TD Waterhouse Canada Inc. decreased its position in shares of Wabtec (NYSE:WAB – Free Report) by 25.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,699 shares of the transportation company’s stock after selling 30,237 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Wabtec were worth $23,692,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Whipplewood Advisors LLC bought a new position in Wabtec in the 1st quarter valued at about $25,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Wabtec by 125.9% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock worth $28,000 after acquiring an additional 73 shares during the period. Manchester Capital Management LLC lifted its holdings in shares of Wabtec by 122.0% during the 4th quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock worth $28,000 after acquiring an additional 72 shares during the period. McMillan Office Inc. acquired a new stake in shares of Wabtec during the 4th quarter worth approximately $31,000. Finally, Reflection Asset Management bought a new position in Wabtec in the fourth quarter valued at approximately $35,000. Institutional investors own 91.69% of the company’s stock.
Wall Street Analyst Weigh In
WAB has been the subject of several research analyst reports. Susquehanna boosted their price objective on shares of Wabtec from $305.00 to $340.00 and gave the company a “positive” rating in a research report on Thursday, July 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a report on Friday, July 17th. Wall Street Zen lowered Wabtec from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. KeyCorp boosted their price target on Wabtec from $308.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Finally, 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. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $313.36.
Wabtec Price Performance
Shares of WAB opened at $297.93 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. The stock has a market cap of $50.32 billion, a PE ratio of 40.04, a PEG ratio of 2.00 and a beta of 0.93. Wabtec has a 12-month low of $184.26 and a 12-month high of $306.64. The business has a 50-day simple moving average of $276.02 and a two-hundred day simple moving average of $262.26.
Wabtec (NYSE:WAB – Get Free Report) last announced 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 return on equity of 15.10% and a net margin of 10.59%.The business’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period last year, the firm posted $2.27 earnings per share. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Analysts anticipate that Wabtec will post 10.86 earnings per share for the current fiscal year.
Wabtec Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Tuesday, August 18th. Wabtec’s dividend payout ratio (DPR) is 16.67%.
Insider Buying and Selling at Wabtec
In other Wabtec news, CTO Eric Gebhardt sold 7,100 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $299.27, for a total transaction of $2,124,817.00. Following the sale, the chief technology officer directly owned 19,153 shares of the company’s stock, valued at $5,731,918.31. The trade was a 27.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Sameer Gaur sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $300.64, for a total transaction of $300,640.00. Following the completion of the transaction, the insider owned 10,985 shares of the company’s stock, valued at approximately $3,302,530.40. This trade represents a 8.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 16,834 shares of company stock valued at $4,874,977 in the last quarter. 0.57% of the stock is currently owned by corporate insiders.
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.
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