Wealthfront Advisers LLC Makes New Investment in Wabtec $WAB

Wealthfront Advisers LLC acquired a new position in shares of Wabtec (NYSE:WAB) in the second quarter, HoldingsChannel.com reports. The firm acquired 30,474 shares of the transportation company’s stock, valued at approximately $8,216,000.

Other hedge funds also recently modified their holdings of the company. Guggenheim Capital LLC raised its holdings in Wabtec by 7.4% during the second quarter. Guggenheim Capital LLC now owns 4,938 shares of the transportation company’s stock worth $1,034,000 after acquiring an additional 342 shares in the last quarter. Bank of Nova Scotia grew its stake in Wabtec by 0.5% in the second 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 in the last quarter. Nebula Research & Development LLC grew its stake in Wabtec by 208.7% in the second 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 in the last quarter. Treasurer of the State of North Carolina grew its stake in Wabtec by 11.6% in the second 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 purchasing an additional 9,545 shares in the last quarter. Finally, Ieq Capital LLC increased its position in shares of Wabtec by 19.2% during the 2nd quarter. Ieq Capital LLC now owns 30,352 shares of the transportation company’s stock worth $6,354,000 after purchasing an additional 4,889 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Insider Buying and Selling

In related news, CTO Eric Gebhardt sold 7,100 shares of Wabtec 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 sale, the chief technology officer owned 19,153 shares of the company’s stock, valued at approximately $5,731,918.31. The trade was a 27.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Rafael Santana sold 1,163 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $261.06, for a total transaction of $303,612.78. Following the completion of the transaction, the chief executive officer owned 124,077 shares in the company, valued at approximately $32,391,541.62. This trade represents a 0.93% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 17,786 shares of company stock valued at $5,160,577. 0.57% of the stock is currently owned by insiders.

Wabtec Price Performance

Shares of NYSE WAB opened at $292.16 on Thursday. 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 business’s 50 day moving average price is $278.93 and its two-hundred day moving average price is $264.12. The company has a market cap of $49.35 billion, a PE ratio of 39.27, a price-to-earnings-growth ratio of 2.00 and a beta of 0.93. Wabtec has a twelve month low of $184.26 and a twelve month high of $306.64.

Wabtec (NYSE:WAB) last posted its earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share for the quarter, topping analysts’ consensus estimates of $2.60 by $0.16. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same period in the previous year, the firm earned $2.27 EPS. The firm’s 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. On average, analysts predict that Wabtec will post 10.86 EPS for the current year.

Wabtec Announces Dividend

The business also recently disclosed 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 dividend yield of 0.4%. The ex-dividend date is Tuesday, August 18th. Wabtec’s payout ratio is currently 16.67%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Wabtec from $300.00 to $315.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a research note on Friday, July 17th. Stephens boosted their target price on shares of Wabtec from $320.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Morgan Stanley upped their price target 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. Finally, Susquehanna increased their price target on shares of Wabtec from $305.00 to $340.00 and gave the company a “positive” rating in a research note on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.