Erste Asset Management GmbH Buys 58,202 Shares of Wabtec $WAB

Erste Asset Management GmbH grew its position in shares of Wabtec (NYSE:WAB) by 24.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 298,115 shares of the transportation company’s stock after acquiring an additional 58,202 shares during the period. Erste Asset Management GmbH’s holdings in Wabtec were worth $80,088,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in WAB. Whipplewood Advisors LLC purchased a new stake in shares of Wabtec in the 1st quarter worth about $25,000. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Wabtec by 125.9% during the fourth 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 shares of Wabtec by 122.0% during the fourth 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. McMillan Office Inc. purchased a new position in shares of Wabtec in the 4th quarter worth about $31,000. Finally, Reflection Asset Management purchased a new position in shares of Wabtec in the 4th quarter worth about $35,000. Institutional investors own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

WAB has been the topic of several recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a research report on Friday, July 17th. Citigroup upped their target price on shares of Wabtec from $311.00 to $341.00 and gave the stock a “buy” rating in a research note on Thursday. 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. Wells Fargo & Company raised their price target on shares of Wabtec from $284.00 to $315.00 and gave the company an “equal weight” rating in a research report on Thursday, July 23rd. Finally, Wall Street Zen lowered shares of Wabtec from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Wabtec has an average rating of “Moderate Buy” and a consensus target price of $313.36.

Insider Transactions at Wabtec

In other news, CEO Rafael Santana sold 1,163 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $261.06, for a total value of $303,612.78. Following the transaction, the chief executive officer owned 124,077 shares in the company, valued at $32,391,541.62. This represents a 0.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 completion of the transaction, the vice president directly owned 55,128 shares in the company, valued at approximately $16,610,617.68. The trade was a 5.16% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 16,834 shares of company stock valued at $4,874,977. Company insiders own 0.57% of the company’s stock.

Wabtec Trading Up 0.8%

Shares of WAB stock opened at $297.93 on Friday. 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 has a 12-month low of $184.26 and a 12-month high of $306.64. The stock has a market capitalization of $50.32 billion, a P/E ratio of 40.04, a P/E/G ratio of 2.00 and a beta of 0.93. The firm’s 50 day moving average is $276.02 and its 200 day moving average is $262.26.

Wabtec (NYSE:WAB) last announced its earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share for the quarter, beating analysts’ consensus estimates of $2.60 by $0.16. The business had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.07 billion. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Research analysts expect that Wabtec will post 10.86 earnings per share for the current year.

Wabtec Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be issued a $0.31 dividend. The ex-dividend date of this dividend is 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 currently 16.67%.

About Wabtec

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.