Wabtec $WAB Shares Sold by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler reduced its Wabtec stake by 14.4% in the second quarter, selling 15,328 shares and retaining 91,473 shares valued at approximately $24.7 million. Institutional investors collectively own 91.69% of Wabtec.
• Analysts remain broadly bullish, with 10 Buy ratings and two Holds, resulting in a consensus “Moderate Buy” rating and a $313.36 target price. Recent price targets from Citigroup and KeyCorp reached $341 and $340, respectively.
• Wabtec reported stronger-than-expected quarterly results, with $2.76 in EPS and $3.18 billion in revenue, up 17.5% year over year. The company also declared a quarterly dividend of $0.31 per share, representing a 0.4% annualized yield.

B. Metzler seel. Sohn & Co. AG lessened its stake in Wabtec (NYSE:WAB - Free Report) by 14.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,473 shares of the transportation company's stock after selling 15,328 shares during the quarter. B. Metzler seel. Sohn & Co. AG owned 0.05% of Wabtec worth $24,661,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WAB. Whipplewood Advisors LLC purchased a new position in shares of Wabtec in the first quarter valued at $25,000. Meeder Asset Management Inc. acquired a new stake in Wabtec in the 2nd quarter valued at about $26,000. Clal Insurance Enterprises Holdings Ltd increased its holdings in Wabtec by 125.9% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company's stock valued at $28,000 after acquiring an additional 73 shares in the last quarter. Manchester Capital Management LLC increased its holdings in Wabtec by 122.0% during the 4th quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company's stock valued at $28,000 after acquiring an additional 72 shares in the last quarter. Finally, Bell Investment Advisors Inc acquired a new position in Wabtec during the second quarter worth about $29,000. Institutional investors and hedge funds own 91.69% of the company's stock.

Analyst Ratings Changes

WAB has been the topic of several research reports. Citigroup increased 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. Stephens lifted their price objective on Wabtec from $320.00 to $330.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. Wolfe Research reaffirmed an "outperform" rating and issued a $303.00 target price on shares of Wabtec in a research note on Thursday, April 23rd. KeyCorp increased their target price on Wabtec from $308.00 to $340.00 and gave the company an "overweight" rating in a report on Thursday, July 23rd. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Wabtec in a research report on Friday, July 17th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Wabtec has a consensus rating of "Moderate Buy" and a consensus target price of $313.36.

Wabtec Trading Up 0.1%

Shares of Wabtec stock opened at $292.62 on Friday. Wabtec has a fifty-two week low of $184.26 and a fifty-two week high of $306.64. The firm has a market cap of $49.43 billion, a PE ratio of 39.33, a P/E/G ratio of 1.98 and a beta of 0.93. The business's fifty day moving average is $279.54 and its two-hundred day moving average is $264.56. 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 announced its quarterly earnings data 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 the consensus estimate of $3.07 billion. During the same quarter in the previous year, the business earned $2.27 earnings per share. The business's revenue for the quarter was up 17.5% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Analysts anticipate that Wabtec will post 10.86 earnings per share for the current year.

Wabtec Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is 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%.

Insider Activity at Wabtec

In related news, insider Sameer Gaur sold 1,082 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider directly owned 11,985 shares in the company, valued at approximately $3,158,047.50. The trade was a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Eric Gebhardt sold 7,100 shares of the company's stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $299.27, for a total transaction of $2,124,817.00. Following the transaction, the chief technology officer directly owned 19,153 shares of the company's stock, valued at $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. Over the last 90 days, insiders have sold 17,786 shares of company stock worth $5,160,577. Corporate 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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