Jones Financial Companies Lllp Has $13.39 Million Position in Wabtec $WAB

Jones Financial Companies Lllp raised its position in Wabtec (NYSE:WAB) by 6.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,672 shares of the transportation company’s stock after buying an additional 2,961 shares during the period. Jones Financial Companies Lllp’s holdings in Wabtec were worth $13,388,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in WAB. Whipplewood Advisors LLC acquired a new position in shares of Wabtec in the 1st quarter worth approximately $25,000. Meeder Asset Management Inc. bought a new position in shares of Wabtec in the second quarter worth about $26,000. Clal Insurance Enterprises Holdings Ltd lifted its position 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 in the last quarter. Manchester Capital Management LLC grew its stake 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 valued at $28,000 after purchasing an additional 72 shares during the last quarter. Finally, Bell Investment Advisors Inc bought a new stake in shares of Wabtec during the second quarter valued at approximately $29,000. 91.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. KeyCorp upped their price target on Wabtec from $308.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a research report on Friday, July 17th. JPMorgan Chase & Co. upped their price objective on shares of Wabtec from $300.00 to $315.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Susquehanna raised 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. Finally, Wall Street Zen lowered 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $313.36.

Wabtec Stock Up 0.0%

Shares of Wabtec stock opened at $297.70 on Tuesday. The firm has a market cap of $50.29 billion, a PE ratio of 40.01, a P/E/G ratio of 2.02 and a beta of 0.93. The business’s 50 day simple moving average is $280.78 and its 200 day simple moving average is $265.45. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.59 and a current ratio of 1.12. Wabtec has a 52-week low of $184.26 and a 52-week high of $306.64.

Wabtec (NYSE:WAB) last released 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 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 business’s revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. On average, analysts predict that Wabtec will post 10.86 earnings per share for the current fiscal year.

Wabtec Announces Dividend

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

Insider Activity

In other Wabtec news, VP David L. Deninno sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $301.31, for a total value of $903,930.00. Following the completion of the transaction, the vice president directly owned 55,128 shares in the company, valued at $16,610,617.68. This trade represents a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction, the chief technology officer directly owned 19,153 shares in the company, valued at $5,731,918.31. This trade represents a 27.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 21,036 shares of company stock valued at $6,113,542. Corporate insiders own 0.57% of the company’s stock.

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.