California State Teachers Retirement System Has $70.45 Million Stake in Wabtec $WAB

California State Teachers Retirement System lowered its position in shares of Wabtec (NYSE:WAB) by 2.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 281,890 shares of the transportation company’s stock after selling 6,069 shares during the period. California State Teachers Retirement System’s holdings in Wabtec were worth $70,447,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Whipplewood Advisors LLC acquired a new position in Wabtec in the 1st quarter valued at $25,000. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Wabtec by 125.9% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 73 shares during the period. Manchester Capital Management LLC boosted its position in shares of Wabtec by 122.0% in the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 72 shares during the period. McMillan Office Inc. acquired a new position in shares of Wabtec in the fourth quarter valued at about $31,000. Finally, Reflection Asset Management bought a new position in Wabtec during the fourth quarter worth about $35,000. 91.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on WAB shares. Stephens lifted their price objective on shares of Wabtec from $320.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a report on Friday, July 17th. Susquehanna lifted their price target 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. Citigroup lowered their price objective on Wabtec from $313.00 to $311.00 and set a “buy” rating on the stock in a research note on Monday, July 13th. Finally, KeyCorp lifted their price objective on Wabtec from $308.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $310.64.

Wabtec Trading Up 0.3%

Shares of WAB opened at $292.52 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. Wabtec has a 52-week low of $184.26 and a 52-week high of $306.64. The firm has a market cap of $49.41 billion, a price-to-earnings ratio of 39.32, a PEG ratio of 1.98 and a beta of 0.94. The business’s fifty day moving average is $269.02 and its 200-day moving average is $257.59.

Wabtec (NYSE:WAB) last announced its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.60 by $0.16. The business had revenue of $3.18 billion during 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%.Wabtec’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Equities analysts anticipate that Wabtec will post 10.86 EPS for the current fiscal year.

Wabtec Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.4%. Wabtec’s dividend payout ratio is 16.67%.

Insider Activity at Wabtec

In related news, 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 directly owned 10,985 shares in the company, valued at $3,302,530.40. This represents a 8.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David L. Deninno sold 3,000 shares of the stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $301.31, for a total transaction of $903,930.00. Following the completion of the transaction, the vice president directly owned 55,128 shares of the company’s stock, valued at approximately $16,610,617.68. The trade was a 5.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 16,834 shares of company stock valued at $4,833,958. 0.57% of the stock is currently owned by company 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.