Pictet Asset Management Holding SA Has $26.75 Million Stock Position in Wabtec $WAB

Key Points

• Pictet Asset Management Holding SA cut its Wabtec stake by 20.3% in the second quarter, selling 25,320 shares and retaining 99,209 shares valued at approximately $26.75 million. Institutional investors and hedge funds collectively own 91.69% of Wabtec.
• Wabtec reported quarterly earnings of $2.76 per share, exceeding estimates of $2.60, while revenue rose 17.5% year over year to $3.18 billion. The company maintained fiscal 2026 EPS guidance of $10.60–$10.90.
• Analyst sentiment remains favorable, with an average “Moderate Buy” rating and a consensus price target of $313.36. Wabtec also announced a quarterly dividend of $0.31 per share, representing a 0.4% yield.

Pictet Asset Management Holding SA reduced its stake in Wabtec (NYSE:WAB - Free Report) by 20.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 99,209 shares of the transportation company's stock after selling 25,320 shares during the period. Pictet Asset Management Holding SA owned 0.06% of Wabtec worth $26,747,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in WAB. Assetmark Inc. increased its holdings in Wabtec by 42.1% in the second quarter. Assetmark Inc. now owns 4,169 shares of the transportation company's stock valued at $1,124,000 after purchasing an additional 1,235 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its holdings in Wabtec by 1.3% during the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,147 shares of the transportation company's stock worth $1,927,000 after buying an additional 91 shares during the last quarter. Keeler Thomas Management LLC boosted its holdings in Wabtec by 7.6% during the second quarter. Keeler Thomas Management LLC now owns 5,747 shares of the transportation company's stock worth $1,549,000 after buying an additional 407 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Wabtec by 0.6% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 377,797 shares of the transportation company's stock worth $101,854,000 after buying an additional 2,126 shares during the period. Finally, Diversify Wealth Management LLC grew its position in shares of Wabtec by 98.7% during the 2nd quarter. Diversify Wealth Management LLC now owns 2,263 shares of the transportation company's stock worth $610,000 after buying an additional 1,124 shares during the period. 91.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Wabtec

In other news, VP David L. Deninno sold 3,000 shares of the company's stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $301.31, for a total value of $903,930.00. Following the completion of the transaction, the vice president owned 55,128 shares in the company, valued at $16,610,617.68. This represents a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Eric Gebhardt sold 7,100 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $299.27, for a total transaction of $2,124,817.00. Following the sale, the chief technology officer directly owned 19,153 shares of the company's stock, valued at $5,731,918.31. This represents a 27.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 16,834 shares of company stock worth $4,874,977. Corporate insiders own 0.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on WAB shares. Morgan Stanley increased their price target on shares of Wabtec from $318.00 to $355.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Susquehanna boosted their price objective on shares of Wabtec from $305.00 to $340.00 and gave the company a "positive" rating in a report on Thursday, July 23rd. Wall Street Zen downgraded shares of Wabtec from a "buy" rating to a "hold" rating in a research note on Sunday, August 2nd. JPMorgan Chase & Co. upped their target price on shares of Wabtec from $300.00 to $315.00 and gave the company a "neutral" rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Wabtec in a report on Friday, July 17th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $313.36.

Wabtec Stock Up 0.5%

Shares of Wabtec stock opened at $299.40 on Friday. Wabtec has a 1 year low of $184.26 and a 1 year high of $306.64. The business has a 50-day moving average of $276.79 and a two-hundred day moving average of $262.52. The company has a market capitalization of $50.57 billion, a P/E ratio of 40.24, a price-to-earnings-growth ratio of 2.02 and a beta of 0.93. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 0.59.

Wabtec (NYSE:WAB - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $2.76 EPS 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 company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same quarter last year, the firm posted $2.27 earnings per share. Wabtec's 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. As a group, equities analysts predict that Wabtec will post 10.86 EPS for the current year.

Wabtec Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 0.4%. The ex-dividend date is Tuesday, August 18th. Wabtec's dividend payout ratio (DPR) is 16.67%.

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.

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