768,650 Shares in Wabtec $WAB Acquired by Deutsche Bank AG

Deutsche Bank AG acquired a new position in shares of Wabtec (NYSE:WAB) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 768,650 shares of the transportation company’s stock, valued at approximately $207,228,000.

Other large investors also recently added to or reduced their stakes in the company. Guggenheim Capital LLC boosted its position in shares of Wabtec by 7.4% in the second quarter. Guggenheim Capital LLC now owns 4,938 shares of the transportation company’s stock worth $1,034,000 after buying an additional 342 shares during the period. Bank of Nova Scotia raised its position in Wabtec by 0.5% during the second quarter. Bank of Nova Scotia now owns 17,890 shares of the transportation company’s stock valued at $3,745,000 after buying an additional 97 shares during the period. Nebula Research & Development LLC lifted its stake in Wabtec by 208.7% in the 2nd quarter. Nebula Research & Development LLC now owns 5,386 shares of the transportation company’s stock worth $1,128,000 after acquiring an additional 3,641 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake in Wabtec by 11.6% in the 2nd quarter. Treasurer of the State of North Carolina now owns 92,097 shares of the transportation company’s stock worth $19,281,000 after acquiring an additional 9,545 shares in the last quarter. Finally, Ieq Capital LLC boosted its position in Wabtec by 19.2% during the 2nd quarter. Ieq Capital LLC now owns 30,352 shares of the transportation company’s stock worth $6,354,000 after acquiring an additional 4,889 shares during the period. 91.69% of the stock is owned by institutional investors and hedge funds.

Wabtec Stock Down 1.8%

Shares of Wabtec stock opened at $295.34 on Wednesday. The firm has a market cap of $49.89 billion, a price-to-earnings ratio of 39.70, a P/E/G ratio of 2.03 and a beta of 0.93. The stock has a 50-day simple moving average of $278.22 and a 200-day simple moving average of $263.70. Wabtec has a 52-week low of $184.26 and a 52-week high of $306.64. 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 (NYSE:WAB) 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. The firm had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.07 billion. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.The firm’s revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.27 earnings per share. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. On average, equities research analysts expect that Wabtec will post 10.86 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The firm also recently declared 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 is Tuesday, August 18th. This represents a $1.24 annualized dividend and a dividend yield of 0.4%. Wabtec’s dividend payout ratio is 16.67%.

Insider Buying and Selling at Wabtec

In other Wabtec news, EVP Gregory Sbrocco sold 952 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $300.00, for a total transaction of $285,600.00. Following the transaction, the executive vice president directly owned 21,043 shares of the company’s stock, valued at $6,312,900. This represents a 4.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Rafael Santana sold 1,163 shares of the firm’s stock in a transaction dated 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 approximately $32,391,541.62. This trade represents a 0.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 17,786 shares of company stock worth $5,160,577 in the last ninety days. Company insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

WAB has been the topic of a number of research reports. Morgan Stanley upped their target price on Wabtec from $318.00 to $355.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a research report on Friday, July 17th. Stephens upped their price objective on shares of Wabtec from $320.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. KeyCorp increased their target price on shares of Wabtec from $308.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Finally, Wall Street Zen cut shares of Wabtec from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $313.36.

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.