Teacher Retirement System of Texas Trims Stock Holdings in Wabtec $WAB

Key Points

• Teacher Retirement System of Texas trimmed its stake in Wabtec by 49.3% in Q4, selling 24,357 shares and now holding 25,076 shares valued at $5.352 million.
• Wabtec beat Q1 EPS expectations with $2.71 (vs. $2.62) but missed top‑line revenue (~$2.95B vs. ~$3.08B); the company issued FY2026 guidance of $10.25–$10.65 EPS, authorized a $1.2 billion share buyback and raised the quarterly dividend to $0.31.
• Analysts rate Wabtec a "Moderate Buy" with an average target of $289.55 and institutional ownership at 91.69%, but recent insider selling (92,364 shares) and a ~12.9% rise in short interest to ~2.49M shares could add near‑term pressure.

Teacher Retirement System of Texas decreased its stake in Wabtec (NYSE:WAB - Free Report) by 49.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,076 shares of the transportation company's stock after selling 24,357 shares during the quarter. Teacher Retirement System of Texas' holdings in Wabtec were worth $5,352,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of WAB. Piscataqua Savings Bank increased its position in Wabtec by 12,800.0% in the third quarter. Piscataqua Savings Bank now owns 129 shares of the transportation company's stock worth $26,000 after buying an additional 128 shares in the last quarter. Motco increased its position in Wabtec by 6,600.0% in the third quarter. Motco now owns 134 shares of the transportation company's stock worth $27,000 after buying an additional 132 shares in the last quarter. Salomon & Ludwin LLC increased its position in Wabtec by 370.6% in the third quarter. Salomon & Ludwin LLC now owns 160 shares of the transportation company's stock worth $32,000 after buying an additional 126 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Wabtec in the fourth quarter worth about $42,000. Finally, Root Financial Partners LLC purchased a new stake in Wabtec in the third quarter worth about $44,000. Hedge funds and other institutional investors own 91.69% of the company's stock.

Wall Street Analyst Weigh In

WAB has been the subject of a number of analyst reports. Morgan Stanley restated an "overweight" rating and issued a $315.00 price target on shares of Wabtec in a research report on Tuesday, February 17th. Wall Street Zen cut Wabtec from a "buy" rating to a "hold" rating in a research report on Saturday, March 14th. JPMorgan Chase & Co. reduced their price target on Wabtec from $290.00 to $280.00 and set a "neutral" rating for the company in a research report on Friday, April 10th. Susquehanna restated a "positive" rating and issued a $305.00 price target on shares of Wabtec in a research report on Thursday. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Wabtec in a research report on Monday, April 20th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $289.55.

Key Wabtec News

Here are the key news stories impacting Wabtec this week:

• Positive Sentiment: Q1 earnings beat and higher sales — Wabtec reported Q1 EPS of $2.71 and growth in quarterly sales, which investors view as proof of ongoing margin and revenue recovery. Wabtec posts higher quarterly sales and earnings
• Positive Sentiment: Price target raised by Wells Fargo — Wells Fargo lifted its target to $284 (from $270) and kept an "equal weight" rating, signaling analyst confidence in further upside versus current levels. Benzinga coverage of PT raise
• Positive Sentiment: Technical momentum — Wabtec recently crossed above its 20-day moving average, a short-term bullish technical signal that can attract momentum traders. Zacks: WAB broke out above 20-day MA
• Positive Sentiment: Analyst/industry bullishness — Multiple pieces (Seeking Alpha, Zacks buy lists) highlight Wabtec as a 2026/2027 growth candidate and include it among "old-economy" stocks with more room to run. These narratives can support continued investor interest. Seeking Alpha: Wabtec has a head of steam Zacks: Buy 5 high-flying old-economy stocks
• Neutral Sentiment: Revenue slightly missed consensus — while EPS beat, reported revenue (~$2.95B) came in below some estimates (~$3.08B), which tempers the beat and leaves room for debate on top-line momentum. Yahoo Finance: Wabtec reports Q1
• Neutral Sentiment: Earnings-call summaries flag growth but note headwinds — sell-side and summary coverage (TipRanks, transcripts) emphasize solid margins and guidance positioning while calling out cyclical/market headwinds. Earnings call transcript TipRanks: Earnings call highlights
• Negative Sentiment: Short interest rose meaningfully in April — short interest increased ~12.9% to ~2.49M shares (~1.5% of shares outstanding), raising the short-interest ratio to ~2.0 days. Higher shorting can add selling pressure or volatility in the near term.

Wabtec Stock Performance

NYSE:WAB opened at $267.46 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.54 and a debt-to-equity ratio of 0.42. Wabtec has a 12-month low of $180.06 and a 12-month high of $275.84. The stock has a 50-day moving average price of $254.65 and a 200 day moving average price of $229.19. The stock has a market capitalization of $45.38 billion, a P/E ratio of 37.83, a P/E/G ratio of 1.92 and a beta of 0.99.

Wabtec (NYSE:WAB - Get Free Report) last released its earnings results on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.09. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The firm had revenue of $2.95 billion during the quarter, compared to analysts' expectations of $3.08 billion. During the same quarter last year, the business posted $2.28 earnings per share. The firm's revenue was up 13.0% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. Equities research analysts forecast that Wabtec will post 10.57 EPS for the current fiscal year.

Wabtec Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were given a dividend of $0.31 per share. This is an increase from Wabtec's previous quarterly dividend of $0.25. This represents a $1.24 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Tuesday, February 17th. Wabtec's dividend payout ratio (DPR) is 17.54%.

Wabtec declared that its board has authorized a stock repurchase plan on Wednesday, February 11th that permits the company to buyback $1.20 billion in shares. This buyback authorization permits the transportation company to buy up to 2.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors believes its stock is undervalued.

Insider Activity

In related news, insider Nalin Jain sold 7,936 shares of the stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $264.09, for a total transaction of $2,095,818.24. Following the completion of the sale, the insider owned 6,364 shares in the company, valued at approximately $1,680,668.76. This trade represents a 55.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Gina Trombley sold 4,013 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $241.87, for a total value of $970,624.31. Following the sale, the executive vice president owned 13,841 shares of the company's stock, valued at $3,347,722.67. This represents a 22.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 92,364 shares of company stock valued at $24,522,522 in the last three months. 0.57% of the stock is currently owned by 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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