Plato Investment Management Ltd Buys New Holdings in Wabtec $WAB

Plato Investment Management Ltd bought a new position in Wabtec (NYSE:WAB) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 7,218 shares of the transportation company’s stock, valued at approximately $1,935,000.

Other institutional investors have also recently bought and sold shares of the company. Welch & Forbes LLC raised its stake in shares of Wabtec by 1.8% in the 2nd quarter. Welch & Forbes LLC now owns 2,050 shares of the transportation company’s stock valued at $553,000 after buying an additional 36 shares in the last quarter. Meeder Advisory Services Inc. boosted its position in shares of Wabtec by 1.6% during the 1st quarter. Meeder Advisory Services Inc. now owns 2,471 shares of the transportation company’s stock valued at $618,000 after acquiring an additional 38 shares in the last quarter. Hilltop Holdings Inc. boosted its position in shares of Wabtec by 3.9% during the 4th quarter. Hilltop Holdings Inc. now owns 1,069 shares of the transportation company’s stock valued at $228,000 after acquiring an additional 40 shares in the last quarter. Apollon Wealth Management LLC increased its stake in Wabtec by 1.6% in the first quarter. Apollon Wealth Management LLC now owns 3,081 shares of the transportation company’s stock valued at $770,000 after acquiring an additional 48 shares during the period. Finally, IHT Wealth Management LLC increased its stake in Wabtec by 1.0% in the fourth quarter. IHT Wealth Management LLC now owns 4,856 shares of the transportation company’s stock valued at $1,037,000 after acquiring an additional 50 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wabtec Trading Up 0.7%

Shares of WAB stock opened at $301.19 on Tuesday. Wabtec has a 12-month low of $184.26 and a 12-month high of $306.64. The company has a market capitalization of $50.87 billion, a P/E ratio of 40.48, a P/E/G ratio of 2.03 and a beta of 0.93. The firm has a 50-day moving average price of $277.63 and a 200 day moving average price of $263.23. The company has a quick ratio of 0.59, a current ratio of 1.12 and a debt-to-equity ratio of 0.44.

Wabtec (NYSE:WAB) last released its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $2.76 EPS for the quarter, beating analysts’ consensus estimates 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% compared to the same quarter last year. During the same period in the previous year, the business earned $2.27 earnings per share. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Research analysts forecast that Wabtec will post 10.86 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, August 18th. Wabtec’s payout ratio is presently 16.67%.

Insiders Place Their Bets

In related news, VP David L. Deninno sold 3,000 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $301.31, for a total transaction of $903,930.00. Following the completion of the sale, the vice president directly owned 55,128 shares of the company’s stock, valued at $16,610,617.68. This trade represents a 5.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Rafael Santana sold 1,163 shares of Wabtec stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $299.04, for a total value of $347,783.52. Following the completion of the transaction, the chief executive officer owned 120,588 shares of the company’s stock, valued at approximately $36,060,635.52. The trade was a 0.96% decrease in their position. 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 16,834 shares of company stock valued at $4,874,977 in the last 90 days. Insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Wells Fargo & Company raised 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. JPMorgan Chase & Co. upped their price objective on Wabtec from $300.00 to $315.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Susquehanna increased their target price on Wabtec from $305.00 to $340.00 and gave the stock a “positive” rating in a report on Thursday, July 23rd. Stephens raised their target price on Wabtec from $320.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $303.00 price target on shares of Wabtec in a research note on Thursday, April 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Wabtec presently has an average rating of “Moderate Buy” and an average price target of $313.36.

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.