Diversify Advisory Services LLC Makes New $610,000 Investment in Wabtec $WAB

Diversify Advisory Services LLC acquired a new position in shares of Wabtec (NYSE:WAB) in the 2nd quarter, Holdings Channel reports. The fund acquired 2,263 shares of the transportation company’s stock, valued at approximately $610,000.

Several other large investors also recently bought and sold shares of the stock. Whipplewood Advisors LLC purchased a new stake in shares of Wabtec in the 1st quarter valued at about $25,000. Meeder Asset Management Inc. purchased a new position in Wabtec during the 2nd quarter worth approximately $26,000. Clal Insurance Enterprises Holdings Ltd grew its stake in Wabtec by 125.9% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock worth $28,000 after buying an additional 73 shares during the last quarter. Manchester Capital Management LLC increased its position in Wabtec by 122.0% during the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock worth $28,000 after buying an additional 72 shares during the period. Finally, Bell Investment Advisors Inc acquired a new position in Wabtec during the second quarter worth approximately $29,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price objective on Wabtec from $300.00 to $315.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. KeyCorp lifted their target price on shares of Wabtec from $308.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Morgan Stanley upped their price target on shares of Wabtec from $318.00 to $355.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Stephens increased their price target on shares of Wabtec from $320.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Finally, Citigroup raised their price objective on shares of Wabtec from $311.00 to $341.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $313.36.

Insider Activity at Wabtec

In other Wabtec news, VP David L. Deninno sold 3,000 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president owned 55,128 shares in the company, valued at approximately $16,610,617.68. The trade was a 5.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Rafael Santana sold 1,163 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $261.06, for a total value of $303,612.78. Following the completion of the sale, the chief executive officer directly owned 124,077 shares of the company’s stock, valued at $32,391,541.62. This represents a 0.93% decrease in their ownership of the stock. 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 a total of 17,786 shares of company stock worth $5,160,577 in the last three months. 0.57% of the stock is currently owned by corporate insiders.

Wabtec Stock Up 0.1%

WAB stock opened at $292.62 on Friday. The stock has a market capitalization of $49.43 billion, a PE ratio of 39.33, a price-to-earnings-growth ratio of 1.98 and a beta of 0.93. The company has a fifty day moving average of $279.54 and a 200-day moving average of $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 has a one year low of $184.26 and a one year high of $306.64.

Wabtec (NYSE:WAB) last issued its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.60 by $0.16. The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.07 billion. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The business’s revenue was up 17.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.27 earnings per share. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. As a group, analysts expect that Wabtec will post 10.86 EPS for the current year.

Wabtec Announces Dividend

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

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.