Nwam LLC Acquires 5,738 Shares of Wabtec $WAB

Nwam LLC grew its stake in Wabtec (NYSE:WAB) by 67.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 14,247 shares of the transportation company’s stock after buying an additional 5,738 shares during the quarter. Nwam LLC’s holdings in Wabtec were worth $3,841,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Headlands Technologies LLC bought a new position in Wabtec in the 2nd quarter worth $684,000. Susquehanna Fundamental Investments LLC boosted its holdings in Wabtec by 79.3% during the second quarter. Susquehanna Fundamental Investments LLC now owns 144,820 shares of the transportation company’s stock valued at $39,043,000 after acquiring an additional 64,045 shares during the period. Two Sigma Securities LLC bought a new stake in Wabtec during the second quarter valued at about $540,000. Flputnam Investment Management Co. grew its position in shares of Wabtec by 0.5% in the second quarter. Flputnam Investment Management Co. now owns 31,019 shares of the transportation company’s stock valued at $8,363,000 after purchasing an additional 146 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Wabtec by 45.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,282 shares of the transportation company’s stock valued at $615,000 after purchasing an additional 715 shares during the last quarter. 91.69% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Rafael Santana sold 1,163 shares of Wabtec stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $299.04, for a total transaction of $347,783.52. Following the sale, the chief executive officer owned 120,588 shares of the company’s stock, valued at approximately $36,060,635.52. This trade represents a 0.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Eric Gebhardt sold 7,100 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $299.27, for a total value of $2,124,817.00. Following the sale, the chief technology officer owned 19,153 shares in the company, valued at approximately $5,731,918.31. This represents a 27.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In 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 corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Wells Fargo & Company boosted their price objective on Wabtec from $284.00 to $315.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a report on Friday, July 17th. JPMorgan Chase & Co. lifted their price target on Wabtec from $300.00 to $315.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Citigroup upped their price target on Wabtec from $311.00 to $341.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Finally, Wall Street Zen cut Wabtec from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $313.36.

Wabtec Stock Performance

NYSE:WAB opened at $286.39 on Tuesday. The firm’s 50-day moving average is $282.85 and its 200-day moving average is $267.25. The company has a market cap of $48.37 billion, a price-to-earnings ratio of 38.49, a PEG ratio of 1.98 and a beta of 0.93. 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 earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.60 by $0.16. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The business had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter last year, the company earned $2.27 earnings per share. The firm’s revenue was up 17.5% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Equities research analysts anticipate that Wabtec will post 10.86 earnings per share for the current year.

Wabtec Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Tuesday, August 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.4%. Wabtec’s dividend payout ratio (DPR) is currently 16.67%.

Wabtec 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.