Wabtec $WAB Position Boosted by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund increased its position in Wabtec (NYSE:WAB) by 58.5% in the first quarter, Holdings Channel reports. The firm owned 10,713 shares of the transportation company’s stock after purchasing an additional 3,955 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Wabtec were worth $2,677,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Whipplewood Advisors LLC acquired a new stake in Wabtec during the first quarter valued at approximately $25,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Wabtec by 125.9% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock worth $28,000 after buying an additional 73 shares during the last quarter. Manchester Capital Management LLC grew its position in shares of Wabtec by 122.0% in the 4th quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock worth $28,000 after acquiring an additional 72 shares in the last quarter. McMillan Office Inc. acquired a new position in shares of Wabtec in the 4th quarter worth approximately $31,000. Finally, Reflection Asset Management bought a new stake in shares of Wabtec in the 4th quarter valued at approximately $35,000. 91.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on WAB. Citigroup dropped their price target on Wabtec from $313.00 to $311.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. Stephens lifted 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. Morgan Stanley lifted their price objective on shares of Wabtec from $318.00 to $355.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Wall Street Zen upgraded shares of Wabtec from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Finally, Wells Fargo & Company increased their target price on shares of Wabtec from $284.00 to $315.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Wabtec presently has a consensus rating of “Moderate Buy” and an average price target of $310.64.

Insider Buying and Selling

In other Wabtec news, insider Sameer Gaur sold 1,000 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $300.64, for a total value of $300,640.00. Following the sale, the insider directly owned 10,985 shares of the company’s stock, valued at $3,302,530.40. This trade represents a 8.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Eric Gebhardt sold 7,100 shares of the firm’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $299.27, for a total value of $2,124,817.00. Following the completion of the sale, the chief technology officer owned 19,153 shares in the company, valued at $5,731,918.31. The trade was a 27.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 16,834 shares of company stock valued at $4,833,958 over the last three months. Corporate insiders own 0.57% of the company’s stock.

Wabtec Stock Down 0.2%

NYSE:WAB opened at $291.74 on Friday. The firm has a market capitalization of $49.28 billion, a PE ratio of 39.21, a price-to-earnings-growth ratio of 1.98 and a beta of 0.94. The stock has a 50 day moving average of $269.72 and a 200-day moving average of $257.83. Wabtec has a 52 week low of $184.26 and a 52 week high of $306.64. The company has a current ratio of 1.12, a quick ratio of 0.59 and a debt-to-equity ratio of 0.44.

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

Wabtec Announces Dividend

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