Quantbot Technologies LP Purchases 4,973 Shares of Wabtec $WAB

Quantbot Technologies LP increased its position in Wabtec (NYSE:WAB) by 45.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,911 shares of the transportation company’s stock after buying an additional 4,973 shares during the quarter. Quantbot Technologies LP’s holdings in Wabtec were worth $4,290,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new position in shares of Wabtec in the second quarter valued at about $26,000. Whipplewood Advisors LLC bought a new position in shares of Wabtec during the first quarter valued at about $25,000. Bell Investment Advisors Inc bought a new position in shares of Wabtec during the second quarter valued at about $29,000. Manchester Capital Management LLC boosted 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 worth $28,000 after purchasing an additional 72 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd boosted 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 worth $28,000 after purchasing an additional 73 shares during the period. 91.69% of the stock is currently owned by institutional investors.

Insider Activity at Wabtec

In related news, EVP Gregory Sbrocco sold 952 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $300.00, for a total value of $285,600.00. Following the sale, 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 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, insider Michael Fetsko sold 3,250 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $293.22, for a total value of $952,965.00. Following the completion of the transaction, the insider owned 37,380 shares of the company’s stock, valued at approximately $10,960,563.60. This trade represents a 8.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 21,036 shares of company stock valued at $6,113,542 over the last ninety days. Insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on WAB shares. JPMorgan Chase & Co. boosted 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a report on Friday, July 17th. Citigroup lifted their price objective on Wabtec from $311.00 to $341.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Morgan Stanley boosted their target price on Wabtec from $318.00 to $355.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Finally, Wells Fargo & Company upped their target price on Wabtec from $284.00 to $315.00 and gave the company an “equal weight” rating in a report 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $313.36.

Wabtec Price Performance

WAB stock opened at $298.10 on Monday. 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 1 year low of $184.26 and a 1 year high of $306.64. The firm has a 50-day moving average of $280.20 and a 200 day moving average of $265.02. The company has a market cap of $50.35 billion, a P/E ratio of 40.07, a PEG ratio of 2.02 and a beta of 0.93.

Wabtec (NYSE:WAB) last posted its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share 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 business had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same period in the previous year, the firm posted $2.27 EPS. The business’s revenue was up 17.5% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. On average, sell-side analysts forecast that Wabtec will post 10.86 EPS for the current year.

Wabtec Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders 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 is Tuesday, August 18th. Wabtec’s dividend payout ratio (DPR) is presently 16.67%.

Wabtec 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.