Wabtec $WAB Shares Sold by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company reduced its Wabtec stake by 4.5% in the second quarter, selling 4,201 shares and retaining 88,739 shares valued at approximately $23.9 million. Institutional investors and hedge funds collectively own 91.69% of Wabtec.
• Analysts remain broadly positive, with ten Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $313.36. Several firms recently raised their targets to between $330 and $341.
• Wabtec exceeded quarterly expectations with EPS of $2.76 versus a $2.60 estimate and revenue of $3.18 billion, up 17.5% year over year. The company also reaffirmed fiscal 2026 EPS guidance of $10.60–$10.90 and pays a quarterly dividend of $0.31 per share.

The Manufacturers Life Insurance Company trimmed its position in shares of Wabtec (NYSE:WAB - Free Report) by 4.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 88,739 shares of the transportation company's stock after selling 4,201 shares during the period. The Manufacturers Life Insurance Company owned about 0.05% of Wabtec worth $23,924,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in WAB. Whipplewood Advisors LLC acquired a new position in Wabtec during the 1st quarter worth approximately $25,000. Meeder Asset Management Inc. acquired a new stake in shares of Wabtec in the 2nd quarter valued at $26,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of 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 purchasing an additional 73 shares in the last quarter. Manchester Capital Management LLC lifted its position in shares of Wabtec by 122.0% during the 4th quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company's stock worth $28,000 after purchasing an additional 72 shares during the last quarter. Finally, Bell Investment Advisors Inc purchased a new stake in shares of Wabtec during the 2nd quarter worth $29,000. Institutional investors and hedge funds own 91.69% of the company's stock.

Analyst Upgrades and Downgrades

WAB has been the topic of several recent analyst reports. Weiss Ratings reissued a "buy (b)" rating on shares of Wabtec in a report on Friday, July 17th. Citigroup increased their price objective on Wabtec from $311.00 to $341.00 and gave the company a "buy" rating in a report on Thursday, August 13th. KeyCorp raised their target price on Wabtec from $308.00 to $340.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. Wells Fargo & Company boosted their target price on Wabtec from $284.00 to $315.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 23rd. Finally, Stephens upped their price target on Wabtec from $320.00 to $330.00 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 given a Hold rating to the company. Based on data from MarketBeat.com, Wabtec presently has an average rating of "Moderate Buy" and a consensus target price of $313.36.

Wabtec Price Performance

Shares of WAB opened at $282.97 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 0.59. Wabtec has a 1-year low of $184.26 and a 1-year high of $306.64. The stock has a market cap of $47.80 billion, a PE ratio of 38.03, a price-to-earnings-growth ratio of 1.92 and a beta of 0.92. The firm has a fifty day moving average price of $285.02 and a 200 day moving average price of $268.64.

Wabtec (NYSE:WAB - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.60 by $0.16. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same quarter last year, the company posted $2.27 earnings per share. The business'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, sell-side analysts anticipate that Wabtec will post 10.86 EPS for the current year.

Wabtec Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Tuesday, August 18th. Wabtec's dividend payout ratio (DPR) is currently 16.67%.

Insider Activity at Wabtec

In other Wabtec news, CTO Eric Gebhardt sold 7,100 shares of Wabtec 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 owned 19,153 shares of the company's stock, valued at $5,731,918.31. The trade was a 27.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Rafael Santana sold 1,163 shares of the business's stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $262.07, for a total value of $304,787.41. Following the completion of the sale, the chief executive officer owned 122,914 shares of the company's stock, valued at approximately $32,212,071.98. This represents a 0.94% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 17,628 shares of company stock valued at $5,220,523 over the last 90 days. 0.57% of the stock is owned by insiders.

Wabtec Company Profile

Westinghouse Air Brake Technologies Corporation, known as Wabtec, is a global provider of equipment, systems, and services for the freight and transit rail industries. The company develops technologies designed to improve the safety, efficiency, reliability, and environmental performance of rail transportation.

Wabtec's products and services include locomotives and locomotive components, braking systems, rail-control and signaling technologies, digital train-management solutions, and equipment for freight cars and passenger rail vehicles.

Want to see what other hedge funds are holding WAB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wabtec (NYSE:WAB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.