Wabtec $WAB Stake Increased by Baird Financial Group Inc.

Key Points

• Baird Financial Group increased its Wabtec stake by 561.2% in the second quarter, bringing its holdings to 24,254 shares valued at approximately $6.54 million. Institutional investors collectively own 91.69% of Wabtec’s stock.
• Wabtec reported quarterly EPS of $2.76, beating estimates by $0.16, while revenue rose 17.5% year over year to $3.18 billion. The company guided for fiscal 2026 EPS of $10.60–$10.90.
• Analyst sentiment remains favorable, with ten Buy ratings and two Holds, an overall “Moderate Buy” consensus, and an average price target of $313.36. Wabtec shares opened at $278.52, down 1.7%.

Baird Financial Group Inc. lifted its holdings in Wabtec (NYSE:WAB - Free Report) by 561.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,254 shares of the transportation company's stock after buying an additional 20,586 shares during the period. Baird Financial Group Inc.'s holdings in Wabtec were worth $6,539,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. California State Teachers Retirement System lifted its position in shares of Wabtec by 24,510.5% in the second quarter. California State Teachers Retirement System now owns 69,374,550 shares of the transportation company's stock worth $18,703,379,000 after purchasing an additional 69,092,660 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Wabtec in the second quarter worth $3,741,077,000. Geode Capital Management LLC increased its stake in shares of Wabtec by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 4,366,157 shares of the transportation company's stock worth $928,249,000 after acquiring an additional 38,029 shares during the last quarter. Amundi raised its holdings in shares of Wabtec by 43.9% during the second quarter. Amundi now owns 1,580,919 shares of the transportation company's stock worth $426,216,000 after acquiring an additional 482,323 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Wabtec during the fourth quarter worth $409,039,000. Hedge funds and other institutional investors own 91.69% of the company's stock.

Insider Buying and Selling

In related news, insider Sameer Gaur sold 1,000 shares of the business's stock in a transaction on Friday, July 24th. The shares were sold at an average price of $300.64, for a total transaction of $300,640.00. Following the transaction, the insider owned 10,985 shares of the company's stock, valued at approximately $3,302,530.40. The trade was a 8.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Michael Fetsko sold 3,250 shares of the company's stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $293.22, for a total transaction of $952,965.00. Following the transaction, the insider owned 37,380 shares of the company's stock, valued at approximately $10,960,563.60. The trade was a 8.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 17,628 shares of company stock worth $5,220,523. 0.57% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have commented on the company. Wall Street Zen downgraded Wabtec from a "buy" rating to a "hold" rating in a research note on Sunday, August 2nd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Wabtec in a research note on Friday, July 17th. Morgan Stanley lifted their price target on Wabtec from $318.00 to $355.00 and gave the company an "overweight" rating in a report on Thursday, July 23rd. KeyCorp boosted their price target on Wabtec from $308.00 to $340.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Finally, Stephens boosted their price target on Wabtec from $320.00 to $330.00 and gave the company an "overweight" rating in a research note 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. Based on data from MarketBeat.com, Wabtec has an average rating of "Moderate Buy" and an average price target of $313.36.

Wabtec Stock Down 1.7%

Wabtec stock opened at $278.52 on Tuesday. The firm has a market cap of $47.04 billion, a price-to-earnings ratio of 37.44, a P/E/G ratio of 1.92 and a beta of 0.92. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 0.59. Wabtec has a fifty-two week low of $184.26 and a fifty-two week high of $306.64. The firm has a fifty day moving average price of $285.36 and a two-hundred day moving average price of $268.78.

Wabtec (NYSE:WAB - Get Free Report) last issued its quarterly 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. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same period last year, the business posted $2.27 earnings per share. The firm's 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. As a group, analysts forecast that Wabtec will post 10.86 earnings per share for the current year.

Wabtec Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Tuesday, August 18th. Wabtec's payout ratio is currently 16.67%.

Wabtec 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.