Intact Investment Management Inc. Reduces Stock Position in Wabtec $WAB

Key Points

• Intact Investment Management cut its Wabtec stake by 57.2% in Q4, selling 10,280 shares and leaving it with 7,700 shares valued at $1.644 million.
• Insiders have been net sellers: CEO Rafael Santana sold 60,852 shares (~$16.36M) and insiders sold 92,364 shares (~$24.52M) in the last 90 days, leaving insiders with just 0.57% ownership.
• Company and analyst signals: Wabtec topped EPS estimates ($2.71 vs. $2.62), set FY2026 guidance of $10.25–$10.65, raised its quarterly dividend to $0.31 and authorized a $1.2B buyback; analysts’ consensus is a Moderate Buy with a $289.82 price target.

Intact Investment Management Inc. lessened its position in shares of Wabtec (NYSE:WAB - Free Report) by 57.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,700 shares of the transportation company's stock after selling 10,280 shares during the quarter. Intact Investment Management Inc.'s holdings in Wabtec were worth $1,644,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Varma Mutual Pension Insurance Co increased its position in shares of Wabtec by 9.1% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 47,924 shares of the transportation company's stock worth $9,607,000 after purchasing an additional 4,000 shares during the last quarter. Gibraltar Capital Management Inc. acquired a new stake in shares of Wabtec during the 3rd quarter worth about $5,801,000. SG Americas Securities LLC increased its position in shares of Wabtec by 809.6% during the 4th quarter. SG Americas Securities LLC now owns 152,297 shares of the transportation company's stock worth $32,508,000 after purchasing an additional 135,553 shares during the last quarter. 111 Capital purchased a new position in Wabtec during the 3rd quarter valued at about $949,000. Finally, Alberta Investment Management Corp purchased a new position in Wabtec during the 3rd quarter valued at about $842,000. Hedge funds and other institutional investors own 91.69% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Weiss Ratings reissued a "buy (b)" rating on shares of Wabtec in a research note on Monday, April 20th. Wells Fargo & Company lifted their price objective on shares of Wabtec from $270.00 to $284.00 and gave the company an "equal weight" rating in a report on Thursday, April 23rd. Morgan Stanley restated an "overweight" rating and issued a $318.00 price objective on shares of Wabtec in a report on Monday, April 27th. Citigroup lifted their price objective on shares of Wabtec from $283.00 to $292.00 and gave the company a "buy" rating in a report on Thursday, April 9th. Finally, Rothschild & Co Redburn upgraded shares of Wabtec from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $262.00 to $285.00 in a report on Thursday, March 26th. 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.com, the company has an average rating of "Moderate Buy" and a consensus price target of $289.82.

Insider Buying and Selling at Wabtec

In other news, insider Rogerio Mendonca sold 3,500 shares of the business's stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $264.21, for a total transaction of $924,735.00. Following the completion of the transaction, the insider directly owned 10,101 shares of the company's stock, valued at approximately $2,668,785.21. The trade was a 25.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Rafael Santana sold 60,852 shares of the business's stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $268.89, for a total value of $16,362,494.28. Following the transaction, the chief executive officer directly owned 128,729 shares of the company's stock, valued at approximately $34,613,940.81. This represents a 32.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 92,364 shares of company stock valued at $24,522,522. 0.57% of the stock is currently owned by company insiders.

Wabtec Stock Performance

Shares of Wabtec stock opened at $262.14 on Tuesday. Wabtec has a one year low of $184.26 and a one year high of $275.84. The company has a market cap of $44.48 billion, a PE ratio of 37.08, a P/E/G ratio of 1.90 and a beta of 0.97. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.54 and a current ratio of 1.02. The business has a 50-day simple moving average of $255.17 and a 200-day simple moving average of $231.21.

Wabtec (NYSE:WAB - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $2.71 EPS for the quarter, topping analysts' consensus estimates of $2.62 by $0.09. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The business had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same period in the previous year, the company posted $2.28 earnings per share. The business's revenue for the quarter was up 13.0% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. On average, equities research analysts forecast that Wabtec will post 10.61 EPS for the current fiscal year.

Wabtec Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th were given a dividend of $0.31 per share. This is a boost from Wabtec's previous quarterly dividend of $0.25. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, February 17th. Wabtec's dividend payout ratio is presently 17.54%.

Wabtec announced that its board has authorized a stock repurchase program on Wednesday, February 11th that allows the company to buyback $1.20 billion in shares. This buyback authorization allows the transportation company to reacquire up to 2.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

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.

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