Exencial Wealth Advisors LLC Has $10.82 Million Holdings in Wabtec $WAB

Key Points

• Exencial Wealth Advisors cut its Wabtec stake by 33.9%, selling 26,012 shares and leaving it with 50,700 shares worth about $10.82 million at quarter-end.
• Large insider selling: CEO Rafael Santana sold 60,852 shares (~$16.36M) and another insider sold 7,936 shares, with insiders offloading 92,364 shares (~$24.52M) over the past 90 days, reducing insider ownership to 0.57%.
• Corporate performance and capital returns: Wabtec beat quarterly EPS ( $2.71 vs. $2.62 ), set FY2026 guidance of $10.25–$10.65, raised the quarterly dividend to $0.31, and authorized a $1.2 billion share buyback.

Exencial Wealth Advisors LLC cut its holdings in Wabtec (NYSE:WAB - Free Report) by 33.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,700 shares of the transportation company's stock after selling 26,012 shares during the period. Exencial Wealth Advisors LLC's holdings in Wabtec were worth $10,822,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WAB. Guggenheim Capital LLC increased its holdings in Wabtec by 7.4% during the second 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 during the last quarter. Bank of Nova Scotia increased its holdings in Wabtec by 0.5% during the second quarter. Bank of Nova Scotia now owns 17,890 shares of the transportation company's stock worth $3,745,000 after buying an additional 97 shares during the last quarter. Nebula Research & Development LLC increased its holdings in Wabtec by 208.7% during the second quarter. Nebula Research & Development LLC now owns 5,386 shares of the transportation company's stock worth $1,128,000 after buying an additional 3,641 shares during the last quarter. Treasurer of the State of North Carolina increased its holdings in Wabtec by 11.6% during 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 buying an additional 9,545 shares during the last quarter. Finally, Ieq Capital LLC increased its holdings in Wabtec by 19.2% during the second quarter. Ieq Capital LLC now owns 30,352 shares of the transportation company's stock worth $6,354,000 after buying an additional 4,889 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on WAB shares. Citigroup boosted their target price on shares of Wabtec from $283.00 to $292.00 and gave the stock a "buy" rating in a report on Thursday, April 9th. KeyCorp boosted their target price on shares of Wabtec from $240.00 to $308.00 and gave the stock an "overweight" rating in a report on Thursday, February 12th. Wolfe Research restated an "outperform" rating and set a $303.00 target price on shares of Wabtec in a report on Thursday. Wall Street Zen downgraded shares of Wabtec from a "buy" rating to a "hold" rating in a report on Saturday, March 14th. Finally, Morgan Stanley restated an "overweight" rating and set a $318.00 target price on shares of Wabtec in a report on Monday. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $289.82.

Insider Transactions at Wabtec

In other Wabtec news, insider Nalin Jain sold 7,936 shares of the company's stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $264.09, for a total value of $2,095,818.24. Following the transaction, the insider directly owned 6,364 shares in the company, valued at $1,680,668.76. The trade was a 55.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rafael Santana sold 60,852 shares of the business's stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $268.89, for a total transaction of $16,362,494.28. Following the completion of the sale, the chief executive officer directly owned 128,729 shares of the company's stock, valued at approximately $34,613,940.81. The trade was a 32.10% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 92,364 shares of company stock valued at $24,522,522. Corporate insiders own 0.57% of the company's stock.

Wabtec Price Performance

NYSE:WAB opened at $267.60 on Tuesday. Wabtec has a one year low of $180.06 and a one year high of $275.84. The company has a market cap of $45.41 billion, a P/E ratio of 37.85, a P/E/G ratio of 1.92 and a beta of 0.99. The firm's fifty day moving average price is $254.87 and its two-hundred day moving average price is $229.69. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.02 and a quick ratio of 0.54.

Wabtec (NYSE:WAB - Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.62 by $0.09. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same period in the previous year, the company earned $2.28 earnings per share. The company's quarterly revenue was up 13.0% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. Equities analysts expect that Wabtec will post 10.57 earnings per share for the current year.

Wabtec Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were issued a $0.31 dividend. This is an increase from Wabtec's previous quarterly dividend of $0.25. This represents a $1.24 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Tuesday, February 17th. Wabtec's dividend payout ratio is presently 17.54%.

Wabtec announced that its Board of Directors has initiated a share buyback plan on Wednesday, February 11th that allows the company to repurchase $1.20 billion in shares. This repurchase authorization allows the transportation company to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its stock is undervalued.

Wabtec 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.

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