wabtec has a 52-week low of $184.26 and a 52-week high of $306.64.

Wabtec (NYSE:WAB - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $2.76 EPS for the quarter, topping analysts' consensus estimates of $2.60 by $0.16. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same period last year, the firm earned $2.27 EPS. The firm's revenue for the quarter 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, analysts expect that Wabtec will post 10.86 EPS for the current year.

Wabtec Announces Dividend

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

Insider Activity at Wabtec

In other news, insider Sameer Gaur sold 1,082 shares of the business's stock in a transaction on Friday, June 12th. The shares were sold at an average price of $263.50, for a total value of $285,107.00. Following the sale, the insider owned 11,985 shares in the company, valued at approximately $3,158,047.50. The trade was a 8.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP David L. Deninno sold 3,000 shares of the firm's stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $301.31, for a total transaction of $903,930.00. Following the sale, the vice president directly owned 55,128 shares of the company's stock, valued at approximately $16,610,617.68. The trade was a 5.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 21,036 shares of company stock valued at $6,113,542. 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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