Quantbot Technologies LP Decreases Stock Position in Wabtec $WAB

Key Points

• Quantbot cut its Wabtec stake by 85.3% in Q3, selling 38,193 shares and ending the period with 6,570 shares valued at about $1.32 million.
• Other large institutions added to Wabtec positions—Norges Bank, Qube, Aviva and Vanguard among them—and institutional investors now own about 91.69% of the stock.
• Wabtec recently beat quarterly estimates (EPS $2.10 vs. $2.08; revenue $2.97B), set FY2026 guidance of $10.05–$10.45 EPS, raised its quarterly dividend to $0.31 and authorized a $1.2 billion buyback, while analysts hold a consensus "Moderate Buy" with a $269 target.

Quantbot Technologies LP decreased its position in shares of Wabtec (NYSE:WAB - Free Report) by 85.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,570 shares of the transportation company's stock after selling 38,193 shares during the period. Quantbot Technologies LP's holdings in Wabtec were worth $1,317,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Wabtec during the second quarter valued at about $347,194,000. Qube Research & Technologies Ltd purchased a new position in Wabtec in the second quarter valued at about $121,612,000. Aviva PLC grew its stake in Wabtec by 7,960.0% during the 2nd quarter. Aviva PLC now owns 527,685 shares of the transportation company's stock valued at $110,471,000 after purchasing an additional 521,138 shares in the last quarter. Vanguard Group Inc. increased its holdings in Wabtec by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 19,930,893 shares of the transportation company's stock worth $4,172,532,000 after purchasing an additional 493,437 shares during the last quarter. Finally, Amundi raised its position in shares of Wabtec by 36.8% in the 2nd quarter. Amundi now owns 1,614,789 shares of the transportation company's stock valued at $345,371,000 after purchasing an additional 434,401 shares in the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WAB. Wall Street Zen upgraded shares of Wabtec from a "hold" rating to a "buy" rating in a research note on Monday. JPMorgan Chase & Co. boosted their target price on shares of Wabtec from $215.00 to $245.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 14th. Stephens increased their price target on shares of Wabtec from $230.00 to $290.00 and gave the stock an "overweight" rating in a research report on Thursday, February 12th. Morgan Stanley reiterated an "overweight" rating and issued a $315.00 price target on shares of Wabtec in a research note on Tuesday, February 17th. Finally, Wolfe Research upgraded Wabtec from a "peer perform" rating to an "outperform" rating and set a $245.00 price objective on the stock in a research note on Thursday, January 8th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Wabtec presently has an average rating of "Moderate Buy" and a consensus price target of $269.00.

Insider Activity

In other Wabtec news, insider Rogerio Mendonca sold 3,500 shares of the firm's stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $264.21, for a total value of $924,735.00. Following the sale, the insider owned 10,101 shares in the company, valued at approximately $2,668,785.21. This trade represents a 25.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rafael Santana sold 1,798 shares of the business's stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $245.71, for a total value of $441,786.58. Following the transaction, the chief executive officer owned 118,749 shares of the company's stock, valued at approximately $29,177,816.79. This represents a 1.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 33,192 shares of company stock worth $8,379,272 over the last three months. Insiders own 1.10% of the company's stock.

Wabtec Trading Down 3.5%

NYSE:WAB opened at $251.64 on Friday. Wabtec has a 12-month low of $151.81 and a 12-month high of $266.27. The firm has a market capitalization of $42.91 billion, a P/E ratio of 36.84, a P/E/G ratio of 1.97 and a beta of 0.99. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.11 and a quick ratio of 0.57. The business has a 50 day simple moving average of $239.08 and a 200 day simple moving average of $214.08.

Wabtec (NYSE:WAB - Get Free Report) last issued its earnings results on Wednesday, February 11th. The transportation company reported $2.10 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.02. The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.86 billion. Wabtec had a return on equity of 14.12% and a net margin of 10.48%.The firm's revenue for the quarter was up 14.8% on a year-over-year basis. During the same period last year, the company earned $1.68 earnings per share. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. Equities research analysts predict that Wabtec will post 8.54 EPS for the current year.

Wabtec Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were given a $0.31 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $1.24 annualized dividend and a yield of 0.5%. This is a boost from Wabtec's previous quarterly dividend of $0.25. Wabtec's payout ratio is 18.16%.

Wabtec announced that its board has authorized a stock repurchase program on Wednesday, February 11th that authorizes the company to repurchase $1.20 billion in shares. This repurchase authorization authorizes the transportation company to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

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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