Empowered Funds LLC Trims Position in Wabtec $WAB

Empowered Funds LLC trimmed its holdings in shares of Wabtec (NYSE:WAB) by 38.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,865 shares of the transportation company’s stock after selling 6,199 shares during the period. Empowered Funds LLC’s holdings in Wabtec were worth $2,660,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Guggenheim Capital LLC increased its stake in shares of Wabtec by 7.4% in the second quarter. Guggenheim Capital LLC now owns 4,938 shares of the transportation company’s stock worth $1,034,000 after acquiring an additional 342 shares during the period. Bank of Nova Scotia raised its holdings in shares of 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 purchasing an additional 97 shares during the last quarter. Nebula Research & Development LLC lifted its position in Wabtec by 208.7% during the second quarter. Nebula Research & Development LLC now owns 5,386 shares of the transportation company’s stock valued at $1,128,000 after purchasing an additional 3,641 shares during the period. Treasurer of the State of North Carolina lifted its position 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 valued at $19,281,000 after purchasing an additional 9,545 shares during the period. Finally, Ieq Capital LLC boosted its holdings in Wabtec by 19.2% in the second quarter. Ieq Capital LLC now owns 30,352 shares of the transportation company’s stock valued at $6,354,000 after purchasing an additional 4,889 shares during the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

Wabtec Stock Performance

Shares of NYSE WAB opened at $279.95 on Thursday. The company’s fifty day moving average price is $283.17 and its 200 day moving average price is $267.61. Wabtec has a 1 year low of $184.26 and a 1 year high of $306.64. The company has a market capitalization of $47.29 billion, a PE ratio of 37.63, a price-to-earnings-growth ratio of 1.89 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 (NYSE:WAB) last released its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share for the quarter, beating analysts’ consensus estimates of $2.60 by $0.16. The company had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.07 billion. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.27 earnings per share. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. On average, research analysts predict that Wabtec will post 10.86 earnings per share for the current year.

Wabtec Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th were given a dividend of $0.31 per share. The ex-dividend date 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 16.67%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on WAB shares. KeyCorp increased their price target on Wabtec from $308.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Susquehanna boosted their price objective on Wabtec from $305.00 to $340.00 and gave the company a “positive” rating in a report on Thursday, July 23rd. Citigroup upped their target price on Wabtec from $311.00 to $341.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Wall Street Zen lowered Wabtec from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Finally, JPMorgan Chase & Co. lifted their price target on Wabtec from $300.00 to $315.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $313.36.

Insider Transactions at Wabtec

In other Wabtec news, CEO Rafael Santana sold 1,163 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $261.06, for a total value of $303,612.78. Following the sale, the chief executive officer directly owned 124,077 shares of the company’s stock, valued at approximately $32,391,541.62. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Fetsko sold 3,250 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $293.22, for a total value of $952,965.00. Following the completion of the sale, the insider owned 37,380 shares of the company’s stock, valued at $10,960,563.60. This trade represents a 8.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 21,036 shares of company stock worth $6,113,542 over the last quarter. Company insiders own 0.57% of the company’s stock.

Wabtec Company 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.