Rakuten Investment Management Inc. Boosts Stock Position in Wabtec $WAB

Rakuten Investment Management Inc. raised its holdings in Wabtec (NYSE:WAB) by 9.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,781 shares of the transportation company’s stock after purchasing an additional 2,453 shares during the period. Rakuten Investment Management Inc.’s holdings in Wabtec were worth $7,454,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. raised its stake in shares of Wabtec by 5.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 85,485 shares of the transportation company’s stock valued at $18,247,000 after purchasing an additional 4,266 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Wabtec by 24,274.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 323,936 shares of the transportation company’s stock worth $69,144,000 after purchasing an additional 322,607 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Wabtec by 16.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 925,021 shares of the transportation company’s stock valued at $197,446,000 after buying an additional 132,091 shares during the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Wabtec in the fourth quarter valued at about $2,134,000. Finally, Pinnbrook Capital Management LP acquired a new stake in Wabtec during the fourth quarter valued at approximately $7,743,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Wabtec news, insider Michael Fetsko sold 3,250 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $293.22, for a total transaction of $952,965.00. Following the sale, the insider directly owned 37,380 shares in the company, valued at approximately $10,960,563.60. The trade was a 8.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rafael Santana sold 1,163 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was 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 directly owned 124,077 shares of the company’s stock, valued at approximately $32,391,541.62. This represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 21,036 shares of company stock worth $6,113,542 in the last 90 days. 0.57% of the stock is currently owned by corporate insiders.

Wabtec Stock Down 1.7%

Shares of Wabtec stock opened at $292.28 on Friday. 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 business’s fifty day moving average price is $282.66 and its two-hundred day moving average price is $266.81. The company has a market capitalization of $49.37 billion, a P/E ratio of 39.28, a PEG ratio of 1.98 and a beta of 0.93.

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

Wabtec Announces Dividend

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

Analyst Upgrades and Downgrades

WAB has been the topic of a number of research analyst reports. KeyCorp increased their target price on Wabtec from $308.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. upped their price target on Wabtec from $300.00 to $315.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Stephens raised their price objective on Wabtec from $320.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a report on Friday, July 17th. Finally, Wall Street Zen lowered shares of Wabtec from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $313.36.

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.