Wealthfront Advisers LLC Invests $8.22 Million in Wabtec $WAB

Wealthfront Advisers LLC acquired a new position in shares of Wabtec (NYSE:WAB) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 30,474 shares of the transportation company’s stock, valued at approximately $8,216,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. raised its holdings in Wabtec by 5.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 85,485 shares of the transportation company’s stock worth $18,247,000 after purchasing an additional 4,266 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Wabtec by 24,274.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 323,936 shares of the transportation company’s stock worth $69,144,000 after purchasing an additional 322,607 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Wabtec by 16.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 925,021 shares of the transportation company’s stock valued at $197,446,000 after buying an additional 132,091 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Wabtec in the 4th quarter valued at $2,134,000. Finally, Pinnbrook Capital Management LP bought a new stake in shares of Wabtec in the 4th quarter valued at $7,743,000. Institutional investors own 91.69% of the company’s stock.

Wabtec Stock Down 0.9%

Shares of WAB stock opened at $292.16 on Thursday. Wabtec has a 12-month low of $184.26 and a 12-month high of $306.64. 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 fifty day moving average of $278.93 and a 200-day moving average of $264.12. The company has a market capitalization of $49.35 billion, a price-to-earnings ratio of 39.27, a P/E/G ratio of 2.00 and a beta of 0.93.

Wabtec (NYSE:WAB) last posted its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $2.76 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 net margin of 10.59% and a return on equity of 15.10%. The firm’s revenue was up 17.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. As a group, equities research analysts predict that Wabtec will post 10.86 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

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

Insider Activity at Wabtec

In related news, EVP Gregory Sbrocco sold 952 shares of Wabtec stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $300.00, for a total value of $285,600.00. Following the sale, the executive vice president owned 21,043 shares of the company’s stock, valued at approximately $6,312,900. This trade represents a 4.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP David L. Deninno sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $301.31, for a total value of $903,930.00. Following the completion of the sale, the vice president owned 55,128 shares in the company, valued at $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. Insiders sold 17,786 shares of company stock valued at $5,160,577 over the last ninety days. Company insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

WAB has been the topic of several research analyst reports. Stephens raised their price objective on Wabtec from $320.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Susquehanna increased their price target on Wabtec from $305.00 to $340.00 and gave the stock a “positive” rating in a report on Thursday, July 23rd. Citigroup raised their price target on Wabtec from $311.00 to $341.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. JPMorgan Chase & Co. lifted their price objective on Wabtec from $300.00 to $315.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Finally, Wells Fargo & Company lifted their price objective on Wabtec from $284.00 to $315.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $313.36.

About Wabtec

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.