Jones Financial Companies Lllp grew its stake in Wabtec (NYSE:WAB – Free Report) by 6.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,672 shares of the transportation company’s stock after purchasing an additional 2,961 shares during the quarter. Jones Financial Companies Lllp’s holdings in Wabtec were worth $13,388,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of WAB. BlackRock Inc. acquired a new position in Wabtec in the 2nd quarter valued at about $3,741,077,000. Norges Bank acquired a new stake in Wabtec during the fourth quarter worth approximately $409,039,000. Price T Rowe Associates Inc. MD boosted 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 acquiring an additional 1,344,744 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Wabtec during the second quarter worth approximately $212,692,000. Finally, Deutsche Bank AG acquired a new stake in Wabtec during the 2nd quarter worth approximately $207,228,000. Institutional investors own 91.69% of the company’s stock.
Insider Activity
In related news, CTO Eric Gebhardt sold 7,100 shares of the 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 transaction, the chief technology officer directly owned 19,153 shares of the company’s stock, valued at $5,731,918.31. This represents a 27.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sameer Gaur sold 1,082 shares of Wabtec stock in a transaction on Friday, June 12th. The shares were sold at an average price of $263.50, for a total transaction of $285,107.00. Following the completion of the sale, the insider directly owned 11,985 shares of the company’s stock, valued at approximately $3,158,047.50. This trade represents a 8.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 21,036 shares of company stock worth $6,113,542. Company insiders own 0.57% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Research Report on Wabtec
Wabtec Stock Performance
Wabtec stock opened at $297.70 on Tuesday. Wabtec has a 12-month low of $184.26 and a 12-month high of $306.64. The stock has a market cap of $50.29 billion, a PE ratio of 40.01, a P/E/G ratio of 2.02 and a beta of 0.93. The company has a quick ratio of 0.59, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. The business’s 50-day moving average price is $280.78 and its two-hundred day moving average price is $265.45.
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 analysts’ expectations of $3.07 billion. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. As a group, analysts expect that Wabtec will post 10.86 earnings per share for the current fiscal year.
Wabtec Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be given a dividend of $0.31 per share. The ex-dividend date is Tuesday, August 18th. This represents a $1.24 annualized dividend and a dividend yield of 0.4%. Wabtec’s dividend payout ratio is presently 16.67%.
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.
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