Park Presidio Capital LLC Sells 2,412 Shares of Wabtec $WAB

Park Presidio Capital LLC lowered its position in shares of Wabtec (NYSE:WAB) by 0.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 490,321 shares of the transportation company’s stock after selling 2,412 shares during the period. Wabtec accounts for approximately 7.5% of Park Presidio Capital LLC’s portfolio, making the stock its 6th largest position. Park Presidio Capital LLC owned 0.29% of Wabtec worth $132,191,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new stake in Wabtec during the 2nd quarter worth about $26,000. Whipplewood Advisors LLC acquired a new position in shares of Wabtec during the 1st quarter worth about $25,000. Bell Investment Advisors Inc purchased a new position in shares of Wabtec in the 2nd quarter valued at about $29,000. Fiduciary Financial Advisors purchased a new position in shares of Wabtec in the 2nd quarter valued at about $29,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in shares of 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 acquiring an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on WAB shares. KeyCorp boosted their target price on Wabtec from $308.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Stephens raised their price objective on shares of Wabtec from $320.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Susquehanna boosted their price objective on shares of Wabtec from $305.00 to $340.00 and gave the stock a “positive” rating in a research report on Thursday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a report on Friday, July 17th. Finally, Morgan Stanley increased their target price 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. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $313.36.

Wabtec Stock Performance

Shares of Wabtec stock opened at $297.70 on Tuesday. The firm’s fifty day simple moving average is $280.78 and its 200-day simple moving average is $265.45. Wabtec has a 12 month low of $184.26 and a 12 month high of $306.64. The stock has a market capitalization of $50.29 billion, a price-to-earnings ratio of 40.01, a PEG ratio of 2.02 and a beta of 0.93. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 0.59.

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

Wabtec Dividend Announcement

The business 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 $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 0.4%. The ex-dividend date is Tuesday, August 18th. Wabtec’s payout ratio is 16.67%.

Insider Transactions at Wabtec

In other Wabtec news, CEO Rafael Santana sold 1,163 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $261.06, for a total transaction 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Eric Gebhardt sold 7,100 shares of the stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $299.27, for a total value of $2,124,817.00. Following the sale, the chief technology officer directly owned 19,153 shares of the company’s stock, valued at $5,731,918.31. The trade was a 27.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 21,036 shares of company stock worth $6,113,542 over the last three months. 0.57% of the stock is currently owned by company insiders.

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.