Canada Pension Plan Investment Board Raises Position in Wabtec $WAB

Canada Pension Plan Investment Board lifted its holdings in shares of Wabtec (NYSE:WAB) by 35.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 341,727 shares of the transportation company’s stock after purchasing an additional 89,505 shares during the quarter. Canada Pension Plan Investment Board owned about 0.20% of Wabtec worth $92,130,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in WAB. Nomura Asset Management Co. Ltd. boosted its stake in Wabtec by 5.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 85,485 shares of the transportation company’s stock worth $18,247,000 after buying an additional 4,266 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Wabtec by 24,274.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 323,936 shares of the transportation company’s stock valued at $69,144,000 after acquiring an additional 322,607 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Wabtec by 16.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 925,021 shares of the transportation company’s stock valued at $197,446,000 after acquiring an additional 132,091 shares during the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Wabtec during the 4th quarter worth about $2,134,000. Finally, Pinnbrook Capital Management LP purchased a new position in shares of Wabtec during the 4th quarter worth about $7,743,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Wabtec Stock Performance

NYSE WAB opened at $300.63 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 0.59. Wabtec has a 1-year low of $184.26 and a 1-year high of $306.64. The firm has a market capitalization of $50.78 billion, a P/E ratio of 40.41, a P/E/G ratio of 2.01 and a beta of 0.93. The business’s 50-day simple moving average is $281.85 and its 200-day simple moving average is $266.27.

Wabtec (NYSE:WAB) last posted its earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.60 by $0.16. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The firm had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the prior year, the company earned $2.27 EPS. The company’s revenue was up 17.5% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Equities analysts predict that Wabtec will post 10.86 EPS for the current year.

Wabtec Announces Dividend

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

Insiders Place Their Bets

In related news, VP David L. Deninno sold 3,000 shares of Wabtec stock in a transaction 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 transaction, the vice president owned 55,128 shares in the company, valued at approximately $16,610,617.68. The trade was a 5.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Eric Gebhardt sold 7,100 shares of the company’s 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 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. In the last 90 days, insiders have sold 21,036 shares of company stock worth $6,113,542. 0.57% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Wabtec from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Susquehanna increased their price target on shares of Wabtec from $305.00 to $340.00 and gave the stock a “positive” rating in a research note on Thursday, July 23rd. Citigroup lifted their price target on shares of Wabtec from $311.00 to $341.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Wells Fargo & Company boosted their price objective on shares of Wabtec from $284.00 to $315.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a report on Friday, July 17th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $313.36.

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.