California Public Employees Retirement System Sells 3,375 Shares of Wabtec $WAB

California Public Employees Retirement System lessened its stake in Wabtec (NYSE:WAB) by 0.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 367,673 shares of the transportation company’s stock after selling 3,375 shares during the quarter. California Public Employees Retirement System owned approximately 0.22% of Wabtec worth $91,885,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of WAB. Guggenheim Capital LLC lifted its holdings in Wabtec by 7.4% during the second 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 stake in shares of Wabtec by 0.5% in the second 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 in the last quarter. Nebula Research & Development LLC raised its position in shares of Wabtec by 208.7% in the second quarter. Nebula Research & Development LLC now owns 5,386 shares of the transportation company’s stock valued at $1,128,000 after purchasing an additional 3,641 shares during the period. Treasurer of the State of North Carolina lifted its stake in shares of 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 in the last quarter. Finally, Ieq Capital LLC lifted its stake in shares of 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 buying an additional 4,889 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Stephens upgraded shares of Wabtec to a “strong-buy” rating in a research note on Wednesday, July 8th. Wells Fargo & Company increased their target price on Wabtec from $270.00 to $284.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. JPMorgan Chase & Co. raised their price target on Wabtec from $290.00 to $300.00 and gave the stock a “neutral” rating in a report on Monday, July 13th. Rothschild & Co Redburn upgraded Wabtec from a “neutral” rating to a “buy” rating and lifted their price target for the company from $262.00 to $285.00 in a research report on Thursday, March 26th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $318.00 target price on shares of Wabtec in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Wabtec currently has a consensus rating of “Moderate Buy” and an average price target of $293.36.

Insider Transactions at Wabtec

In other news, insider Sameer Gaur sold 1,082 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $263.50, for a total transaction of $285,107.00. Following the transaction, the insider directly owned 11,985 shares of the company’s stock, valued at approximately $3,158,047.50. This trade represents a 8.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rafael Santana sold 1,163 shares of Wabtec stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $262.07, for a total value of $304,787.41. Following the completion of the transaction, the chief executive officer owned 122,914 shares in the company, valued at approximately $32,212,071.98. This represents a 0.94% 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 5,734 shares of company stock worth $1,504,571 in the last 90 days. Company insiders own 0.57% of the company’s stock.

Wabtec Price Performance

Shares of NYSE WAB opened at $261.85 on Monday. The firm has a market capitalization of $44.43 billion, a P/E ratio of 37.04, a P/E/G ratio of 1.87 and a beta of 0.94. The company has a quick ratio of 0.54, a current ratio of 1.02 and a debt-to-equity ratio of 0.42. The stock’s 50-day simple moving average is $264.30 and its two-hundred day simple moving average is $253.08. Wabtec has a twelve month low of $184.26 and a twelve month high of $284.91.

Wabtec (NYSE:WAB) last released its quarterly earnings results on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.09. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $3.08 billion. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The company’s revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.28 EPS. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. As a group, equities analysts anticipate that Wabtec will post 10.64 EPS for the current fiscal year.

Wabtec Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, August 18th. Wabtec’s dividend payout ratio is currently 17.54%.

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.