Bradley Foster & Sargent Inc. CT Increases Position in Wabtec $WAB

Bradley Foster & Sargent Inc. CT grew its position in shares of Wabtec (NYSE:WAB) by 18.7% in the 1st quarter, HoldingsChannel reports. The firm owned 65,312 shares of the transportation company’s stock after acquiring an additional 10,295 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Wabtec were worth $16,322,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WAB. Norges Bank bought a new position in shares of Wabtec during the 4th quarter valued at about $409,039,000. Price T Rowe Associates Inc. MD lifted its position in Wabtec by 20.3% in the 4th 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 buying an additional 1,344,744 shares during the last quarter. Bank of Montreal Can boosted its stake in Wabtec by 360.0% in the fourth quarter. Bank of Montreal Can now owns 885,197 shares of the transportation company’s stock worth $188,945,000 after buying an additional 692,773 shares in the last quarter. UBS Group AG boosted its stake in Wabtec by 194.2% in the third quarter. UBS Group AG now owns 1,033,304 shares of the transportation company’s stock worth $207,146,000 after buying an additional 682,048 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Wabtec by 288.0% in the first quarter. Assenagon Asset Management S.A. now owns 851,733 shares of the transportation company’s stock worth $212,857,000 after buying an additional 632,218 shares in the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Wabtec Price Performance

Shares of Wabtec stock opened at $302.22 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 0.54. The business’s 50 day simple moving average is $265.80 and its two-hundred day simple moving average is $255.16. The stock has a market capitalization of $51.05 billion, a P/E ratio of 40.62, a price-to-earnings-growth ratio of 2.06 and a beta of 0.94. Wabtec has a one year low of $184.26 and a one year high of $302.96.

Wabtec (NYSE:WAB) last released its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share for the quarter, beating analysts’ consensus estimates of $2.60 by $0.16. The firm had revenue of $3.18 billion during 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%.The business’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.27 earnings per share. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Analysts forecast that Wabtec will post 10.86 EPS for the current year.

Wabtec Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.24 annualized dividend and a yield of 0.4%. Wabtec’s dividend payout ratio is presently 16.67%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. KeyCorp lifted their price target on shares of Wabtec from $308.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday. Stephens increased their target price on shares of Wabtec from $320.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday. Wolfe Research reiterated an “outperform” rating and issued a $303.00 target price on shares of Wabtec in a research report on Thursday, April 23rd. Wells Fargo & Company lifted their target price on shares of Wabtec from $284.00 to $315.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Susquehanna upped 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. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Wabtec presently has a consensus rating of “Moderate Buy” and a consensus target price of $310.64.

Key Wabtec News

Here are the key news stories impacting Wabtec this week:

• Positive Sentiment: Wabtec beat Q2 expectations with EPS of $2.76 on revenue of $3.18 billion, and management lifted FY2026 guidance to $10.60-$10.90 in adjusted EPS, reinforcing the company’s earnings momentum. Wabtec Shares Rise After 2Q Earnings Beat Estimates
• Positive Sentiment: Analysts turned more constructive after results, with JPMorgan, Wells Fargo, Stephens, KeyCorp, and Susquehanna all raising price targets, while several firms reiterated overweight/positive views. These Analysts Raise Their Forecasts On Wabtec After Upbeat Q2 Results
• Positive Sentiment: Multiple technical commentary pieces pointed to bullish momentum, including a golden cross signal and a move above the 50-day moving average, which can attract momentum investors. Westinghouse Air Brake Technologies (WAB) Just Flashed Golden Cross Signal: Do You Buy?
• Positive Sentiment: Wabtec also announced a reported $1 billion deal with an Australian company during earnings, adding to optimism around future growth opportunities. Wabtec CEO unveils $1B deal with Australian company during earnings
• Neutral Sentiment: Commentary highlighted Wabtec as a strong momentum stock and noted a new 52-week high, but these were largely follow-up pieces reflecting the post-earnings rally rather than new fundamental catalysts. Westinghouse Air Brake Technologies (WAB) is a Great Momentum Stock: Should You Buy?

Insiders Place Their Bets

In other news, insider Sameer Gaur sold 1,082 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $263.50, for a total transaction of $285,107.00. Following the completion of the sale, the insider directly owned 11,985 shares in the company, valued at approximately $3,158,047.50. This represents a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Rafael Santana sold 1,163 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was 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 directly owned 122,914 shares in the company, valued at $32,212,071.98. The trade was a 0.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 5,734 shares of company stock worth $1,504,571. Insiders own 0.57% of the company’s stock.

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.