Quantinno Capital Management LP Boosts Position in Wabtec $WAB

Quantinno Capital Management LP raised its holdings in shares of Wabtec (NYSE:WAB) by 4.6% during the first quarter, HoldingsChannel reports. The institutional investor owned 155,152 shares of the transportation company’s stock after acquiring an additional 6,815 shares during the quarter. Quantinno Capital Management LP’s holdings in Wabtec were worth $38,774,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its stake in shares of Wabtec by 20.3% in the 4th 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 acquiring an additional 1,344,744 shares during the period. State Street Corp lifted its holdings in shares of Wabtec by 2.6% during the 4th quarter. State Street Corp now owns 7,658,040 shares of the transportation company’s stock valued at $1,634,609,000 after acquiring an additional 197,610 shares in the last quarter. Geode Capital Management LLC boosted its position in Wabtec by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 4,366,157 shares of the transportation company’s stock worth $928,249,000 after purchasing an additional 38,029 shares during the period. Wellington Management Group LLP boosted its position in Wabtec by 3.6% during the 3rd quarter. Wellington Management Group LLP now owns 3,304,183 shares of the transportation company’s stock worth $662,390,000 after purchasing an additional 116,329 shares during the period. Finally, Farallon Capital Management LLC increased its holdings in Wabtec by 12.3% in the 4th quarter. Farallon Capital Management LLC now owns 2,476,003 shares of the transportation company’s stock valued at $528,503,000 after purchasing an additional 270,905 shares in the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Wabtec news, CEO Rafael Santana sold 1,163 shares of Wabtec stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $262.07, for a total transaction of $304,787.41. Following the sale, the chief executive officer directly owned 122,914 shares in the company, valued at $32,212,071.98. The trade was a 0.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sameer Gaur sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $300.64, for a total value of $300,640.00. Following the completion of the transaction, the insider directly owned 10,985 shares in the company, valued at approximately $3,302,530.40. The trade was a 8.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 16,834 shares of company stock worth $4,833,958 in the last quarter. Company insiders own 0.57% of the company’s stock.

Wabtec Stock Performance

Shares of WAB stock opened at $292.52 on Friday. Wabtec has a 12 month low of $184.26 and a 12 month high of $306.64. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 0.59. The firm has a market capitalization of $49.41 billion, a P/E ratio of 39.32, a P/E/G ratio of 1.98 and a beta of 0.94. The company’s fifty day moving average price is $269.02 and its two-hundred day moving average price is $257.59.

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 analysts’ consensus estimates of $2.60 by $0.16. The company had revenue of $3.18 billion during 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 for the quarter was up 17.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. On average, research analysts anticipate that Wabtec will post 10.86 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be issued 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 is currently 16.67%.

Analyst Upgrades and Downgrades

Several research firms have commented on WAB. Wall Street Zen raised Wabtec from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Wells Fargo & Company upped their target price on Wabtec from $284.00 to $315.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 23rd. KeyCorp increased their target price on Wabtec from $308.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. raised their target price on Wabtec from $300.00 to $315.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Finally, Morgan Stanley upped their price target on Wabtec from $318.00 to $355.00 and gave the stock an “overweight” rating in a 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $310.64.

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.