Meeder Advisory Services Inc. Makes New Investment in Wabtec $WAB

Meeder Advisory Services Inc. acquired a new stake in Wabtec (NYSE:WAB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,587 shares of the transportation company’s stock, valued at approximately $698,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Guggenheim Capital LLC grew its position in shares of Wabtec by 7.4% in the second quarter. Guggenheim Capital LLC now owns 4,938 shares of the transportation company’s stock valued at $1,034,000 after purchasing an additional 342 shares during the period. Bank of Nova Scotia raised its position in shares of Wabtec by 0.5% during the 2nd quarter. Bank of Nova Scotia now owns 17,890 shares of the transportation company’s stock worth $3,745,000 after purchasing an additional 97 shares during the last quarter. Nebula Research & Development LLC raised its position in shares of Wabtec by 208.7% during the 2nd quarter. Nebula Research & Development LLC now owns 5,386 shares of the transportation company’s stock worth $1,128,000 after purchasing an additional 3,641 shares during the last quarter. Treasurer of the State of North Carolina raised its position in shares of Wabtec by 11.6% during the 2nd quarter. Treasurer of the State of North Carolina now owns 92,097 shares of the transportation company’s stock worth $19,281,000 after purchasing an additional 9,545 shares during the last quarter. Finally, Ieq Capital LLC lifted its stake in Wabtec by 19.2% in the 2nd quarter. Ieq Capital LLC now owns 30,352 shares of the transportation company’s stock valued at $6,354,000 after buying an additional 4,889 shares in the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a research note on Friday, July 17th. Wolfe Research restated an “outperform” rating and issued a $303.00 target price on shares of Wabtec in a research report on Thursday, April 23rd. Morgan Stanley raised their target price on Wabtec from $318.00 to $355.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Susquehanna lifted their price target on Wabtec from $305.00 to $340.00 and gave the stock a “positive” rating in a research note on Thursday, July 23rd. Finally, KeyCorp boosted their price target on Wabtec from $308.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Wabtec currently has an average rating of “Moderate Buy” and an average price target of $313.36.

Wabtec Stock Up 0.1%

WAB stock opened at $292.62 on Friday. Wabtec has a one year low of $184.26 and a one year high of $306.64. The firm has a market cap of $49.43 billion, a PE ratio of 39.33, a PEG ratio of 1.98 and a beta of 0.93. The firm’s 50 day moving average price is $279.54 and its 200-day moving average price is $264.56. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.59 and a current ratio of 1.12.

Wabtec (NYSE:WAB) last announced its earnings results 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 net margin of 10.59% and a return on equity of 15.10%. The company had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same quarter last year, the firm posted $2.27 earnings per share. Wabtec’s 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. 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. Stockholders of record on Tuesday, August 18th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Tuesday, August 18th. Wabtec’s dividend payout ratio (DPR) is presently 16.67%.

Insiders Place Their Bets

In other news, EVP Gregory Sbrocco sold 952 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $300.00, for a total transaction of $285,600.00. Following the completion of the transaction, the executive vice president directly owned 21,043 shares of the company’s stock, valued at approximately $6,312,900. This represents a 4.33% decrease in their position. The transaction was disclosed in a legal 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 1,082 shares of the stock in a transaction that occurred 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 transaction, the insider owned 11,985 shares in the company, valued at $3,158,047.50. This represents a 8.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 17,786 shares of company stock worth $5,160,577. Corporate 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.