TD Waterhouse Canada Inc. Sells 30,237 Shares of Wabtec $WAB

TD Waterhouse Canada Inc. lowered its stake in Wabtec (NYSE:WAB) by 25.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 89,699 shares of the transportation company’s stock after selling 30,237 shares during the quarter. TD Waterhouse Canada Inc. owned 0.05% of Wabtec worth $23,692,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in WAB. BlackRock Inc. bought a new position in shares of Wabtec during the 2nd quarter valued at $3,741,077,000. Norges Bank bought a new stake in shares of Wabtec in the fourth quarter worth $409,039,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Wabtec by 20.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company’s stock worth $1,700,238,000 after acquiring an additional 1,344,744 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Wabtec in the second quarter worth $212,692,000. Finally, Deutsche Bank AG purchased a new stake in Wabtec during the second quarter valued at $207,228,000. Institutional investors own 91.69% of the company’s stock.

Insider Buying and Selling at Wabtec

In other Wabtec news, insider Michael Fetsko sold 3,250 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $293.22, for a total value of $952,965.00. Following the completion of the transaction, the insider directly owned 37,380 shares in the company, valued at $10,960,563.60. This represents a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Eric Gebhardt sold 7,100 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $299.27, for a total transaction of $2,124,817.00. Following the completion of the sale, the chief technology officer directly owned 19,153 shares of the company’s stock, valued at approximately $5,731,918.31. This trade represents a 27.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 19,873 shares of company stock valued at $5,809,243. 0.57% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Susquehanna increased their target price on Wabtec from $305.00 to $340.00 and gave the company a “positive” rating in a report on Thursday, July 23rd. Wells Fargo & Company boosted their price target on Wabtec from $284.00 to $315.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. Wall Street Zen lowered shares of Wabtec from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Stephens raised their price objective on shares of Wabtec from $320.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Finally, Citigroup boosted their target price on shares of Wabtec from $311.00 to $341.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $313.36.

Wabtec Stock Performance

NYSE:WAB opened at $282.25 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.59 and a current ratio of 1.12. The stock has a 50-day simple moving average of $283.36 and a two-hundred day simple moving average of $267.88. The firm has a market capitalization of $47.67 billion, a PE ratio of 37.94, a P/E/G ratio of 1.90 and a beta of 0.92. Wabtec has a 52-week low of $184.26 and a 52-week high of $306.64.

Wabtec (NYSE:WAB) last posted its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $2.76 EPS for the quarter, topping the consensus estimate of $2.60 by $0.16. The firm had revenue of $3.18 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the company earned $2.27 earnings per share. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Analysts forecast that Wabtec will post 10.86 EPS for the current year.

Wabtec Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $1.24 annualized dividend and a yield of 0.4%. Wabtec’s payout ratio is currently 16.67%.

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.