Bristol Gate Capital Partners Inc. Sells 121,712 Shares of Wabtec $WAB

Bristol Gate Capital Partners Inc. lessened its stake in shares of Wabtec (NYSE:WAB) by 34.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 234,949 shares of the transportation company’s stock after selling 121,712 shares during the period. Wabtec comprises approximately 4.4% of Bristol Gate Capital Partners Inc.’s investment portfolio, making the stock its 12th biggest holding. Bristol Gate Capital Partners Inc.’s holdings in Wabtec were worth $63,343,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of WAB. EFG International AG grew its stake in Wabtec by 3.0% in the second quarter. EFG International AG now owns 6,450 shares of the transportation company’s stock worth $1,739,000 after purchasing an additional 190 shares in the last quarter. Canada Pension Plan Investment Board raised its position in Wabtec by 35.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 341,727 shares of the transportation company’s stock valued at $92,130,000 after purchasing an additional 89,505 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Wabtec by 6.3% in the 2nd quarter. Jones Financial Companies Lllp now owns 49,672 shares of the transportation company’s stock worth $13,388,000 after buying an additional 2,961 shares during the period. Fiduciary Financial Advisors purchased a new stake in shares of Wabtec in the 2nd quarter worth $29,000. Finally, L2 Asset Management LLC grew its position in shares of Wabtec by 5.0% during the 2nd quarter. L2 Asset Management LLC now owns 960 shares of the transportation company’s stock worth $259,000 after buying an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Insider Transactions at Wabtec

In other Wabtec news, insider Michael Fetsko sold 3,250 shares of Wabtec stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $293.22, for a total value of $952,965.00. Following the transaction, the insider directly owned 37,380 shares of the company’s stock, valued at approximately $10,960,563.60. The trade was a 8.00% 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, VP David L. Deninno sold 3,000 shares of the company’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $301.31, for a total value of $903,930.00. Following the transaction, the vice president directly owned 55,128 shares in the company, valued at approximately $16,610,617.68. The trade was a 5.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 21,036 shares of company stock worth $6,113,542. 0.57% of the stock is owned by corporate insiders.

Wabtec Trading Down 0.2%

WAB opened at $297.10 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 0.59 and a debt-to-equity ratio of 0.44. The firm has a market cap of $50.18 billion, a price-to-earnings ratio of 39.93, a PEG ratio of 2.02 and a beta of 0.93. Wabtec has a 12 month low of $184.26 and a 12 month high of $306.64. The stock has a fifty day moving average price of $281.28 and a 200-day moving average price of $265.84.

Wabtec (NYSE:WAB) last issued 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. 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 the consensus estimate of $3.07 billion. During the same quarter last year, the company earned $2.27 earnings per share. The firm’s revenue for the quarter 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, equities research analysts anticipate that Wabtec will post 10.86 earnings per share for the current fiscal year.

Wabtec Announces Dividend

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

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wells Fargo & Company lifted their price objective on Wabtec from $284.00 to $315.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a report on Friday, July 17th. Stephens raised their target price on shares of Wabtec from $320.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Susquehanna upped their price target on shares of Wabtec from $305.00 to $340.00 and gave the stock a “positive” rating in a research report on Thursday, July 23rd. Finally, Wall Street Zen cut shares of Wabtec from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently 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.