SG Americas Securities LLC Buys 53,819 Shares of Wabtec $WAB

SG Americas Securities LLC raised its stake in shares of Wabtec (NYSE:WAB) by 35.3% during the first quarter, HoldingsChannel reports. The firm owned 206,116 shares of the transportation company’s stock after buying an additional 53,819 shares during the quarter. SG Americas Securities LLC’s holdings in Wabtec were worth $51,510,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Guggenheim Capital LLC lifted its stake in shares of Wabtec by 7.4% in the 2nd quarter. Guggenheim Capital LLC now owns 4,938 shares of the transportation company’s stock valued at $1,034,000 after purchasing an additional 342 shares during the last quarter. Bank of Nova Scotia increased its position in shares of Wabtec by 0.5% during the 2nd quarter. Bank of Nova Scotia now owns 17,890 shares of the transportation company’s stock valued at $3,745,000 after purchasing an additional 97 shares during the last quarter. Nebula Research & Development LLC raised its holdings in Wabtec by 208.7% during the 2nd quarter. Nebula Research & Development LLC now owns 5,386 shares of the transportation company’s stock valued at $1,128,000 after buying an additional 3,641 shares during the period. Treasurer of the State of North Carolina raised its holdings 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 valued at $19,281,000 after buying an additional 9,545 shares during the period. Finally, Ieq Capital LLC lifted its position in Wabtec by 19.2% in the second quarter. Ieq Capital LLC now owns 30,352 shares of the transportation company’s stock worth $6,354,000 after buying an additional 4,889 shares during the last quarter. 91.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $318.00 price objective on shares of Wabtec in a research note on Monday, April 27th. Wells Fargo & Company raised their target price on shares of Wabtec from $270.00 to $284.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. JPMorgan Chase & Co. dropped their price target on shares of Wabtec from $290.00 to $280.00 and set a “neutral” rating for the company in a research note on Friday, April 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a report on Monday, April 20th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $290.00 price objective (down from $300.00) on shares of Wabtec in a research report on Tuesday, March 31st. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $289.82.

Wabtec Trading Up 1.1%

NYSE:WAB opened at $276.80 on Tuesday. Wabtec has a one year low of $184.26 and a one year high of $278.98. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.54 and a current ratio of 1.02. The firm has a market cap of $46.97 billion, a P/E ratio of 39.15, a P/E/G ratio of 1.96 and a beta of 0.94. The firm has a 50-day simple moving average of $264.23 and a 200-day simple moving average of $246.50.

Wabtec (NYSE:WAB) last released its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.62 by $0.09. The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $3.08 billion. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. The company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the firm earned $2.28 earnings per share. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. Equities analysts anticipate that Wabtec will post 10.61 EPS for the current fiscal year.

Wabtec Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Friday, May 22nd were issued a dividend of $0.31 per share. The ex-dividend date was Friday, May 22nd. This represents a $1.24 dividend on an annualized basis and a yield of 0.4%. Wabtec’s dividend payout ratio is currently 17.54%.

Insiders Place Their Bets

In other Wabtec news, CEO Rafael Santana sold 1,163 shares of the stock in a transaction 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 sale, the chief executive officer owned 124,077 shares of the company’s stock, valued at approximately $32,391,541.62. This trade represents a 0.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sameer Gaur sold 1,082 shares of Wabtec stock in a transaction on Friday, June 12th. The shares were sold at an average price of $263.50, for a total value of $285,107.00. Following the completion of the transaction, the insider owned 11,985 shares in the company, valued at $3,158,047.50. This represents a 8.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 65,423 shares of company stock valued at $17,562,278. 0.57% of the stock is owned by company insiders.

About Wabtec

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.