178,211 Wabtec $WAB Shares Sold by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners cut its Wabtec stake by 99.1%, selling 178,211 shares and retaining just 1,607 shares valued at approximately $461,000. Institutional investors still own 91.69% of the company.
• Analysts remain broadly positive, with ten Buy ratings and two Holds, producing a “Moderate Buy” consensus and an average price target of $313.55 versus the reported share price of $286.46.
• Wabtec reported better-than-expected quarterly results, with $2.76 in EPS and $3.18 billion in revenue, while maintaining a quarterly dividend of $0.31 per share, equivalent to an annualized yield of about 0.4%.

Curated Wealth Partners LLC trimmed its stake in shares of Wabtec (NYSE:WAB - Free Report) by 99.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,607 shares of the transportation company's stock after selling 178,211 shares during the quarter. Curated Wealth Partners LLC's holdings in Wabtec were worth $461,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Resona Asset Management Co. Ltd. boosted its holdings in shares of Wabtec by 348.6% during the second quarter. Resona Asset Management Co. Ltd. now owns 233,300 shares of the transportation company's stock worth $62,806,000 after acquiring an additional 181,296 shares during the period. QRG Capital Management Inc. increased its stake in shares of Wabtec by 5.5% during the second quarter. QRG Capital Management Inc. now owns 93,442 shares of the transportation company's stock worth $25,192,000 after purchasing an additional 4,878 shares during the period. Hsbc Holdings PLC increased its stake in shares of Wabtec by 15.0% during the first quarter. Hsbc Holdings PLC now owns 351,769 shares of the transportation company's stock worth $87,735,000 after purchasing an additional 45,760 shares during the period. Copeland Capital Management LLC increased its stake in shares of Wabtec by 861.4% during the first quarter. Copeland Capital Management LLC now owns 46,707 shares of the transportation company's stock worth $11,673,000 after purchasing an additional 41,849 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in Wabtec by 64.8% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 33,530 shares of the transportation company's stock worth $8,379,000 after purchasing an additional 13,180 shares during the last quarter. 91.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on WAB. Stephens lifted their price objective on shares of Wabtec from $320.00 to $330.00 and gave the stock an "overweight" rating in a research note on Thursday, July 23rd. Wells Fargo & Company boosted their price objective on shares of Wabtec from $284.00 to $315.00 and gave the company an "equal weight" rating in a report on Thursday, July 23rd. Weiss Ratings upgraded shares of Wabtec from a "buy (b)" rating to a "buy (b+)" rating in a research report on Thursday, October 8th. Susquehanna increased their target price 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, JPMorgan Chase & Co. raised their target price on shares of Wabtec from $315.00 to $320.00 and gave the stock a "neutral" rating in a report on Monday, September 21st. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $313.55.

Wabtec Stock Down 0.5%

Shares of NYSE:WAB opened at $286.46 on Friday. The company has a fifty day moving average of $288.34 and a 200-day moving average of $275.09. The company has a market capitalization of $48.39 billion, a PE ratio of 38.50, a price-to-earnings-growth ratio of 1.94 and a beta of 0.92. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.59 and a current ratio of 1.12. Wabtec has a 52-week low of $186.06 and a 52-week high of $306.64.

Wabtec (NYSE:WAB - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share for the quarter, topping 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 business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the previous year, the company posted $2.27 EPS. Wabtec's quarterly revenue was up 17.5% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. On average, equities analysts predict that Wabtec will post 10.89 EPS for the current fiscal year.

Wabtec Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, November 17th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Tuesday, November 17th. Wabtec's dividend payout ratio is presently 16.67%.

Insiders Place Their Bets

In other news, CEO Rafael Santana sold 1,087 shares of the firm's stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $291.79, for a total transaction of $317,175.73. Following the completion of the transaction, the chief executive officer directly owned 116,155 shares in the company, valued at $33,892,867.45. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sameer Gaur sold 1,000 shares of Wabtec stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $300.64, for a total value of $300,640.00. Following the completion of the transaction, the insider directly owned 10,985 shares in the company, valued at approximately $3,302,530.40. This represents a 8.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 17,552 shares of company stock valued at $5,232,911 over the last ninety days. 0.57% of the stock is currently owned by corporate insiders.

Wabtec News Summary

Here are the key news stories impacting Wabtec this week:

• Positive Sentiment: Major South African rail contract: Wabtec signed a R6.6 billion (approximately $400 million) agreement with Transnet Engineering to improve the performance and reliability of South Africa’s diesel locomotive fleet. The multiyear support work should strengthen Wabtec’s services backlog and reinforce its international rail presence, although the timing of revenue recognition was not disclosed. Wabtec signs R6.6bn agreement to help enhance South African freight loco performance
• Positive Sentiment: Quarterly dividend maintained: Wabtec declared a $0.31-per-share quarterly dividend, payable December 1 to shareholders of record November 17. The dividend signals continued shareholder distributions, though the annualized yield is relatively low at about 0.4%.
• Neutral Sentiment: Third-quarter results approaching: Analysts expect double-digit year-over-year revenue and earnings growth for the quarter ended September 2026. Wabtec’s prior quarter also exceeded consensus estimates, reporting $2.76 in adjusted earnings per share on $3.18 billion of revenue, but the upcoming release could be closely scrutinized because the stock trades at a premium valuation.
• Negative Sentiment: Cost and supply-chain risks could limit an earnings beat: Rising costs and supply-chain disruptions may pressure margins or make it harder for Wabtec to exceed expectations despite projected sales and profit growth. Wabtec Gears Up to Report Q3 Earnings
• Negative Sentiment: Citi trims price target: Citi reduced its Wabtec price target from $341 to $338. While the revised target still implies upside relative to recent trading levels, the cut suggests somewhat less near-term confidence in the shares.

About Wabtec

Wabtec Corporation, also known as Westinghouse Air Brake Technologies Corporation, provides equipment, systems, software and services for the global rail and transit industries. Its offerings support freight railroads, passenger rail operators, transit agencies, mining companies and other transportation customers.

The company manufactures and services locomotives, locomotive engines, braking systems, electronic and control equipment, train components, signaling and communications systems, and digital technologies designed to improve rail safety, efficiency and asset management.

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