Wabtec $WAB Shares Acquired by TD Asset Management Inc

TD Asset Management Inc grew its holdings in Wabtec (NYSE:WAB) by 1.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 290,682 shares of the transportation company’s stock after buying an additional 2,954 shares during the period. TD Asset Management Inc owned 0.17% of Wabtec worth $62,046,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of WAB. Guggenheim Capital LLC raised its position in shares of 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 last quarter. Bank of Nova Scotia raised its position 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 valued at $3,745,000 after buying an additional 97 shares during 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 buying an additional 3,641 shares during the last quarter. Treasurer of the State of North Carolina raised its position in shares of 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 last quarter. Finally, Ieq Capital LLC raised its position in shares of 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 last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Wabtec Price Performance

Wabtec stock opened at $260.77 on Friday. Wabtec has a 12-month low of $184.26 and a 12-month high of $275.84. The stock has a market cap of $44.25 billion, a P/E ratio of 36.88, a PEG ratio of 1.88 and a beta of 0.94. The company has a 50-day moving average price of $261.06 and a 200 day moving average price of $241.22. The company has a current ratio of 1.02, a quick ratio of 0.54 and a debt-to-equity ratio of 0.42.

Wabtec (NYSE:WAB) last released its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.09. The firm had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. Wabtec’s revenue was up 13.0% compared to the same quarter last year. During the same period last year, the business earned $2.28 earnings per share. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. Sell-side analysts anticipate that Wabtec will post 10.61 earnings per share for the current year.

Wabtec Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Friday, May 22nd were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, May 22nd. Wabtec’s dividend payout ratio (DPR) is 17.54%.

Wabtec declared that its Board of Directors has authorized a stock buyback program on Wednesday, February 11th that authorizes the company to buyback $1.20 billion in shares. This buyback authorization authorizes the transportation company to reacquire up to 2.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several research firms recently issued reports on WAB. Rothschild & Co Redburn upgraded shares of Wabtec from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $262.00 to $285.00 in a research report on Thursday, March 26th. Morgan Stanley restated an “overweight” rating and set a $318.00 price objective on shares of Wabtec in a research report on Monday, April 27th. Wolfe Research restated an “outperform” rating and set a $303.00 price objective on shares of Wabtec in a research report on Thursday, April 23rd. Jefferies Financial Group restated a “buy” rating and set a $290.00 price objective (down from $300.00) on shares of Wabtec in a research report on Tuesday, March 31st. Finally, Susquehanna restated a “positive” rating and set a $305.00 price objective on shares of Wabtec in a research report on Thursday, April 23rd. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $289.82.

Insider Activity

In other Wabtec news, CEO Rafael Santana sold 60,852 shares of the stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $268.89, for a total transaction of $16,362,494.28. Following the completion of the transaction, the chief executive officer owned 128,729 shares of the company’s stock, valued at $34,613,940.81. This trade represents a 32.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Gina Trombley sold 4,013 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $241.87, for a total transaction of $970,624.31. Following the transaction, the executive vice president directly owned 13,841 shares of the company’s stock, valued at approximately $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 ninety days, insiders have sold 67,191 shares of company stock valued at $17,922,608. 0.57% of the stock is currently owned by 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.