Plato Investment Management Ltd Takes $1.94 Million Position in Wabtec $WAB

Plato Investment Management Ltd acquired a new stake in Wabtec (NYSE:WAB) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 7,218 shares of the transportation company’s stock, valued at approximately $1,935,000.

Several other hedge funds have also recently bought and sold shares of WAB. Guggenheim Capital LLC lifted 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 worth $1,034,000 after buying an additional 342 shares during the last quarter. Bank of Nova Scotia increased its holdings 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 valued at $3,745,000 after acquiring an additional 97 shares during the last quarter. Nebula Research & Development LLC increased its holdings 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 valued at $1,128,000 after acquiring an additional 3,641 shares during the last quarter. Treasurer of the State of North Carolina raised its stake in shares of Wabtec by 11.6% in the 2nd quarter. Treasurer of the State of North Carolina now owns 92,097 shares of the transportation company’s stock valued at $19,281,000 after acquiring an additional 9,545 shares in the last quarter. Finally, Ieq Capital LLC lifted its holdings in Wabtec by 19.2% in the 2nd quarter. Ieq Capital LLC now owns 30,352 shares of the transportation company’s stock worth $6,354,000 after purchasing an additional 4,889 shares during the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Wabtec Stock Performance

WAB opened at $301.19 on Tuesday. 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 stock’s 50 day moving average price is $277.63 and its two-hundred day moving average price is $263.23. The firm has a market capitalization of $50.87 billion, a P/E ratio of 40.48, a price-to-earnings-growth ratio of 2.03 and a beta of 0.93. Wabtec has a 12-month low of $184.26 and a 12-month high of $306.64.

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

Wabtec Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be issued 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 dividend payout ratio is 16.67%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Citigroup increased their price target on Wabtec from $311.00 to $341.00 and gave the company a “buy” rating in a report on Thursday. KeyCorp boosted their price objective on shares of Wabtec from $308.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Wells Fargo & Company upped their price objective 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. Susquehanna raised their target price on shares of Wabtec from $305.00 to $340.00 and gave the company a “positive” rating in a research note on Thursday, July 23rd. Finally, Wolfe Research reissued an “outperform” rating and set a $303.00 target price on shares of Wabtec in a research report on Thursday, April 23rd. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $313.36.

Insider Activity at Wabtec

In other Wabtec news, VP David L. Deninno sold 3,000 shares of the firm’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $301.31, for a total value of $903,930.00. Following the sale, the vice president directly owned 55,128 shares in the company, 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 the SEC website. Also, insider Sameer Gaur sold 1,000 shares of the business’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $300.64, for a total transaction of $300,640.00. Following the transaction, the insider owned 10,985 shares in the company, valued at approximately $3,302,530.40. The trade was a 8.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 16,834 shares of company stock valued at $4,874,977 in the last quarter. Company insiders own 0.57% of the company’s stock.

Wabtec Company 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.