First National Bank of Omaha Acquires Shares of 12,396 Wabtec $WAB

First National Bank of Omaha acquired a new stake in shares of Wabtec (NYSE:WAB) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 12,396 shares of the transportation company’s stock, valued at approximately $3,342,000.

A number of other hedge funds also recently bought and sold shares of WAB. M. Kulyk & Associates LLC acquired a new stake in shares of Wabtec in the 2nd quarter worth $1,057,000. Meeder Advisory Services Inc. acquired a new position in shares of Wabtec during the 2nd quarter valued at about $698,000. Meeder Asset Management Inc. acquired a new position in shares of Wabtec during the 2nd quarter valued at about $26,000. Citizens Financial Group Inc. RI purchased a new stake in shares of Wabtec in the second quarter valued at about $394,000. Finally, Cornerstone Advisors LLC acquired a new stake in Wabtec during the second quarter worth about $6,695,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Insider Buying and Selling at Wabtec

In related news, CTO Eric Gebhardt sold 7,100 shares of the stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $299.27, for a total transaction of $2,124,817.00. Following the completion of the transaction, the chief technology officer directly owned 19,153 shares of the company’s stock, valued at $5,731,918.31. This represents a 27.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP David L. Deninno sold 3,000 shares of the firm’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $301.31, for a total transaction of $903,930.00. Following the completion of the sale, the vice president owned 55,128 shares of the company’s stock, valued at approximately $16,610,617.68. The trade was a 5.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 17,786 shares of company stock valued at $5,160,577. Insiders own 0.57% of the company’s stock.

Wabtec Stock Performance

NYSE WAB opened at $295.34 on Wednesday. The business’s 50-day moving average price is $278.22 and its 200 day moving average price is $263.70. 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 firm has a market cap of $49.89 billion, a P/E ratio of 39.70, a P/E/G ratio of 2.03 and a beta of 0.93. Wabtec has a 52-week low of $184.26 and a 52-week high of $306.64.

Wabtec (NYSE:WAB) last announced 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 return on equity of 15.10% and a net margin of 10.59%.The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same period last year, the business posted $2.27 EPS. The company’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. On average, equities research analysts expect that Wabtec will post 10.86 earnings per share for the current year.

Wabtec Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a research report on Friday, July 17th. Wells Fargo & Company raised their price objective on shares of Wabtec from $284.00 to $315.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. KeyCorp lifted their target price on Wabtec from $308.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Stephens boosted their price target on shares of Wabtec from $320.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Finally, Wall Street Zen downgraded Wabtec from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $313.36.

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.