Perigon Wealth Management LLC Makes New Investment in Wabtec $WAB

Posted by Stanley Muller on Aug 19th, 2026

Perigon Wealth Management LLC acquired a new stake in Wabtec (NYSE:WAB – Free Report) during the second quarter, HoldingsChannel reports. The firm acquired 4,414 shares of the transportation company’s stock, valued at approximately $1,190,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Wabtec by 20.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company’s stock worth $1,700,238,000 after buying an additional 1,344,744 shares during the last quarter. State Street Corp increased its position in Wabtec by 2.6% in 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 during the period. Geode Capital Management LLC raised its stake 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 valued at $928,249,000 after acquiring an additional 38,029 shares during the last quarter. Wellington Management Group LLP lifted 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 acquiring an additional 116,329 shares during the period. Finally, Farallon Capital Management LLC lifted its position in Wabtec by 12.3% during the 4th quarter. Farallon Capital Management LLC now owns 2,476,003 shares of the transportation company’s stock worth $528,503,000 after acquiring an additional 270,905 shares during the period. 91.69% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Wabtec

In other Wabtec news, EVP Gregory Sbrocco sold 952 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $300.00, for a total transaction of $285,600.00. Following the transaction, the executive vice president directly owned 21,043 shares in the company, valued at approximately $6,312,900. This represents a 4.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sameer Gaur sold 1,000 shares of the stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $300.64, for a total transaction of $300,640.00. Following the completion of the transaction, the insider directly owned 10,985 shares of the company’s stock, valued at approximately $3,302,530.40. This trade represents a 8.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 17,786 shares of company stock worth $5,160,577. 0.57% of the stock is currently owned by insiders.

Wabtec Price Performance

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

Wabtec (NYSE:WAB – Get Free Report) last issued its earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.60 by $0.16. The business had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.07 billion. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.The company’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Research analysts anticipate that Wabtec will post 10.86 earnings per share 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 given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Tuesday, August 18th. Wabtec’s payout ratio is presently 16.67%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on WAB shares. Wall Street Zen lowered Wabtec from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Stephens increased their price target on Wabtec from $320.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Wells Fargo & Company lifted their price objective on shares of Wabtec from $284.00 to $315.00 and gave the company an “equal weight” rating in a research report on Thursday, July 23rd. KeyCorp boosted their price objective on shares of Wabtec from $308.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Finally, Wolfe Research restated an “outperform” rating and set a $303.00 price objective on shares of Wabtec in a research report on Thursday, April 23rd. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $313.36.

View Our Latest Stock Report on Wabtec

Wabtec Profile

(Free Report)

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.