Wabtec $WAB Stake Boosted by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC boosted its stake in shares of Wabtec (NYSE:WAB) by 79.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 144,820 shares of the transportation company’s stock after buying an additional 64,045 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Wabtec were worth $39,043,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of WAB. Guggenheim Capital LLC increased 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 acquiring an additional 342 shares in the last quarter. Bank of Nova Scotia boosted its stake in Wabtec by 0.5% in the 2nd quarter. Bank of Nova Scotia now owns 17,890 shares of the transportation company’s stock worth $3,745,000 after purchasing an additional 97 shares during the period. Nebula Research & Development LLC grew its position in Wabtec by 208.7% during the 2nd quarter. Nebula Research & Development LLC now owns 5,386 shares of the transportation company’s stock worth $1,128,000 after purchasing an additional 3,641 shares in the last quarter. Treasurer of the State of North Carolina grew its position in Wabtec by 11.6% during the 2nd quarter. Treasurer of the State of North Carolina now owns 92,097 shares of the transportation company’s stock worth $19,281,000 after purchasing an additional 9,545 shares in the last quarter. Finally, Ieq Capital LLC raised its stake in Wabtec by 19.2% during the 2nd quarter. Ieq Capital LLC now owns 30,352 shares of the transportation company’s stock valued at $6,354,000 after purchasing an additional 4,889 shares during the period. 91.69% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Wabtec news, insider Michael Fetsko sold 3,250 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was 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 of the company’s stock, valued at $10,960,563.60. The trade was a 8.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gregory Sbrocco sold 952 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $300.00, for a total value of $285,600.00. Following the transaction, the executive vice president directly owned 21,043 shares in the company, valued at approximately $6,312,900. This represents a 4.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 21,036 shares of company stock worth $6,113,542 in the last 90 days. 0.57% of the stock is owned by corporate insiders.

Wabtec Stock Up 0.0%

Shares of Wabtec stock opened at $292.28 on Monday. The firm has a market cap of $49.37 billion, a price-to-earnings ratio of 39.28, a P/E/G ratio of 1.98 and a beta of 0.93. The stock has a 50-day simple moving average of $282.66 and a 200-day simple moving average of $266.96. Wabtec has a 52-week low of $184.26 and a 52-week high of $306.64. 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 for the quarter, beating the consensus estimate of $2.60 by $0.16. The firm 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 company’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.27 earnings per share. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. On average, equities research analysts expect that Wabtec will post 10.86 earnings per share for the current fiscal year.

Wabtec Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be issued a dividend of $0.31 per share. 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 dividend payout ratio (DPR) is currently 16.67%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Morgan Stanley raised their target price on Wabtec from $318.00 to $355.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Susquehanna upped their target price on Wabtec from $305.00 to $340.00 and gave the company a “positive” rating in a report on Thursday, July 23rd. Stephens increased their target price on shares of Wabtec from $320.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Wall Street Zen lowered shares of Wabtec from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Finally, Wells Fargo & Company upped their price target on shares of Wabtec from $284.00 to $315.00 and gave the stock 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’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $313.36.

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.