Two Sigma Securities LLC Invests $540,000 in Wabtec $WAB

Two Sigma Securities LLC acquired a new position in shares of Wabtec (NYSE:WAB) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,004 shares of the transportation company’s stock, valued at approximately $540,000.

Several other institutional investors have also added to or reduced their stakes in WAB. Welch & Forbes LLC boosted its stake in Wabtec by 1.8% in the 2nd quarter. Welch & Forbes LLC now owns 2,050 shares of the transportation company’s stock worth $553,000 after purchasing an additional 36 shares during the period. Meeder Advisory Services Inc. lifted its holdings in shares of Wabtec by 1.6% in the first quarter. Meeder Advisory Services Inc. now owns 2,471 shares of the transportation company’s stock valued at $618,000 after purchasing an additional 38 shares in the last quarter. Hilltop Holdings Inc. lifted its holdings in shares of Wabtec by 3.9% in the fourth quarter. Hilltop Holdings Inc. now owns 1,069 shares of the transportation company’s stock valued at $228,000 after purchasing an additional 40 shares in the last quarter. L2 Asset Management LLC boosted its position in shares of Wabtec by 5.0% during the second quarter. L2 Asset Management LLC now owns 960 shares of the transportation company’s stock worth $259,000 after buying an additional 46 shares during the period. Finally, Apollon Wealth Management LLC grew its holdings in shares of Wabtec by 1.6% during the first quarter. Apollon Wealth Management LLC now owns 3,081 shares of the transportation company’s stock worth $770,000 after buying an additional 48 shares in the last quarter. 91.69% of the stock is owned by institutional investors.

Wabtec Price Performance

NYSE:WAB opened at $279.95 on Thursday. The stock has a market capitalization of $47.29 billion, a PE ratio of 37.63, a P/E/G ratio of 1.89 and a beta of 0.92. Wabtec has a 1-year low of $184.26 and a 1-year high of $306.64. The firm has a fifty day simple moving average of $283.17 and a 200 day simple moving average of $267.61. 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 (NYSE:WAB) last announced its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $2.76 EPS for the quarter, beating analysts’ consensus estimates of $2.60 by $0.16. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The firm had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter last year, the company posted $2.27 earnings per share. The company’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, research analysts expect that Wabtec will post 10.86 EPS for the current fiscal year.

Wabtec Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 0.4%. The ex-dividend date was Tuesday, August 18th. Wabtec’s dividend payout ratio (DPR) is 16.67%.

Insiders Place Their Bets

In related news, CTO Eric Gebhardt sold 7,100 shares of Wabtec stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $299.27, for a total transaction of $2,124,817.00. Following the completion of the transaction, the chief technology officer owned 19,153 shares in the company, valued at approximately $5,731,918.31. This trade represents a 27.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael Fetsko sold 3,250 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $293.22, for a total value of $952,965.00. Following the completion of the sale, the insider owned 37,380 shares in the company, valued at $10,960,563.60. This represents a 8.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 21,036 shares of company stock worth $6,113,542 in the last three months. Insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on WAB. KeyCorp lifted their target price on Wabtec from $308.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Morgan Stanley lifted their price objective on shares of Wabtec from $318.00 to $355.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a report on Friday, July 17th. Citigroup raised their target price on shares of Wabtec from $311.00 to $341.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Finally, Wells Fargo & Company lifted their price target on shares of Wabtec from $284.00 to $315.00 and gave the company an “equal weight” rating in a research note 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. According to MarketBeat, Wabtec currently has an average rating of “Moderate Buy” and an average price target of $313.36.

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.