Wabtec $WAB Stock Holdings Lifted by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. grew its stake in shares of Wabtec (NYSE:WAB) by 9.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 27,781 shares of the transportation company’s stock after acquiring an additional 2,453 shares during the period. Rakuten Investment Management Inc.’s holdings in Wabtec were worth $7,454,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Whipplewood Advisors LLC acquired a new stake in shares of Wabtec during the first quarter worth $25,000. Meeder Asset Management Inc. acquired a new position in shares of Wabtec in the 2nd quarter valued at $26,000. Clal Insurance Enterprises Holdings Ltd increased its stake in Wabtec by 125.9% in the 4th 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 in the last quarter. Manchester Capital Management LLC increased its stake in Wabtec by 122.0% in the 4th quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock worth $28,000 after purchasing an additional 72 shares in the last quarter. Finally, Bell Investment Advisors Inc acquired a new stake in Wabtec during the 2nd quarter worth about $29,000. 91.69% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CTO Eric Gebhardt sold 7,100 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $299.27, for a total value 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 approximately $5,731,918.31. The trade was a 27.04% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael Fetsko sold 3,250 shares of the stock in a transaction that occurred 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 in the company, valued at $10,960,563.60. This represents a 8.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 21,036 shares of company stock worth $6,113,542. Insiders own 0.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Citigroup upped their price objective on shares of Wabtec from $311.00 to $341.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Wall Street Zen lowered shares of Wabtec from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. KeyCorp upped their price target on shares of Wabtec from $308.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Morgan Stanley raised their price objective on shares of Wabtec from $318.00 to $355.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Wabtec from $300.00 to $315.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $313.36.

Wabtec Stock Down 1.7%

Wabtec stock opened at $292.28 on Friday. Wabtec has a twelve month low of $184.26 and a twelve month high of $306.64. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.59 and a current ratio of 1.12. The firm has a market cap of $49.37 billion, a PE ratio of 39.28, a P/E/G ratio of 1.98 and a beta of 0.93. The firm’s 50 day moving average price is $282.66 and its two-hundred day moving average price is $266.81.

Wabtec (NYSE:WAB) last issued its earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.60 by $0.16. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The company had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same quarter last year, the business posted $2.27 EPS. The company’s revenue for the quarter 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, research analysts predict that Wabtec will post 10.86 EPS for the current fiscal 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 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 is Tuesday, August 18th. Wabtec’s dividend payout ratio is presently 16.67%.

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.