Evolve Private Wealth LLC Has $290,000 Stock Holdings in Wabtec $WAB

Evolve Private Wealth LLC decreased its holdings in shares of Wabtec (NYSE:WAB) by 66.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,077 shares of the transportation company’s stock after selling 2,174 shares during the period. Evolve Private Wealth LLC’s holdings in Wabtec were worth $290,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of WAB. Whipplewood Advisors LLC acquired a new position in shares of Wabtec in the 1st quarter worth approximately $25,000. Meeder Asset Management Inc. acquired a new stake in Wabtec in the 2nd quarter valued at $26,000. Clal Insurance Enterprises Holdings Ltd boosted 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 valued at $28,000 after buying an additional 73 shares in the last quarter. Manchester Capital Management LLC grew its position in 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 acquiring an additional 72 shares during the period. Finally, Bell Investment Advisors Inc acquired a new position in Wabtec during the second quarter worth $29,000. 91.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WAB has been the subject of a number of analyst reports. Wall Street Zen cut Wabtec from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a research report on Friday, July 17th. Morgan Stanley lifted their price target on shares of Wabtec from $318.00 to $355.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. KeyCorp boosted 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. Finally, Susquehanna upped their price objective on shares of Wabtec from $305.00 to $340.00 and gave the stock a “positive” rating in a research note on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Wabtec presently has a consensus rating of “Moderate Buy” and an average target price of $313.36.

Wabtec Stock Up 1.2%

NYSE WAB opened at $300.63 on Thursday. The stock has a market capitalization of $50.78 billion, a P/E ratio of 40.41, a price-to-earnings-growth ratio of 2.01 and a beta of 0.93. 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 quick ratio of 0.59 and a current ratio of 1.12. The stock has a fifty day moving average of $281.85 and a 200-day moving average of $266.27.

Wabtec (NYSE:WAB) last posted its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.60 by $0.16. The business had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.07 billion. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.27 earnings per share. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. On average, equities research analysts forecast that Wabtec will post 10.86 EPS for the current year.

Wabtec Announces Dividend

The firm 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 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, August 18th. Wabtec’s dividend payout ratio (DPR) is 16.67%.

Insider Activity at Wabtec

In related news, insider Michael Fetsko sold 3,250 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $293.22, for a total transaction of $952,965.00. Following the completion of the sale, the insider directly owned 37,380 shares of the company’s stock, valued at $10,960,563.60. The trade was a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Rafael Santana sold 1,163 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $299.04, for a total transaction of $347,783.52. Following the completion of the transaction, the chief executive officer owned 120,588 shares in the company, valued at $36,060,635.52. This represents a 0.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 21,036 shares of company stock worth $6,113,542 over the last 90 days. 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.