Wabtec $WAB Shares Sold by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada cut its Wabtec stake by 19.1%, selling 17,126 shares and retaining 72,573 shares valued at approximately $20.9 million. Institutional investors still own 91.69% of the company.
• Wabtec’s latest quarterly results exceeded expectations, with $2.76 in EPS and $3.18 billion in revenue, while revenue rose 17.5% year over year. The company maintained its $0.31 quarterly dividend, equivalent to a 0.4% annualized yield.
• Analysts remain broadly bullish, with a “Moderate Buy” consensus and an average price target of $313.55, but the stock’s premium valuation faces potential pressure from cost and supply-chain risks. A new approximately $400 million South African rail contract could strengthen Wabtec’s services backlog.

TD Waterhouse Canada Inc. reduced its holdings in Wabtec (NYSE:WAB - Free Report) by 19.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 72,573 shares of the transportation company's stock after selling 17,126 shares during the period. TD Waterhouse Canada Inc.'s holdings in Wabtec were worth $20,899,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new stake in shares of Wabtec in the second quarter valued at approximately $26,000. Whipplewood Advisors LLC acquired a new stake in shares of Wabtec in the first quarter worth $25,000. Bell Investment Advisors Inc bought a new position in Wabtec during the second quarter worth $29,000. Fiduciary Financial Advisors bought a new position in Wabtec during the second quarter worth $29,000. Finally, Eastern Bank increased its position in Wabtec by 103.8% during the third quarter. Eastern Bank now owns 163 shares of the transportation company's stock worth $47,000 after acquiring an additional 83 shares during the period. 91.69% of the stock is owned by institutional investors.

Wabtec Trading Down 0.5%

Wabtec stock opened at $286.46 on Friday. The business has a 50 day moving average price of $288.34 and a two-hundred day moving average price of $275.09. The company has a quick ratio of 0.59, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. Wabtec has a 12 month low of $186.06 and a 12 month high of $306.64. The stock has a market cap of $48.39 billion, a price-to-earnings ratio of 38.50, a price-to-earnings-growth ratio of 1.94 and a beta of 0.92.

Wabtec (NYSE:WAB - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.60 by $0.16. The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.07 billion. Wabtec had a return on equity of 15.10% and a net margin of 10.59%. Wabtec's revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. As a group, equities analysts forecast that Wabtec will post 10.89 EPS for the current year.

Wabtec Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, November 17th will be given 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, November 17th. Wabtec's dividend payout ratio (DPR) is 16.67%.

Key Wabtec News

Here are the key news stories impacting Wabtec this week:

• Positive Sentiment: Major South African rail contract: Wabtec signed a R6.6 billion (approximately $400 million) agreement with Transnet Engineering to improve the performance and reliability of South Africa’s diesel locomotive fleet. The multiyear support work should strengthen Wabtec’s services backlog and reinforce its international rail presence, although the timing of revenue recognition was not disclosed. Wabtec signs R6.6bn agreement to help enhance South African freight loco performance
• Positive Sentiment: Quarterly dividend maintained: Wabtec declared a $0.31-per-share quarterly dividend, payable December 1 to shareholders of record November 17. The dividend signals continued shareholder distributions, though the annualized yield is relatively low at about 0.4%.
• Neutral Sentiment: Third-quarter results approaching: Analysts expect double-digit year-over-year revenue and earnings growth for the quarter ended September 2026. Wabtec’s prior quarter also exceeded consensus estimates, reporting $2.76 in adjusted earnings per share on $3.18 billion of revenue, but the upcoming release could be closely scrutinized because the stock trades at a premium valuation.
• Negative Sentiment: Cost and supply-chain risks could limit an earnings beat: Rising costs and supply-chain disruptions may pressure margins or make it harder for Wabtec to exceed expectations despite projected sales and profit growth. Wabtec Gears Up to Report Q3 Earnings
• Negative Sentiment: Citi trims price target: Citi reduced its Wabtec price target from $341 to $338. While the revised target still implies upside relative to recent trading levels, the cut suggests somewhat less near-term confidence in the shares.

Insider Transactions at Wabtec

In other Wabtec news, insider Sameer Gaur sold 1,000 shares of Wabtec stock in a transaction on Friday, July 24th. The shares were sold at an average price of $300.64, for a total transaction of $300,640.00. Following the sale, the insider owned 10,985 shares in the company, valued at $3,302,530.40. The trade was a 8.34% decrease in their ownership of the stock. The transaction 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 Wabtec stock in a transaction 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 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 17,552 shares of company stock valued at $5,232,911 over the last 90 days. Corporate insiders own 0.57% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Stephens upped their target price on shares of Wabtec from $320.00 to $330.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Weiss Ratings raised shares of Wabtec from a "buy (b)" rating to a "buy (b+)" rating in a report on Thursday, October 8th. Wells Fargo & Company raised their price target on shares of Wabtec from $284.00 to $315.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 23rd. Citigroup dropped their price objective on shares of Wabtec from $341.00 to $338.00 and set a "buy" rating on the stock in a report on Thursday, October 8th. Finally, Morgan Stanley boosted 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. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Wabtec has an average rating of "Moderate Buy" and an average price target of $313.55.

Wabtec Profile

Wabtec Corporation, also known as Westinghouse Air Brake Technologies Corporation, provides equipment, systems, software and services for the global rail and transit industries. Its offerings support freight railroads, passenger rail operators, transit agencies, mining companies and other transportation customers.

The company manufactures and services locomotives, locomotive engines, braking systems, electronic and control equipment, train components, signaling and communications systems, and digital technologies designed to improve rail safety, efficiency and asset management.

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