Beutel Goodman & Co Ltd. Has $228.19 Million Stock Holdings in Wabtec $WAB

Key Points

• Beutel Goodman cut its Wabtec stake by 48.7% in the second quarter, selling 802,533 shares and retaining 846,411 shares worth approximately $228.2 million. Institutional investors collectively own 91.69% of Wabtec.
• Wabtec reported quarterly revenue of $3.18 billion and earnings of $2.76 per share, exceeding analyst estimates, while revenue increased 17.5% year over year. The company issued fiscal 2026 EPS guidance of $10.60–$10.90.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $313.36. Wabtec also announced a quarterly dividend of $0.31 per share, representing a 0.4% yield.

Beutel Goodman & Co Ltd. reduced its holdings in shares of Wabtec (NYSE:WAB - Free Report) by 48.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 846,411 shares of the transportation company's stock after selling 802,533 shares during the period. Wabtec comprises about 1.7% of Beutel Goodman & Co Ltd.'s investment portfolio, making the stock its 26th biggest position. Beutel Goodman & Co Ltd. owned 0.50% of Wabtec worth $228,192,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Guggenheim Capital LLC lifted its position in shares of Wabtec by 7.4% during the 2nd quarter. Guggenheim Capital LLC now owns 4,938 shares of the transportation company's stock worth $1,034,000 after buying an additional 342 shares during the period. Bank of Nova Scotia grew its stake in Wabtec by 0.5% during the second quarter. Bank of Nova Scotia now owns 17,890 shares of the transportation company's stock worth $3,745,000 after buying an additional 97 shares during the last quarter. Nebula Research & Development LLC increased its holdings in shares of Wabtec by 208.7% during the second quarter. Nebula Research & Development LLC now owns 5,386 shares of the transportation company's stock worth $1,128,000 after buying an additional 3,641 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in shares of Wabtec by 11.6% during the second quarter. Treasurer of the State of North Carolina now owns 92,097 shares of the transportation company's stock worth $19,281,000 after buying an additional 9,545 shares in the last quarter. Finally, Ieq Capital LLC raised its stake in shares of Wabtec by 19.2% in the second quarter. Ieq Capital LLC now owns 30,352 shares of the transportation company's stock valued at $6,354,000 after acquiring an additional 4,889 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company's stock.

Wabtec Price Performance

Shares of WAB stock opened at $298.10 on Friday. Wabtec has a 52-week low of $184.26 and a 52-week high of $306.64. The stock has a market cap of $50.35 billion, a PE ratio of 40.07, a PEG ratio of 2.02 and a beta of 0.93. 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 firm's 50 day moving average price is $280.20 and its two-hundred day moving average price is $264.80.

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

Wabtec Dividend Announcement

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

Insider Buying and Selling

In related news, CTO Eric Gebhardt sold 7,100 shares of the company'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. This represents a 27.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Sameer Gaur sold 1,082 shares of the firm's stock in a transaction on Friday, June 12th. The stock was sold at an average price of $263.50, for a total value of $285,107.00. Following the sale, the insider directly owned 11,985 shares in the company, valued at $3,158,047.50. The trade was a 8.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 21,036 shares of company stock worth $6,113,542 over the last ninety days. Insiders own 0.57% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on WAB shares. Susquehanna increased their price target on Wabtec from $305.00 to $340.00 and gave the stock a "positive" rating in a research report on Thursday, July 23rd. Wall Street Zen lowered Wabtec from a "buy" rating to a "hold" rating in a research note on Sunday, August 2nd. JPMorgan Chase & Co. increased their price objective on shares of Wabtec from $300.00 to $315.00 and gave the stock a "neutral" rating in a report on Thursday, July 23rd. Citigroup boosted their target price on shares of Wabtec from $311.00 to $341.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th. Finally, Morgan Stanley raised their price target on shares of Wabtec from $318.00 to $355.00 and gave the company an "overweight" 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.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $313.36.

Wabtec 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.

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