Jupiter Topco LLC Buys Shares of 309,793 Wabtec $WAB

Jupiter Topco LLC bought a new stake in shares of Wabtec (NYSE:WAB) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 309,793 shares of the transportation company’s stock, valued at approximately $83,482,000. Jupiter Topco LLC owned about 0.18% of Wabtec as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Whipplewood Advisors LLC purchased a new stake in shares of Wabtec in the 1st quarter worth approximately $25,000. Meeder Asset Management Inc. purchased a new position in Wabtec during the second quarter valued at $26,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Wabtec by 125.9% in the fourth 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. Manchester Capital Management LLC boosted its holdings in Wabtec by 122.0% in the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock worth $28,000 after acquiring an additional 72 shares in the last quarter. Finally, Bell Investment Advisors Inc purchased a new stake in shares of Wabtec in the second quarter worth $29,000. 91.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on WAB shares. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a report on Friday, July 17th. KeyCorp increased their price objective on shares of Wabtec from $308.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Stephens raised their price objective on shares of Wabtec from $320.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Wall Street Zen cut shares of Wabtec from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Finally, Susquehanna upped their target price on shares of Wabtec from $305.00 to $340.00 and gave the stock a “positive” 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $313.36.

Insider Transactions at Wabtec

In other news, CEO Rafael Santana sold 1,163 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $299.04, for a total transaction of $347,783.52. Following the completion of the transaction, the chief executive officer directly owned 120,588 shares of the company’s stock, valued at $36,060,635.52. The trade was a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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, insider Michael Fetsko sold 3,250 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $293.22, for a total transaction of $952,965.00. Following the transaction, the insider owned 37,380 shares in the company, valued at approximately $10,960,563.60. This trade represents a 8.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 21,036 shares of company stock valued at $6,113,542. Company insiders own 0.57% of the company’s stock.

Wabtec Stock Up 1.2%

Wabtec stock opened at $300.63 on Thursday. Wabtec has a 12 month low of $184.26 and a 12 month high of $306.64. The stock has a fifty day simple moving average of $281.85 and a two-hundred day simple moving average of $266.27. The company has a current ratio of 1.12, a quick ratio of 0.59 and a debt-to-equity ratio of 0.44. The firm has a market cap of $50.78 billion, a price-to-earnings ratio of 40.41, a PEG ratio of 2.01 and a beta of 0.93.

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

Wabtec Dividend Announcement

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

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.