First National Bank of Omaha Acquires New Position in Wabtec $WAB

First National Bank of Omaha bought a new position in shares of Wabtec (NYSE:WAB) during the 2nd quarter, Holdings Channel reports. The firm bought 12,396 shares of the transportation company’s stock, valued at approximately $3,342,000.

Other hedge funds also recently added to or reduced their stakes in the company. Welch & Forbes LLC boosted its stake in shares of Wabtec by 1.8% during the 2nd quarter. Welch & Forbes LLC now owns 2,050 shares of the transportation company’s stock worth $553,000 after acquiring an additional 36 shares in the last quarter. Meeder Advisory Services Inc. boosted its position in Wabtec by 1.6% during the first quarter. Meeder Advisory Services Inc. now owns 2,471 shares of the transportation company’s stock worth $618,000 after purchasing an additional 38 shares in the last quarter. Hilltop Holdings Inc. increased its position in shares of Wabtec by 3.9% in the fourth quarter. Hilltop Holdings Inc. now owns 1,069 shares of the transportation company’s stock valued at $228,000 after buying an additional 40 shares in the last quarter. Apollon Wealth Management LLC boosted its position in shares of Wabtec by 1.6% in the 1st quarter. Apollon Wealth Management LLC now owns 3,081 shares of the transportation company’s stock worth $770,000 after buying an additional 48 shares in the last quarter. Finally, IHT Wealth Management LLC raised its position in Wabtec by 1.0% during the fourth quarter. IHT Wealth Management LLC now owns 4,856 shares of the transportation company’s stock worth $1,037,000 after acquiring an additional 50 shares during the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on WAB shares. Stephens raised their price objective on shares of Wabtec from $320.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Wells Fargo & Company upped their target price on Wabtec from $284.00 to $315.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. increased 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. Wolfe Research reissued an “outperform” rating and set a $303.00 price target on shares of Wabtec in a research report on Thursday, April 23rd. Finally, Citigroup upped their price objective on Wabtec from $311.00 to $341.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $313.36.

Wabtec Trading Down 1.8%

Shares of WAB stock opened at $295.34 on Wednesday. The firm’s 50-day simple moving average is $278.22 and its 200-day simple moving average is $263.70. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 0.59. Wabtec has a 1-year low of $184.26 and a 1-year high of $306.64. The firm has a market cap of $49.89 billion, a P/E ratio of 39.70, a PEG ratio of 2.03 and a beta of 0.93.

Wabtec (NYSE:WAB) last issued its earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.60 by $0.16. The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.07 billion. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.The business’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period last year, the company posted $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. As a group, equities analysts forecast that Wabtec will post 10.86 EPS for the current year.

Wabtec Announces Dividend

The firm 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 of this dividend is Tuesday, August 18th. Wabtec’s payout ratio is currently 16.67%.

Insider Activity at Wabtec

In related news, insider Sameer Gaur sold 1,082 shares of Wabtec stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $263.50, for a total transaction of $285,107.00. Following the sale, the insider directly owned 11,985 shares of the company’s stock, valued at $3,158,047.50. This trade represents a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Eric Gebhardt sold 7,100 shares of the business’s stock in a transaction on 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 directly owned 19,153 shares in the company, valued at $5,731,918.31. This trade represents a 27.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 17,786 shares of company stock valued at $5,160,577. 0.57% of the stock is owned by corporate insiders.

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.