Bank of Nova Scotia Grows Position in Wabtec $WAB

Bank of Nova Scotia boosted its position in shares of Wabtec (NYSE:WAB) by 286.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 123,832 shares of the transportation company’s stock after acquiring an additional 91,814 shares during the period. Bank of Nova Scotia’s holdings in Wabtec were worth $30,947,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of WAB. Whipplewood Advisors LLC purchased a new stake in shares of Wabtec during the 1st quarter worth $25,000. Clal Insurance Enterprises Holdings Ltd increased its holdings in Wabtec by 125.9% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock valued at $28,000 after buying an additional 73 shares during the last quarter. Manchester Capital Management LLC increased its holdings in Wabtec by 122.0% in the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock valued at $28,000 after buying an additional 72 shares during the last quarter. McMillan Office Inc. acquired a new stake in Wabtec in the fourth quarter valued at $31,000. Finally, Reflection Asset Management purchased a new stake in Wabtec during the 4th quarter worth about $35,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Wabtec news, CEO Rafael Santana sold 1,163 shares of Wabtec 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 directly owned 122,914 shares of the company’s stock, valued at approximately $32,212,071.98. The trade was a 0.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sameer Gaur sold 1,082 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $263.50, for a total value of $285,107.00. Following the completion of the transaction, the insider owned 11,985 shares of the company’s stock, valued at $3,158,047.50. This trade represents a 8.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 5,734 shares of company stock worth $1,504,571. 0.57% of the stock is owned by company insiders.

Wabtec News Roundup

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?

Wabtec Price Performance

Wabtec stock opened at $302.22 on Friday. The firm’s 50-day simple moving average is $265.80 and its 200 day simple moving average is $255.16. The firm has a market capitalization of $51.05 billion, a PE ratio of 40.62, a P/E/G ratio of 2.03 and a beta of 0.94. Wabtec has a 52 week low of $184.26 and a 52 week high of $302.96. The company has a quick ratio of 0.54, a current ratio of 1.12 and a debt-to-equity ratio of 0.44.

Wabtec (NYSE:WAB) last posted its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.60 by $0.16. The firm had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.07 billion. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. On average, equities research analysts predict that Wabtec will post 10.82 EPS for the current fiscal year.

Wabtec Dividend Announcement

The company 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. The ex-dividend date is Tuesday, August 18th. This represents a $1.24 dividend on an annualized basis and a yield of 0.4%. Wabtec’s dividend payout ratio (DPR) is 17.54%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on WAB. JPMorgan Chase & Co. upped their price objective on Wabtec from $300.00 to $315.00 and gave the stock a “neutral” rating in a research report on Thursday. Wall Street Zen upgraded Wabtec from a “hold” rating to a “buy” rating in a research note on Saturday. Citigroup lowered their price target on Wabtec from $313.00 to $311.00 and set a “buy” rating for the company in a report on Monday, July 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a research report on Friday, July 17th. Finally, Wolfe Research reissued an “outperform” rating and issued a $303.00 target price on shares of Wabtec in a research report on Thursday, April 23rd. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $310.64.

About Wabtec

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.