Wabtec $WAB Shares Sold by Evolve Private Wealth LLC

Evolve Private Wealth LLC lowered its position in Wabtec (NYSE:WAB) by 66.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,077 shares of the transportation company’s stock after selling 2,174 shares during the quarter. Evolve Private Wealth LLC’s holdings in Wabtec were worth $290,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new position in Wabtec during the 2nd quarter worth approximately $3,741,077,000. Norges Bank acquired a new position in shares of Wabtec during the 4th quarter worth $409,039,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Wabtec by 20.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company’s stock valued at $1,700,238,000 after purchasing an additional 1,344,744 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Wabtec during the second quarter worth $212,692,000. Finally, Deutsche Bank AG acquired a new position in Wabtec in the 2nd quarter valued at about $207,228,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on WAB shares. Susquehanna lifted their price target on shares of Wabtec from $305.00 to $340.00 and gave the company a “positive” rating in a report on Thursday, July 23rd. Stephens increased their price objective on shares of Wabtec from $320.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Citigroup lifted their target price on Wabtec from $311.00 to $341.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Wells Fargo & Company increased 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. Finally, KeyCorp lifted their target price on Wabtec from $308.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Wabtec currently has a consensus rating of “Moderate Buy” and an average price target of $313.36.

Wabtec Stock Performance

Shares of WAB opened at $300.63 on Thursday. The company’s 50 day moving average price is $281.85 and its 200 day moving average price is $266.27. 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. The company has a market capitalization of $50.78 billion, a PE ratio of 40.41, a PEG ratio of 2.01 and a beta of 0.93.

Wabtec (NYSE:WAB) last announced its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $3.07 billion. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Research analysts expect that Wabtec will post 10.86 EPS for the current fiscal year.

Wabtec Dividend Announcement

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

Insider Activity at Wabtec

In other news, VP David L. Deninno sold 3,000 shares of the company’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 transaction, the vice president owned 55,128 shares of the company’s stock, valued at approximately $16,610,617.68. This represents a 5.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rafael Santana sold 1,163 shares of the 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 sale, the chief executive officer owned 124,077 shares of the company’s stock, valued at approximately $32,391,541.62. The trade was 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. In the last 90 days, insiders have sold 21,036 shares of company stock worth $6,113,542. Insiders own 0.57% of the company’s stock.

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.