Wabtec Sees Increased Interest from Royal Bank of Canada

Wabtec, a global provider of equipment and services for the rail industry, saw its stock held by Royal Bank of Canada grow by 2.7% in the first quarter. The fund purchased an additional 10,197 shares during this period.

The total value of Wabtec's stock owned by Royal Bank of Canada is approximately $98,226,000, which accounts for 0.23% of the transportation company's outstanding shares.

This is not an isolated instance as other hedge funds and institutional investors have also recently modified their holdings in Wabtec.

Some notable examples include Whipplewood Advisors LLC purchasing a new stake in Wabtec during the first quarter valued at approximately $25,000, and Clal Insurance Enterprises Holdings Ltd raising its holdings in Wabtec by 125.9% in the fourth quarter.