TD Waterhouse Canada Inc. Has $23.69 Million Holdings in Wabtec $WAB

Key Points

• TD Waterhouse Canada reduced its Wabtec stake by 25.2% in the second quarter, selling 30,237 shares and retaining 89,699 shares valued at approximately $23.69 million. Institutional investors collectively own 91.69% of Wabtec.
• Wabtec reported quarterly EPS of $2.76, exceeding estimates of $2.60, while revenue rose 17.5% year over year to $3.18 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $313.36.
• Shares opened at $297.93, near the company’s 52-week high, and Wabtec declared a quarterly dividend of $0.31 per share, representing a 0.4% annualized yield.

TD Waterhouse Canada Inc. decreased its holdings in Wabtec (NYSE:WAB - Free Report) by 25.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,699 shares of the transportation company's stock after selling 30,237 shares during the period. TD Waterhouse Canada Inc. owned about 0.05% of Wabtec worth $23,692,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in WAB. Whipplewood Advisors LLC acquired a new position in shares of Wabtec during the 1st quarter worth approximately $25,000. Clal Insurance Enterprises Holdings Ltd raised its stake in Wabtec by 125.9% in the 4th 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 lifted its holdings in Wabtec by 122.0% during the 4th quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company's stock valued at $28,000 after purchasing an additional 72 shares during the last quarter. McMillan Office Inc. acquired a new stake in Wabtec during the 4th quarter valued at $31,000. Finally, Reflection Asset Management bought a new position in Wabtec during the fourth quarter worth $35,000. 91.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WAB has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Wabtec from $300.00 to $315.00 and gave the company a "neutral" rating in a research report on Thursday, July 23rd. KeyCorp lifted their target price on shares of Wabtec from $308.00 to $340.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Wall Street Zen lowered shares of Wabtec from a "buy" rating to a "hold" rating in a research note on Sunday, August 2nd. Stephens increased their price target on shares of Wabtec from $320.00 to $330.00 and gave the company an "overweight" rating in a report on Thursday, July 23rd. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Wabtec in a research report on Friday, July 17th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Wabtec has a consensus rating of "Moderate Buy" and a consensus price target of $313.36.

Wabtec Stock Up 0.8%

WAB stock opened at $297.93 on Friday. Wabtec has a fifty-two week low of $184.26 and a fifty-two week high of $306.64. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 0.59. The stock has a market capitalization of $50.32 billion, a price-to-earnings ratio of 40.04, a PEG ratio of 2.00 and a beta of 0.93. The business's fifty day moving average price is $276.02 and its two-hundred day moving average price is $262.26.

Wabtec (NYSE:WAB - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.18 billion during the quarter, compared to analysts' expectations of $3.07 billion. During the same quarter in the previous year, the business posted $2.27 earnings per share. Wabtec's quarterly revenue was up 17.5% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. On average, equities analysts anticipate that Wabtec will post 10.86 earnings per share for the current year.

Wabtec Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders 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 yield of 0.4%. Wabtec's payout ratio is currently 16.67%.

Insider Buying and Selling at Wabtec

In other Wabtec news, CEO Rafael Santana sold 1,163 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $261.06, for a total transaction of $303,612.78. Following the transaction, the chief executive officer owned 124,077 shares in the company, valued at $32,391,541.62. This represents a 0.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Eric Gebhardt sold 7,100 shares of the firm's stock in a transaction that occurred 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 transaction, the chief technology officer directly owned 19,153 shares in the company, valued at $5,731,918.31. This represents a 27.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 16,834 shares of company stock worth $4,874,977. 0.57% of the stock is currently owned by company insiders.

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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