Wabtec $WAB Stake Boosted by Bank of Nova Scotia

Key Points

• Bank of Nova Scotia increased its Wabtec stake by 74.2% in the second quarter to 215,675 shares valued at approximately $58.1 million. Institutional investors and hedge funds collectively own 91.69% of Wabtec.
• Wabtec reported stronger-than-expected quarterly results, with EPS of $2.76 versus the $2.60 consensus and revenue of $3.18 billion, up 17.5% year over year. The company maintained fiscal 2026 EPS guidance of $10.60–$10.90.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $313.36, while Wabtec shares recently traded near their 52-week high at $298.10. The company also declared a quarterly dividend of $0.31 per share, yielding about 0.4%.

Bank of Nova Scotia grew its holdings in Wabtec (NYSE:WAB - Free Report) by 74.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 215,675 shares of the transportation company's stock after purchasing an additional 91,843 shares during the period. Bank of Nova Scotia owned approximately 0.13% of Wabtec worth $58,146,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of WAB. BlackRock Inc. acquired a new stake in shares of Wabtec during the 2nd quarter valued at about $3,741,077,000. Norges Bank bought a new stake in Wabtec in the fourth quarter worth $409,039,000. Price T Rowe Associates Inc. MD boosted its holdings in Wabtec by 20.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company's stock worth $1,700,238,000 after purchasing an additional 1,344,744 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Wabtec during the second quarter worth $212,692,000. Finally, Deutsche Bank AG acquired a new position in Wabtec during the second quarter worth $207,228,000. Institutional investors and hedge funds own 91.69% of the company's stock.

Insider Buying and Selling at Wabtec

In other Wabtec news, insider Michael Fetsko sold 3,250 shares of the company's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $293.22, for a total transaction of $952,965.00. Following the sale, the insider directly owned 37,380 shares of the company's stock, valued at approximately $10,960,563.60. This represents a 8.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rafael Santana sold 1,163 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $261.06, for a total value of $303,612.78. Following the sale, the chief executive officer owned 124,077 shares in the company, valued at $32,391,541.62. The trade was a 0.93% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 21,036 shares of company stock worth $6,113,542 over the last three months. 0.57% of the stock is currently owned by insiders.

Wabtec Stock Up 2.0%

Shares of WAB stock opened at $298.10 on Friday. Wabtec has a 12 month low of $184.26 and a 12 month high of $306.64. The company has a quick ratio of 0.59, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. The firm has a market cap of $50.35 billion, a PE ratio of 40.07, a price-to-earnings-growth ratio of 2.02 and a beta of 0.93. The stock has a 50 day moving average of $280.20 and a 200-day moving average of $264.80.

Wabtec (NYSE:WAB - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $2.76 EPS for the quarter, beating analysts' consensus estimates of $2.60 by $0.16. The business had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.07 billion. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The firm's revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.27 earnings per share. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. On average, equities analysts predict that Wabtec will post 10.86 EPS for the current year.

Wabtec Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Tuesday, August 18th. Wabtec's dividend payout ratio (DPR) is 16.67%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Wall Street Zen cut Wabtec from a "buy" rating to a "hold" rating in a research report on Sunday, August 2nd. Wells Fargo & Company raised their price objective on Wabtec from $284.00 to $315.00 and gave the company an "equal weight" rating in a research note on Thursday, July 23rd. Citigroup boosted their target price on Wabtec from $311.00 to $341.00 and gave the stock a "buy" rating in a report on Thursday, August 13th. Susquehanna lifted their price target on shares of Wabtec from $305.00 to $340.00 and gave the company a "positive" rating in a research report on Thursday, July 23rd. Finally, Stephens boosted their price objective on shares of Wabtec from $320.00 to $330.00 and gave the stock an "overweight" rating in a research note on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Wabtec has a consensus rating of "Moderate Buy" and a consensus target price of $313.36.

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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