Caisse de depot et placement du Quebec Sells 253,976 Shares of Wabtec $WAB

Caisse de depot et placement du Quebec reduced its position in shares of Wabtec (NYSE:WAB) by 98.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 5,044 shares of the transportation company’s stock after selling 253,976 shares during the period. Caisse de depot et placement du Quebec’s holdings in Wabtec were worth $1,360,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of WAB. Guggenheim Capital LLC grew its position in shares of Wabtec by 7.4% during the 2nd quarter. Guggenheim Capital LLC now owns 4,938 shares of the transportation company’s stock worth $1,034,000 after buying an additional 342 shares in the last quarter. Bank of Nova Scotia raised its holdings in shares of Wabtec by 0.5% in the second quarter. Bank of Nova Scotia now owns 17,890 shares of the transportation company’s stock valued at $3,745,000 after acquiring an additional 97 shares in the last quarter. Nebula Research & Development LLC raised its holdings in shares of Wabtec by 208.7% in the second quarter. Nebula Research & Development LLC now owns 5,386 shares of the transportation company’s stock valued at $1,128,000 after acquiring an additional 3,641 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake in Wabtec by 11.6% in the second quarter. Treasurer of the State of North Carolina now owns 92,097 shares of the transportation company’s stock worth $19,281,000 after acquiring an additional 9,545 shares during the period. Finally, Ieq Capital LLC lifted its stake in Wabtec by 19.2% in the second quarter. Ieq Capital LLC now owns 30,352 shares of the transportation company’s stock worth $6,354,000 after acquiring an additional 4,889 shares during the period. 91.69% of the stock is owned by institutional investors.

Wabtec Price Performance

WAB opened at $292.28 on Monday. The business’s 50-day moving average is $282.66 and its two-hundred day moving average is $266.96. Wabtec has a 1 year low of $184.26 and a 1 year high of $306.64. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 0.59. The firm has a market capitalization of $49.37 billion, a PE ratio of 39.28, a price-to-earnings-growth ratio of 1.98 and a beta of 0.93.

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

Wabtec Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have commented on WAB. KeyCorp raised their target price on shares of Wabtec from $308.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Morgan Stanley increased their price objective on shares of Wabtec from $318.00 to $355.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Wabtec from $300.00 to $315.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Susquehanna boosted their price objective on shares of Wabtec from $305.00 to $340.00 and gave the stock a “positive” rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a report on Friday, July 17th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $313.36.

Insider Buying and Selling

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 value of $300,640.00. Following the transaction, the insider directly owned 10,985 shares of the company’s stock, valued at approximately $3,302,530.40. The trade was a 8.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Eric Gebhardt sold 7,100 shares of the company’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $299.27, for a total value of $2,124,817.00. Following the transaction, the chief technology officer directly owned 19,153 shares in the company, valued at approximately $5,731,918.31. The trade was a 27.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 21,036 shares of company stock valued at $6,113,542 over the last quarter. Insiders own 0.57% of the company’s stock.

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.