Empowered Funds LLC Sells 6,199 Shares of Wabtec $WAB

Empowered Funds LLC lowered its stake in shares of Wabtec (NYSE:WAB) by 38.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & 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 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of WAB. Equitable Holdings Inc. raised its position in shares of Wabtec by 31.0% in the 2nd quarter. Equitable Holdings Inc. now owns 2,644 shares of the transportation company’s stock worth $713,000 after acquiring an additional 626 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Wabtec during the 2nd quarter worth $274,000. Corient Private Wealth LP boosted its position in Wabtec by 13.2% during the second quarter. Corient Private Wealth LP now owns 13,654 shares of the transportation company’s stock valued at $3,682,000 after purchasing an additional 1,592 shares in the last quarter. PointState Capital LP boosted its position in Wabtec by 6.3% during the second quarter. PointState Capital LP now owns 638,455 shares of the transportation company’s stock valued at $172,127,000 after purchasing an additional 37,799 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in Wabtec by 3.2% in the second quarter. Bank of America Corp DE now owns 689,065 shares of the transportation company’s stock valued at $185,772,000 after purchasing an additional 21,366 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Wabtec Price Performance

Shares of WAB stock opened at $279.95 on Thursday. Wabtec has a fifty-two week low of $184.26 and a fifty-two week high of $306.64. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.59 and a current ratio of 1.12. The firm has a market capitalization of $47.29 billion, a price-to-earnings ratio of 37.63, a PEG ratio of 1.89 and a beta of 0.92. The stock’s 50-day simple moving average is $283.17 and its 200-day simple moving average is $267.61.

Wabtec (NYSE:WAB) last announced its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $2.76 EPS for the quarter, beating the consensus estimate of $2.60 by $0.16. The firm had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.07 billion. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. Wabtec’s revenue was up 17.5% on a year-over-year basis. During the same period last year, the firm posted $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. As a group, equities analysts forecast that Wabtec will post 10.86 earnings per share for the current fiscal year.

Wabtec Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Tuesday, August 18th. Wabtec’s payout ratio is presently 16.67%.

Insider Buying and Selling at Wabtec

In other news, insider Michael Fetsko sold 3,250 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $293.22, for a total transaction of $952,965.00. Following the sale, the insider directly owned 37,380 shares of the company’s stock, valued at $10,960,563.60. The trade was a 8.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Eric Gebhardt sold 7,100 shares of the company’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $299.27, for a total value of $2,124,817.00. Following the completion of the transaction, the chief technology officer directly owned 19,153 shares in the company, valued at approximately $5,731,918.31. The trade was a 27.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 21,036 shares of company stock valued at $6,113,542. Company insiders own 0.57% of the company’s stock.

Analyst Upgrades and Downgrades

WAB has been the subject of a number of recent research reports. Morgan Stanley boosted their target price on shares of Wabtec from $318.00 to $355.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. raised their price target on shares of Wabtec from $300.00 to $315.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Susquehanna lifted their price objective on shares of Wabtec from $305.00 to $340.00 and gave the stock a “positive” rating in a research report on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a research note on Friday, July 17th. Finally, Citigroup increased their target price on shares of Wabtec from $311.00 to $341.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. 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, Wabtec currently has an average rating of “Moderate Buy” and a consensus target price of $313.36.

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.