Wabtec $WAB Shares Sold by Legal & General Group Plc

Posted by Geri Gentry on May 28th, 2026

Legal & General Group Plc lowered its position in shares of Wabtec (NYSE:WAB – Free Report) by 13.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,069,901 shares of the transportation company’s stock after selling 160,159 shares during the quarter. Legal & General Group Plc’s holdings in Wabtec were worth $228,370,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP raised its stake in Wabtec by 3.6% during the third quarter. Wellington Management Group LLP now owns 3,304,183 shares of the transportation company’s stock valued at $662,390,000 after buying an additional 116,329 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Wabtec by 55.5% during the 4th quarter. Nordea Investment Management AB now owns 3,069,340 shares of the transportation company’s stock worth $659,939,000 after purchasing an additional 1,095,083 shares during the period. Boston Partners raised its position in shares of Wabtec by 1.9% during the 3rd quarter. Boston Partners now owns 2,304,832 shares of the transportation company’s stock worth $462,057,000 after purchasing an additional 43,376 shares during the period. Farallon Capital Management LLC raised its position in shares of Wabtec by 68.6% during the 3rd quarter. Farallon Capital Management LLC now owns 2,205,098 shares of the transportation company’s stock worth $442,056,000 after purchasing an additional 896,900 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Wabtec by 1.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,718,241 shares of the transportation company’s stock worth $344,405,000 after purchasing an additional 19,952 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wabtec Stock Down 0.1%

WAB opened at $261.12 on Thursday. Wabtec has a 12 month low of $184.26 and a 12 month high of $275.84. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.02 and a quick ratio of 0.54. The stock has a market cap of $44.31 billion, a P/E ratio of 36.93, a P/E/G ratio of 1.87 and a beta of 0.97. The stock’s 50 day moving average price is $258.15 and its 200 day moving average price is $238.77.

Wabtec (NYSE:WAB – Get Free Report) last posted its earnings results on Wednesday, April 22nd. The transportation company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.62 by $0.09. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same period last year, the firm earned $2.28 EPS. The firm’s revenue was up 13.0% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. As a group, research analysts predict that Wabtec will post 10.61 earnings per share for the current year.

Wabtec Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Friday, May 22nd will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, May 22nd. Wabtec’s dividend payout ratio (DPR) is currently 17.54%.

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on WAB shares. Wells Fargo & Company increased their price target on Wabtec from $270.00 to $284.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. KeyCorp increased their price target on Wabtec from $240.00 to $308.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Morgan Stanley reiterated an “overweight” rating and set a $318.00 price target on shares of Wabtec in a research report on Monday, April 27th. Susquehanna reiterated a “positive” rating and set a $305.00 price target on shares of Wabtec in a research report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. dropped their price target on Wabtec from $290.00 to $280.00 and set a “neutral” rating on the stock in a research report on Friday, April 10th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $289.82.

Read Our Latest Analysis on Wabtec

Insider Activity at Wabtec

In related news, EVP Gina Trombley sold 4,013 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $241.87, for a total value of $970,624.31. Following the sale, 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rafael Santana sold 1,163 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $263.77, for a total value of $306,764.51. Following the completion of the sale, the chief executive officer owned 127,566 shares in the company, valued at approximately $33,648,083.82. This represents a 0.90% decrease in their ownership of the stock. 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. Over the last 90 days, insiders sold 67,191 shares of company stock worth $17,922,608. 0.57% of the stock is owned by insiders.

Wabtec Company Profile

(Free Report)

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.