Focus Partners Advisor Solutions LLC Buys Shares of 2,136 Wabtec $WAB

Focus Partners Advisor Solutions LLC purchased a new stake in shares of Wabtec (NYSE:WAB) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 2,136 shares of the transportation company’s stock, valued at approximately $576,000.

A number of other hedge funds have also modified their holdings of WAB. ABN AMRO Bank N.V. acquired a new position in shares of Wabtec in the second quarter worth $27,394,000. One Wealth Advisors LLC acquired a new stake in Wabtec during the second quarter valued at $261,000. Soltis Investment Advisors LLC boosted its position in Wabtec by 9.0% during the second quarter. Soltis Investment Advisors LLC now owns 1,115 shares of the transportation company’s stock valued at $301,000 after purchasing an additional 92 shares during the last quarter. Quadcap Wealth Management LLC grew its stake in Wabtec by 2.0% in the second quarter. Quadcap Wealth Management LLC now owns 3,100 shares of the transportation company’s stock valued at $836,000 after purchasing an additional 62 shares in the last quarter. Finally, MGO One Seven LLC grew its stake in Wabtec by 6.6% in the second quarter. MGO One Seven LLC now owns 3,723 shares of the transportation company’s stock valued at $1,004,000 after purchasing an additional 232 shares in the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Rafael Santana sold 1,163 shares of Wabtec stock in a transaction that occurred 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 of the company’s stock, valued at $36,060,635.52. This trade represents a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Eric Gebhardt sold 7,100 shares of the business’s stock in a transaction 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 completion of the sale, the chief technology officer owned 19,153 shares of the company’s stock, valued at $5,731,918.31. The trade was a 27.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 16,834 shares of company stock valued at $4,874,977 in the last quarter. Company insiders own 0.57% of the company’s stock.

Wabtec Trading Up 0.7%

Wabtec stock opened at $301.19 on Tuesday. 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 has a market capitalization of $50.87 billion, a price-to-earnings ratio of 40.48, a PEG ratio of 2.03 and a beta of 0.93. Wabtec has a one year low of $184.26 and a one year high of $306.64. The company’s fifty day moving average price is $277.63 and its two-hundred day moving average price is $263.23.

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

Wabtec Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, August 18th. Wabtec’s dividend payout ratio (DPR) is presently 16.67%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on WAB shares. Wells Fargo & Company raised their price target on Wabtec from $284.00 to $315.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. lifted their price target on Wabtec from $300.00 to $315.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Morgan Stanley boosted their price target on Wabtec from $318.00 to $355.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Citigroup raised their price objective on shares of Wabtec from $311.00 to $341.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Susquehanna lifted their target price on shares of Wabtec from $305.00 to $340.00 and gave the company a “positive” rating in a research note on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $313.36.

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.