Quantbot Technologies LP Acquires 4,973 Shares of Wabtec $WAB

Quantbot Technologies LP grew its holdings in shares of Wabtec (NYSE:WABFree Report) by 45.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 15,911 shares of the transportation company’s stock after purchasing an additional 4,973 shares during the period. Quantbot Technologies LP’s holdings in Wabtec were worth $4,290,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Farringdon Capital Ltd. purchased a new stake in shares of Wabtec in the 2nd quarter worth approximately $241,000. Landscape Capital Management L.L.C. purchased a new position in Wabtec during the second quarter valued at $294,000. Korea Investment CORP raised its stake in Wabtec by 13.3% during the second quarter. Korea Investment CORP now owns 72,906 shares of the transportation company’s stock valued at $19,655,000 after buying an additional 8,582 shares during the last quarter. Callan Family Office LLC boosted its holdings in Wabtec by 1.7% in the second quarter. Callan Family Office LLC now owns 7,214 shares of the transportation company’s stock worth $1,945,000 after acquiring an additional 122 shares in the last quarter. Finally, Keebeck Wealth Management boosted its holdings in Wabtec by 36.2% in the second quarter. Keebeck Wealth Management now owns 1,590 shares of the transportation company’s stock worth $429,000 after acquiring an additional 423 shares in the last quarter. 91.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Morgan Stanley increased their target price on Wabtec from $318.00 to $355.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. lifted their price target on Wabtec from $300.00 to $315.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Wall Street Zen cut shares of Wabtec from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a research report on Friday, July 17th. Finally, Wells Fargo & Company lifted their target price on shares of Wabtec from $284.00 to $315.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Wabtec presently has an average rating of “Moderate Buy” and a consensus target price of $313.36.

Read Our Latest Stock Report on Wabtec

Wabtec Stock Performance

Shares of WAB opened at $298.10 on Monday. The business’s fifty day simple moving average is $280.20 and its two-hundred day simple moving average is $265.02. The company has a current ratio of 1.12, a quick ratio of 0.59 and a debt-to-equity ratio of 0.44. Wabtec has a 12 month low of $184.26 and a 12 month high of $306.64. The company has a market cap of $50.35 billion, a price-to-earnings ratio of 40.07, a P/E/G ratio of 2.02 and a beta of 0.93.

Wabtec (NYSE:WABGet Free Report) last posted its earnings results on Wednesday, July 22nd. The transportation company reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.60 by $0.16. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.The business had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same quarter last year, the company earned $2.27 EPS. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. 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 fiscal year.

Wabtec Announces Dividend

The firm 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 $0.31 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.24 dividend on an annualized basis and a yield of 0.4%. Wabtec’s payout ratio is 16.67%.

Insiders Place Their Bets

In other Wabtec news, insider Sameer Gaur sold 1,082 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $263.50, for a total transaction of $285,107.00. Following the transaction, the insider owned 11,985 shares in the company, valued at approximately $3,158,047.50. This represents a 8.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rafael Santana sold 1,163 shares of the firm’s 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 sale, the chief executive officer directly owned 124,077 shares in the company, valued at approximately $32,391,541.62. The trade was a 0.93% decrease in their position. The SEC filing for this sale provides additional information. 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 quarter. Insiders own 0.57% of the company’s stock.

Wabtec Company 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.

See Also

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Institutional Ownership by Quarter for Wabtec (NYSE:WAB)

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