TD Asset Management Inc Increases Stock Position in Wabtec $WAB

TD Asset Management Inc boosted its stake in shares of Wabtec (NYSE:WAB) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 290,682 shares of the transportation company’s stock after buying an additional 2,954 shares during the quarter. TD Asset Management Inc’s holdings in Wabtec were worth $62,046,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in WAB. Varma Mutual Pension Insurance Co raised its stake in Wabtec by 9.1% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 47,924 shares of the transportation company’s stock valued at $9,607,000 after acquiring an additional 4,000 shares during the period. SG Americas Securities LLC grew its holdings in Wabtec by 809.6% in the 4th quarter. SG Americas Securities LLC now owns 152,297 shares of the transportation company’s stock valued at $32,508,000 after buying an additional 135,553 shares in the last quarter. Alberta Investment Management Corp acquired a new stake in shares of Wabtec during the 3rd quarter worth $842,000. 111 Capital acquired a new stake in shares of Wabtec during the 3rd quarter worth $949,000. Finally, Nordea Investment Management AB grew its holdings 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 in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on WAB shares. Susquehanna reaffirmed a “positive” rating and issued a $305.00 price objective on shares of Wabtec in a research note on Thursday, April 23rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $290.00 price objective (down from $300.00) on shares of Wabtec in a research note on Tuesday, March 31st. JPMorgan Chase & Co. dropped their target price on Wabtec from $290.00 to $280.00 and set a “neutral” rating for the company in a research report on Friday, April 10th. Morgan Stanley reiterated an “overweight” rating and issued a $318.00 target price on shares of Wabtec in a research report on Monday, April 27th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $303.00 target price on shares of Wabtec in a research report on Thursday, April 23rd. 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, Wabtec currently has an average rating of “Moderate Buy” and a consensus target price of $289.82.

Wabtec Price Performance

Shares of WAB opened at $260.77 on Friday. Wabtec has a 1 year low of $184.26 and a 1 year 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 company has a market capitalization of $44.25 billion, a price-to-earnings ratio of 36.88, a price-to-earnings-growth ratio of 1.88 and a beta of 0.94. The business has a 50-day moving average of $261.06 and a 200-day moving average of $241.22.

Wabtec (NYSE:WAB) last issued its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.62 by $0.09. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same period last year, the company earned $2.28 earnings per share. 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, equities research analysts anticipate that Wabtec will post 10.61 earnings per share for the current year.

Wabtec Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Friday, May 22nd were given 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 (DPR) is 17.54%.

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

Insider Transactions at Wabtec

In other news, CEO Rafael Santana sold 60,852 shares of the firm’s stock in a transaction dated Tuesday, April 14th. The stock was 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 directly owned 128,729 shares in the company, 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 legal filing with the Securities & Exchange Commission, 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 firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $241.87, for a total value of $970,624.31. Following the transaction, the executive vice president owned 13,841 shares of the company’s stock, valued at $3,347,722.67. This trade represents a 22.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 67,191 shares of company stock valued at $17,922,608 over the last 90 days. 0.57% of the stock is owned by corporate insiders.

About Wabtec

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.