Meeder Advisory Services Inc. Invests $698,000 in Wabtec $WAB

Meeder Advisory Services Inc. acquired a new stake in Wabtec (NYSE:WAB) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,587 shares of the transportation company’s stock, valued at approximately $698,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WAB. Guggenheim Capital LLC boosted its stake 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 valued at $1,034,000 after buying an additional 342 shares in the last quarter. Bank of Nova Scotia grew its holdings in Wabtec by 0.5% during the second quarter. Bank of Nova Scotia now owns 17,890 shares of the transportation company’s stock worth $3,745,000 after acquiring an additional 97 shares during the period. Nebula Research & Development LLC raised its position in Wabtec by 208.7% in the second quarter. Nebula Research & Development LLC now owns 5,386 shares of the transportation company’s stock worth $1,128,000 after acquiring an additional 3,641 shares in the last quarter. Treasurer of the State of North Carolina lifted its holdings in Wabtec by 11.6% in the second 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 acquiring an additional 9,545 shares during the period. Finally, Ieq Capital LLC lifted its holdings in Wabtec by 19.2% in the second quarter. Ieq Capital LLC now owns 30,352 shares of the transportation company’s stock valued at $6,354,000 after acquiring an additional 4,889 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on WAB shares. Wall Street Zen lowered shares of Wabtec from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Morgan Stanley boosted their price target on Wabtec from $318.00 to $355.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Wolfe Research restated an “outperform” rating and issued a $303.00 price target on shares of Wabtec in a report on Thursday, April 23rd. Wells Fargo & Company raised their price objective on Wabtec from $284.00 to $315.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on Wabtec from $300.00 to $315.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $313.36.

Insider Transactions at Wabtec

In other news, CTO Eric Gebhardt sold 7,100 shares of the stock in a transaction on Friday, July 24th. The shares were sold at an average price of $299.27, for a total value of $2,124,817.00. Following the completion of the sale, the chief technology officer owned 19,153 shares of the company’s stock, valued at $5,731,918.31. This represents a 27.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rafael Santana sold 1,163 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 124,077 shares in the company, valued at $32,391,541.62. This trade 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 valued at $5,160,577 in the last three months. 0.57% of the stock is owned by company insiders.

Wabtec Price Performance

Wabtec stock opened at $292.62 on Friday. The stock has a market capitalization of $49.43 billion, a P/E ratio of 39.33, a P/E/G ratio of 1.98 and a beta of 0.93. Wabtec has a 12-month low of $184.26 and a 12-month 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. The firm’s 50-day moving average is $279.54 and its two-hundred day moving average is $264.56.

Wabtec (NYSE:WAB) last posted 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. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.The business had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter last year, the firm earned $2.27 earnings per share. The business’s 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 earnings per share for the current year.

Wabtec Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be given a dividend of $0.31 per share. 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 dividend payout ratio is 16.67%.

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.