Wabtec $WAB Shares Sold by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management reduced its Wabtec stake by 3.1% in the second quarter, selling 5,642 shares and retaining 177,316 shares valued at approximately $47.8 million. Institutional investors collectively own 91.69% of the company.
• Wabtec exceeded quarterly expectations, reporting $2.76 in EPS on $3.18 billion in revenue, with revenue up 17.5% year over year. The company issued fiscal 2026 EPS guidance of $10.60 to $10.90.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $313.82; targets range as high as $355. Wabtec also pays a quarterly dividend of $0.31, yielding approximately 0.4%.

Envestnet Asset Management Inc. lessened its holdings in shares of Wabtec (NYSE:WAB - Free Report) by 3.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,316 shares of the transportation company's stock after selling 5,642 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.10% of Wabtec worth $47,803,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in Wabtec during the second quarter valued at approximately $26,000. Whipplewood Advisors LLC acquired a new position in Wabtec in the 1st quarter valued at approximately $25,000. Bell Investment Advisors Inc purchased a new stake in Wabtec in the 2nd quarter worth approximately $29,000. Fiduciary Financial Advisors purchased a new stake in Wabtec in the 2nd quarter worth approximately $29,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Wabtec by 125.9% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company's stock valued at $28,000 after buying an additional 73 shares during the period. Institutional investors and hedge funds own 91.69% of the company's stock.

Wabtec Trading Down 0.1%

Wabtec stock opened at $287.82 on Monday. Wabtec has a one year low of $186.06 and a one year high of $306.64. The company's fifty day moving average price is $289.55 and its two-hundred day moving average price is $270.47. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 0.59. The company has a market capitalization of $48.62 billion, a price-to-earnings ratio of 38.68, a PEG ratio of 1.94 and a beta of 0.92.

Wabtec (NYSE:WAB - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.60 by $0.16. The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.07 billion. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.The firm's revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. On average, analysts forecast that Wabtec will post 10.89 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th were given a $0.31 dividend. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.4%. Wabtec's dividend payout ratio (DPR) is currently 16.67%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Wall Street Zen cut shares of Wabtec from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. Wells Fargo & Company increased their price objective on Wabtec from $284.00 to $315.00 and gave the stock an "equal weight" rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. lifted their price objective on Wabtec from $315.00 to $320.00 and gave the company a "neutral" rating in a research report on Monday, September 21st. Weiss Ratings restated a "buy (b)" rating on shares of Wabtec in a research note on Friday, July 17th. Finally, Morgan Stanley upped their target price on Wabtec from $318.00 to $355.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $313.82.

Insiders Place Their Bets

In other news, CEO Rafael Santana sold 1,163 shares of Wabtec stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $299.04, for a total value of $347,783.52. Following the transaction, the chief executive officer directly owned 120,588 shares in the company, valued at approximately $36,060,635.52. The trade was a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Gregory Sbrocco sold 952 shares of the business's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $300.00, for a total value of $285,600.00. Following the transaction, the executive vice president directly owned 21,043 shares of the company's stock, valued at $6,312,900. This represents a 4.33% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 17,628 shares of company stock valued at $5,220,523 in the last three months. Company insiders own 0.57% of the company's stock.

About Wabtec

Westinghouse Air Brake Technologies Corporation, known as Wabtec, is a global provider of equipment, systems, and services for the freight and transit rail industries. The company develops technologies designed to improve the safety, efficiency, reliability, and environmental performance of rail transportation.

Wabtec's products and services include locomotives and locomotive components, braking systems, rail-control and signaling technologies, digital train-management solutions, and equipment for freight cars and passenger rail vehicles.

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