UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Wabtec (NYSE:WAB – Free Report) by 2.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,424,945 shares of the transportation company’s stock after acquiring an additional 33,942 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.84% of Wabtec worth $384,165,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of WAB. Whipplewood Advisors LLC purchased a new position in Wabtec in the 1st quarter worth approximately $25,000. Meeder Asset Management Inc. acquired a new position in shares of Wabtec during the 2nd quarter worth approximately $26,000. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Wabtec by 125.9% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 73 shares in the last quarter. Manchester Capital Management LLC increased its holdings in shares of Wabtec by 122.0% in the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 72 shares during the last quarter. Finally, Bell Investment Advisors Inc acquired a new stake in shares of Wabtec in the second quarter valued at approximately $29,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on WAB shares. Morgan Stanley boosted their price objective on Wabtec from $318.00 to $355.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Citigroup raised their target price on Wabtec from $311.00 to $341.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Wells Fargo & Company raised their target price on Wabtec from $284.00 to $315.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a report on Friday, July 17th. Finally, Wall Street Zen cut shares of Wabtec from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Wabtec currently has an average rating of “Moderate Buy” and a consensus price target of $313.36.
Wabtec Stock Up 0.0%
WAB stock opened at $292.28 on Monday. The firm has a market cap of $49.37 billion, a PE ratio of 39.28, a PEG ratio of 1.98 and a beta of 0.93. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.59 and a current ratio of 1.12. The firm’s 50 day moving average price is $282.66 and its 200-day moving average price is $266.96. Wabtec has a one year low of $184.26 and a one year high of $306.64.
Wabtec (NYSE:WAB – Get Free Report) last issued its quarterly earnings data 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. 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 analyst estimates of $3.07 billion. During the same period in the prior year, the business posted $2.27 earnings per share. The firm’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. On average, equities research analysts anticipate that Wabtec will post 10.86 EPS for the current year.
Wabtec Dividend Announcement
The business also recently disclosed 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. This represents a $1.24 annualized dividend and a yield of 0.4%. The ex-dividend date is Tuesday, August 18th. Wabtec’s payout ratio is 16.67%.
Insider Buying and Selling
In other Wabtec news, CEO Rafael Santana sold 1,163 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $261.06, for a total transaction of $303,612.78. Following the completion of the transaction, the chief executive officer owned 124,077 shares of the company’s stock, valued at $32,391,541.62. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP David L. Deninno sold 3,000 shares of Wabtec stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $301.31, for a total transaction of $903,930.00. Following the sale, the vice president owned 55,128 shares of the company’s stock, valued at approximately $16,610,617.68. This represents a 5.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 21,036 shares of company stock valued at $6,113,542 over the last three months. Company insiders own 0.57% of the company’s stock.
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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