Aquatic Capital Management LLC Has $5.77 Million Stake in Wabtec $WAB

Aquatic Capital Management LLC raised its stake in shares of Wabtec (NYSE:WAB) by 19.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 28,781 shares of the transportation company’s stock after purchasing an additional 4,711 shares during the quarter. Aquatic Capital Management LLC’s holdings in Wabtec were worth $5,770,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in WAB. Allworth Financial LP lifted its position in shares of Wabtec by 19.7% in the 2nd quarter. Allworth Financial LP now owns 1,702 shares of the transportation company’s stock worth $356,000 after acquiring an additional 280 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Wabtec by 7.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,970 shares of the transportation company’s stock valued at $8,786,000 after purchasing an additional 2,899 shares during the period. SG Americas Securities LLC raised its stake in shares of Wabtec by 19.4% in the second quarter. SG Americas Securities LLC now owns 15,779 shares of the transportation company’s stock valued at $3,303,000 after purchasing an additional 2,568 shares in the last quarter. Creative Planning raised its stake in shares of Wabtec by 22.8% in the second quarter. Creative Planning now owns 23,709 shares of the transportation company’s stock valued at $4,963,000 after purchasing an additional 4,408 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in Wabtec by 5.9% in the second quarter. Rockefeller Capital Management L.P. now owns 17,652 shares of the transportation company’s stock worth $3,696,000 after purchasing an additional 983 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WAB. Citigroup lifted their price target on shares of Wabtec from $258.00 to $283.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Stephens raised their price objective on shares of Wabtec from $230.00 to $290.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Wells Fargo & Company raised their price objective on shares of Wabtec from $224.00 to $270.00 and gave the stock an “equal weight” rating in a report on Friday, February 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a research note on Wednesday, January 21st. Finally, Susquehanna set a $300.00 price target on shares of Wabtec in a research report on Thursday, February 12th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $269.00.

Wabtec Stock Performance

Wabtec stock opened at $239.32 on Tuesday. The stock has a 50-day simple moving average of $242.81 and a 200 day simple moving average of $216.80. The stock has a market capitalization of $40.81 billion, a price-to-earnings ratio of 35.04, a P/E/G ratio of 1.79 and a beta of 0.99. The company has a quick ratio of 0.57, a current ratio of 1.11 and a debt-to-equity ratio of 0.38. Wabtec has a 12-month low of $151.81 and a 12-month high of $266.27.

Wabtec (NYSE:WAB) last posted its quarterly earnings data on Wednesday, February 11th. The transportation company reported $2.10 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.02. Wabtec had a net margin of 10.48% and a return on equity of 14.12%. The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.86 billion. During the same quarter last year, the company posted $1.68 EPS. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. On average, research analysts anticipate that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were given a $0.31 dividend. This is a boost from Wabtec’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, February 17th. This represents a $1.24 annualized dividend and a yield of 0.5%. Wabtec’s dividend payout ratio is presently 18.16%.

Wabtec declared that its board has initiated a share repurchase plan on Wednesday, February 11th that allows the company to buyback $1.20 billion in outstanding shares. This buyback authorization allows the transportation company to repurchase up to 2.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other news, insider Rogerio Mendonca sold 3,500 shares of the business’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $264.21, for a total transaction of $924,735.00. Following the completion of the sale, the insider owned 10,101 shares in the company, valued at $2,668,785.21. The trade was a 25.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Gina Trombley sold 4,013 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $241.87, for a total value of $970,624.31. Following the transaction, the executive vice president directly owned 13,841 shares in the company, valued at $3,347,722.67. This trade represents a 22.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 33,310 shares of company stock worth $8,541,509. 1.10% 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.