Rhumbline Advisers Has $66.34 Million Stake in Wabtec $WAB

Rhumbline Advisers raised its holdings in Wabtec (NYSE:WAB) by 3.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 330,938 shares of the transportation company’s stock after purchasing an additional 11,469 shares during the period. Rhumbline Advisers owned approximately 0.19% of Wabtec worth $66,343,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Empowered Funds LLC grew its stake in Wabtec by 240.8% during the second quarter. Empowered Funds LLC now owns 15,924 shares of the transportation company’s stock worth $3,334,000 after buying an additional 11,252 shares in the last quarter. Varenne Capital Partners boosted its stake in Wabtec by 39.5% in the second quarter. Varenne Capital Partners now owns 277,078 shares of the transportation company’s stock valued at $58,006,000 after buying an additional 78,394 shares in the last quarter. Quantbot Technologies LP bought a new position in Wabtec in the second quarter valued at about $9,371,000. Mediolanum International Funds Ltd bought a new position in Wabtec in the second quarter valued at about $8,201,000. Finally, Neuberger Berman Group LLC lifted its holdings in shares of Wabtec by 5.2% in the second quarter. Neuberger Berman Group LLC now owns 229,233 shares of the transportation company’s stock worth $47,990,000 after acquiring an additional 11,406 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Key Wabtec News

Here are the key news stories impacting Wabtec this week:

• Positive Sentiment: Q4 results beat consensus and management issued upbeat FY‑2026 guidance — EPS and revenue topped estimates, adjusted EPS jumped y/y, and management raised FY guidance for both EPS (10.05–10.45) and revenue ($12.2–12.5B), signaling stronger-than-expected demand and margin outlook. Wabtec (NYSE:WAB) Delivers Strong Q4 CY2025 Numbers
• Positive Sentiment: Record backlog and large locomotive contracts support multi-year revenue visibility — backlog hit ~$27B and Wabtec cited major new orders (including ~$2.5B in locomotive deals), underpinning revenue growth and aftermarket services. Wabtec sales increase in fourth quarter as backlog hits record levels
• Positive Sentiment: $1.2 billion share buyback authorized — board approval to repurchase up to ~2.9% of shares can support EPS and signal management confidence in valuation. RTT News – Stock Buybacks
• Positive Sentiment: Acquisition of Dellner Couplers completed (adds safety‑critical passenger-rail tech and global footprint) — strengthens transit portfolio and should accelerate cross-selling in passenger systems. Wabtec Finalizes Acquisition of Dellner Couplers
• Positive Sentiment: Analysts are revising estimates and price targets higher — Stephens raised its price target to $290 (overweight) and other shops boosted forecasts after Q4, which could attract buy-side interest. Benzinga – Analysts Boost Forecasts
• Neutral Sentiment: Rail customer orders in the market (CSX and others) may benefit Wabtec as fleet renewals continue — CSX awarded large locomotive contracts that expand addressable market, but timing and Wabtec’s direct participation vary. Railway Gazette – CSX awards $670m contract
• Negative Sentiment: Insider selling by CEO — Rafael Santana sold ~1,798 shares (~1.49% lower personal holding), a small, disclosed sale that some traders may view negatively despite being modest relative to total holdings. SEC Form 4 – Insider Sale

Analyst Ratings Changes

Several equities analysts recently commented on WAB shares. Morgan Stanley increased their price objective on shares of Wabtec from $257.00 to $264.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. KeyCorp increased their price target on Wabtec from $240.00 to $308.00 and gave the company an “overweight” rating in a research note on Thursday. Susquehanna set a $300.00 price target on Wabtec in a research note on Thursday. Bank of America boosted their price objective on Wabtec from $228.00 to $233.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Finally, Stephens upped their target price on Wabtec from $230.00 to $290.00 and gave the stock an “overweight” rating in a report on Thursday. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Wabtec has a consensus rating of “Moderate Buy” and a consensus price target of $259.30.

Insider Buying and Selling

In other news, insider Rogerio Mendonca sold 2,019 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $214.51, for a total value of $433,095.69. Following the transaction, the insider owned 9,516 shares in the company, valued at $2,041,277.16. The trade was a 17.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Fetsko sold 5,058 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $215.72, for a total value of $1,091,111.76. Following the completion of the transaction, the insider owned 36,882 shares of the company’s stock, valued at $7,956,185.04. This trade represents a 12.06% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 15,673 shares of company stock valued at $3,420,576. Company insiders own 1.10% of the company’s stock.

Wabtec Stock Performance

Shares of Wabtec stock opened at $254.05 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.75 and a debt-to-equity ratio of 0.38. The business has a 50-day moving average price of $225.53 and a two-hundred day moving average price of $206.78. Wabtec has a 1-year low of $151.81 and a 1-year high of $262.40. The company has a market cap of $43.43 billion, a P/E ratio of 37.20, a PEG ratio of 1.74 and a beta of 1.01.

Wabtec (NYSE:WAB) last released its quarterly earnings data on Wednesday, February 11th. The transportation company reported $2.10 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.02. Wabtec had a net margin of 10.48% and a return on equity of 14.12%. The company had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.86 billion. During the same quarter in the previous year, the business posted $1.68 EPS. Wabtec’s revenue for the quarter was up 14.8% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. As a group, analysts anticipate that Wabtec will post 8.54 EPS for the current year.

Wabtec declared that its board has approved a share buyback program on Wednesday, February 11th that authorizes the company to repurchase $1.20 billion in shares. This repurchase authorization authorizes the transportation company to repurchase up to 2.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Wabtec Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th will be paid a dividend of $0.31 per share. This is an increase from Wabtec’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, February 17th. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. Wabtec’s dividend payout ratio (DPR) is presently 14.53%.

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.