Tidal Investments LLC Sells 6,371 Shares of Wabtec $WAB

Tidal Investments LLC decreased its holdings in Wabtec (NYSE:WAB) by 21.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 23,523 shares of the transportation company’s stock after selling 6,371 shares during the quarter. Tidal Investments LLC’s holdings in Wabtec were worth $6,342,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in WAB. Welch & Forbes LLC increased its holdings in Wabtec by 1.8% during the second quarter. Welch & Forbes LLC now owns 2,050 shares of the transportation company’s stock valued at $553,000 after buying an additional 36 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Wabtec by 4.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 851 shares of the transportation company’s stock worth $229,000 after acquiring an additional 37 shares during the last quarter. Meeder Advisory Services Inc. grew its position in shares of Wabtec by 1.6% during the 1st quarter. Meeder Advisory Services Inc. now owns 2,471 shares of the transportation company’s stock valued at $618,000 after acquiring an additional 38 shares during the period. Legacy Financial Advisors Inc. grew its position in shares of Wabtec by 3.4% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 1,141 shares of the transportation company’s stock valued at $308,000 after acquiring an additional 38 shares during the period. Finally, Hilltop Holdings Inc. increased its stake in shares of Wabtec by 3.9% in the 4th quarter. Hilltop Holdings Inc. now owns 1,069 shares of the transportation company’s stock worth $228,000 after purchasing an additional 40 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.

Wabtec Stock Down 0.1%

NYSE WAB opened at $282.97 on Monday. Wabtec has a one year low of $184.26 and a one year high of $306.64. The company has a market capitalization of $47.80 billion, a P/E ratio of 38.03, a P/E/G ratio of 1.92 and a beta of 0.92. The stock has a 50 day moving average price of $285.02 and a 200-day moving average price of $268.68. 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 (NYSE:WAB) last posted its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $2.76 EPS for the quarter, topping 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 company had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same period in the previous year, the firm earned $2.27 earnings per share. Wabtec’s quarterly revenue was up 17.5% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. As a group, equities analysts predict that Wabtec will post 10.86 EPS for the current fiscal year.

Wabtec Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Tuesday, August 18th. Wabtec’s dividend payout ratio (DPR) is currently 16.67%.

Analyst Ratings Changes

WAB has been the topic of several analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a research report on Friday, July 17th. KeyCorp raised their price objective on Wabtec from $308.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Stephens lifted their price objective on Wabtec from $320.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. JPMorgan Chase & Co. boosted their price objective on Wabtec from $300.00 to $315.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Finally, Wall Street Zen lowered shares of Wabtec from a “buy” rating to a “hold” rating in a 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $313.36.

Insider Activity at Wabtec

In other news, CTO Eric Gebhardt sold 7,100 shares of the company’s stock in a transaction dated 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 transaction, the chief technology officer directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP David Deninno sold 3,000 shares of Wabtec 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 sale, the vice president owned 55,128 shares of the company’s stock, valued at $16,610,617.68. The trade was a 5.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 17,628 shares of company stock worth $5,220,523 over the last quarter. 0.57% of the stock is owned by insiders.

About Wabtec

Westinghouse Air Brake Technologies Corporation, known as Wabtec, is a global provider of equipment, systems, and services for the freight and transit rail industries. The company develops technologies designed to improve the safety, efficiency, reliability, and environmental performance of rail transportation.

Wabtec’s products and services include locomotives and locomotive components, braking systems, rail-control and signaling technologies, digital train-management solutions, and equipment for freight cars and passenger rail vehicles.