Wellington Management Group LLP Has $450.36 Million Holdings in Wabtec $WAB

Wellington Management Group LLP lessened its position in Wabtec (NYSE:WAB) by 33.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,670,476 shares of the transportation company’s stock after selling 839,436 shares during the quarter. Wellington Management Group LLP owned about 0.99% of Wabtec worth $450,360,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Guggenheim Capital LLC increased its stake in shares of Wabtec by 7.4% in the second quarter. Guggenheim Capital LLC now owns 4,938 shares of the transportation company’s stock worth $1,034,000 after purchasing an additional 342 shares during the period. Bank of Nova Scotia boosted its stake in Wabtec by 0.5% during the 2nd quarter. Bank of Nova Scotia now owns 17,890 shares of the transportation company’s stock valued at $3,745,000 after purchasing an additional 97 shares during the period. Nebula Research & Development LLC boosted its stake in Wabtec by 208.7% during the 2nd quarter. Nebula Research & Development LLC now owns 5,386 shares of the transportation company’s stock valued at $1,128,000 after purchasing an additional 3,641 shares during the period. Treasurer of the State of North Carolina grew its holdings in Wabtec by 11.6% in the 2nd quarter. Treasurer of the State of North Carolina now owns 92,097 shares of the transportation company’s stock valued at $19,281,000 after buying an additional 9,545 shares during the last quarter. Finally, Ieq Capital LLC grew its holdings in Wabtec by 19.2% in the 2nd quarter. Ieq Capital LLC now owns 30,352 shares of the transportation company’s stock valued at $6,354,000 after buying an additional 4,889 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors.

Insider Transactions at Wabtec

In other news, EVP Gregory Sbrocco sold 952 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $300.00, for a total value of $285,600.00. Following the completion of the transaction, the executive vice president owned 21,043 shares in the company, valued at approximately $6,312,900. This represents a 4.33% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sameer Gaur sold 1,000 shares of Wabtec stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $300.64, for a total transaction of $300,640.00. Following the sale, the insider owned 10,985 shares in the company, valued at approximately $3,302,530.40. This trade represents a 8.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 21,036 shares of company stock worth $6,113,542. 0.57% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on WAB shares. Wells Fargo & Company upped their price target on Wabtec from $284.00 to $315.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Susquehanna raised 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. Morgan Stanley boosted their target price on shares of Wabtec from $318.00 to $355.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a research note on Friday, July 17th. Finally, JPMorgan Chase & Co. increased their price target on shares of Wabtec from $300.00 to $315.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Wabtec currently has a consensus rating of “Moderate Buy” and an average target price of $313.36.

Wabtec Price Performance

Shares of WAB stock opened at $292.28 on Friday. Wabtec has a 12 month low of $184.26 and a 12 month high of $306.64. The company has a market capitalization of $49.37 billion, a P/E ratio of 39.28, a P/E/G ratio of 1.98 and a beta of 0.93. The stock has a 50 day moving average of $282.66 and a two-hundred day moving average of $266.81. The company has a current ratio of 1.12, a quick ratio of 0.59 and a debt-to-equity ratio of 0.44.

Wabtec (NYSE:WAB) last released its quarterly earnings data 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. 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%.Wabtec’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.27 earnings per share. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. As a group, equities analysts expect that Wabtec will post 10.86 EPS for the current year.

Wabtec Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be issued 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 payout ratio is 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.