Czech National Bank Buys 1,857 Shares of Wabtec $WAB

Czech National Bank increased its position in shares of Wabtec (NYSE:WAB) by 4.0% during the second quarter, Holdings Channel reports. The institutional investor owned 48,297 shares of the transportation company’s stock after purchasing an additional 1,857 shares during the quarter. Czech National Bank’s holdings in Wabtec were worth $13,021,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in 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 in the last quarter. State Street Corp lifted its holdings in shares of Wabtec by 2.6% during the 4th quarter. State Street Corp now owns 7,658,040 shares of the transportation company’s stock worth $1,634,609,000 after acquiring an additional 197,610 shares during the period. Geode Capital Management LLC boosted its position in shares of 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 in the last quarter. Wellington Management Group LLP increased its stake in Wabtec by 3.6% in the third quarter. Wellington Management Group LLP now owns 3,304,183 shares of the transportation company’s stock valued at $662,390,000 after acquiring an additional 116,329 shares during the period. Finally, Farallon Capital Management LLC increased its stake in Wabtec by 12.3% in the fourth quarter. Farallon Capital Management LLC now owns 2,476,003 shares of the transportation company’s stock valued at $528,503,000 after acquiring an additional 270,905 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Morgan Stanley raised their price target on shares of Wabtec from $318.00 to $355.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Wall Street Zen cut Wabtec from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Wolfe Research restated an “outperform” rating and set a $303.00 target price on shares of Wabtec in a research report on Thursday, April 23rd. Stephens boosted their price target on Wabtec from $320.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Finally, 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. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $310.64.

Wabtec Trading Down 1.0%

Shares of WAB stock opened at $292.29 on Friday. The company has a market capitalization of $49.37 billion, a P/E ratio of 39.29, a P/E/G ratio of 1.98 and a beta of 0.93. Wabtec has a 12-month low of $184.26 and a 12-month high of $306.64. 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 firm has a 50-day moving average price of $273.24 and a 200 day moving average price of $260.21.

Wabtec (NYSE:WAB) 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. The firm had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.07 billion. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.27 earnings per share. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Research analysts forecast that Wabtec will post 10.86 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.4%. Wabtec’s dividend payout ratio is 16.67%.

Insiders Place Their Bets

In related news, VP David L. Deninno sold 3,000 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $301.31, for a total transaction of $903,930.00. Following the completion of the sale, the vice president directly owned 55,128 shares of the company’s stock, valued at $16,610,617.68. This trade represents a 5.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Rafael Santana sold 1,163 shares of Wabtec stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $299.04, for a total value of $347,783.52. Following the completion of the transaction, the chief executive officer owned 120,588 shares of the company’s stock, valued at approximately $36,060,635.52. The trade was a 0.96% 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 16,834 shares of company stock valued at $4,874,977 in the last 90 days. 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.