CIBC Asset Management Inc Has $8.60 Million Stake in Wabtec $WAB

Posted by George Bondi on Jun 6th, 2026

CIBC Asset Management Inc boosted its position in Wabtec (NYSE:WAB – Free Report) by 67.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 40,279 shares of the transportation company’s stock after purchasing an additional 16,255 shares during the period. CIBC Asset Management Inc’s holdings in Wabtec were worth $8,598,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of WAB. Guggenheim Capital LLC lifted its holdings in Wabtec by 7.4% in the second quarter. Guggenheim Capital LLC now owns 4,938 shares of the transportation company’s stock valued at $1,034,000 after buying an additional 342 shares during the period. Bank of Nova Scotia lifted its holdings in Wabtec by 0.5% in the second quarter. Bank of Nova Scotia now owns 17,890 shares of the transportation company’s stock valued at $3,745,000 after buying an additional 97 shares during the period. Nebula Research & Development LLC lifted its holdings in 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 buying an additional 3,641 shares during the period. Treasurer of the State of North Carolina lifted its holdings in Wabtec by 11.6% in the second 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 during the period. Finally, Ieq Capital LLC lifted its holdings in Wabtec by 19.2% in the second 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 during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Jefferies Financial Group restated a “buy” rating and issued a $290.00 target price (down from $300.00) on shares of Wabtec in a report on Tuesday, March 31st. Wolfe Research reiterated an “outperform” rating and set a $303.00 price objective on shares of Wabtec in a report on Thursday, April 23rd. Citigroup upped their price objective on shares of Wabtec from $283.00 to $292.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Wells Fargo & Company upped their price objective on shares of Wabtec from $270.00 to $284.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Finally, Stephens upped their price objective on shares of Wabtec from $230.00 to $290.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Wabtec has an average rating of “Moderate Buy” and a consensus target price of $289.82.

Get Our Latest Report on WAB

Wabtec Stock Down 0.7%

Wabtec stock opened at $260.77 on Friday. Wabtec has a twelve month low of $184.26 and a twelve month high of $275.84. The firm has a 50 day moving average price of $261.06 and a 200-day moving average price of $241.22. The company has a market capitalization of $44.25 billion, a P/E ratio of 36.88, a P/E/G ratio of 1.88 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.

Wabtec (NYSE:WAB – Get Free Report) last released its earnings results on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.62 by $0.09. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. The firm had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same period in the prior year, the firm earned $2.28 EPS. The company’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, equities analysts predict that Wabtec will post 10.61 EPS for the current year.

Wabtec Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Friday, May 22nd were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, May 22nd. Wabtec’s dividend payout ratio is presently 17.54%.

Wabtec announced that its Board of Directors has approved a share buyback 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 purchase up to 2.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In related news, CEO Rafael Santana sold 1,163 shares of the company’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 transaction of $306,764.51. Following the sale, the chief executive officer directly owned 127,566 shares in the company, valued at approximately $33,648,083.82. This represents a 0.90% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Gina Trombley sold 4,013 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $241.87, for a total transaction of $970,624.31. Following the sale, the executive vice president owned 13,841 shares in the company, valued at $3,347,722.67. The trade was a 22.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 67,191 shares of company stock worth $17,922,608 over the last 90 days. 0.57% of the stock is currently owned by corporate 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.