Nwam LLC Boosts Stake in Wabtec $WAB

Nwam LLC lifted its position in shares of Wabtec (NYSE:WAB) by 67.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 14,247 shares of the transportation company’s stock after purchasing an additional 5,738 shares during the quarter. Nwam LLC’s holdings in Wabtec were worth $3,841,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Whipplewood Advisors LLC acquired a new stake in shares of Wabtec in the first quarter worth $25,000. Meeder Asset Management Inc. purchased a new stake in Wabtec during the 2nd quarter worth $26,000. Clal Insurance Enterprises Holdings Ltd increased its holdings in Wabtec by 125.9% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 73 shares in the last quarter. Manchester Capital Management LLC raised its position in Wabtec by 122.0% in the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 72 shares during the period. Finally, Bell Investment Advisors Inc purchased a new position in Wabtec in the second quarter valued at about $29,000. 91.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Stephens lifted their price objective on shares of Wabtec from $320.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Morgan Stanley upped their price objective on Wabtec from $318.00 to $355.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Wells Fargo & Company increased their target price on shares of Wabtec from $284.00 to $315.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Susquehanna raised 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. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a research report on Friday, July 17th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Wabtec has a consensus rating of “Moderate Buy” and a consensus price target of $313.36.

Wabtec Stock Down 2.0%

WAB opened at $286.39 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.59 and a current ratio of 1.12. The stock’s fifty day moving average is $282.85 and its 200-day moving average is $267.25. Wabtec has a one year low of $184.26 and a one year high of $306.64. The company has a market capitalization of $48.37 billion, a PE ratio of 38.49, a P/E/G ratio of 1.98 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 earnings per share for the quarter, beating the consensus estimate of $2.60 by $0.16. The company had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.07 billion. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. On average, equities analysts predict that Wabtec will post 10.86 EPS for the current fiscal year.

Wabtec Announces Dividend

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

Insiders Place Their Bets

In other news, 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 transaction of $903,930.00. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rafael Santana sold 1,163 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $261.06, for a total transaction of $303,612.78. Following the sale, the chief executive officer directly owned 124,077 shares in the company, valued at approximately $32,391,541.62. This trade represents a 0.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 21,036 shares of company stock valued at $6,113,542 over the last 90 days. 0.57% of the stock is owned by corporate insiders.

Wabtec Company 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.