IPG Investment Advisors LLC Makes New Investment in Wabtec $WAB

IPG Investment Advisors LLC bought a new stake in shares of Wabtec (NYSE:WAB) in the second quarter, Holdings Channel reports. The fund bought 6,740 shares of the transportation company’s stock, valued at approximately $1,817,000.

Other institutional investors have also recently made changes to their positions in the company. Whipplewood Advisors LLC purchased a new stake in shares of Wabtec during the first quarter worth approximately $25,000. Meeder Asset Management Inc. acquired a new stake in Wabtec during the 2nd quarter worth $26,000. Clal Insurance Enterprises Holdings Ltd grew 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 buying an additional 73 shares in the last quarter. Manchester Capital Management LLC raised its position in shares of Wabtec by 122.0% in the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock valued at $28,000 after buying an additional 72 shares during the last quarter. Finally, Bell Investment Advisors Inc purchased a new position in shares of Wabtec in the second quarter worth about $29,000. 91.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on WAB. 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 Wabtec from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Morgan Stanley increased their price target on Wabtec from $318.00 to $355.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. KeyCorp lifted their price objective on Wabtec from $308.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Finally, Susquehanna boosted their price objective on Wabtec from $305.00 to $340.00 and gave the stock 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.com, the company presently has an average rating of “Moderate Buy” and an average target price of $313.36.

Insider Activity

In related news, insider Michael Fetsko sold 3,250 shares of Wabtec stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $293.22, for a total value of $952,965.00. Following the completion of the sale, the insider owned 37,380 shares in the company, valued at approximately $10,960,563.60. This trade represents a 8.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sameer Gaur sold 1,082 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $263.50, for a total value of $285,107.00. Following the completion of the sale, the insider directly owned 11,985 shares in the company, valued at approximately $3,158,047.50. The trade was a 8.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 18,710 shares of company stock worth $5,505,630 in the last three months. 0.57% of the stock is currently owned by corporate insiders.

Wabtec Price Performance

WAB stock opened at $280.88 on Thursday. Wabtec has a 52-week low of $184.26 and a 52-week high of $306.64. The company has a quick ratio of 0.59, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. The stock has a market cap of $47.44 billion, a price-to-earnings ratio of 37.75, a price-to-earnings-growth ratio of 1.93 and a beta of 0.92. The business has a fifty day moving average of $284.25 and a two-hundred day moving average of $268.43.

Wabtec (NYSE:WAB) last issued its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.60 by $0.16. The firm had revenue of $3.18 billion during 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 company’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period last year, the company earned $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. As a group, research analysts anticipate that Wabtec will post 10.86 earnings per share for the current year.

Wabtec Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Tuesday, August 18th. Wabtec’s dividend payout ratio is currently 16.67%.

Wabtec Company Profile

Westinghouse Air Brake Technologies Corporation, known as Wabtec, is a global provider of equipment, systems, and services for the freight and transit rail industries. The company develops technologies designed to improve the safety, efficiency, reliability, and environmental performance of rail transportation.

Wabtec’s products and services include locomotives and locomotive components, braking systems, rail-control and signaling technologies, digital train-management solutions, and equipment for freight cars and passenger rail vehicles.