Envestnet Asset Management Inc. Trims Stock Position in Wabtec $WAB

Posted by Defense World Staff on Feb 11th, 2026

Envestnet Asset Management Inc. lowered its stake in shares of Wabtec (NYSE:WAB – Free Report) by 12.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 195,432 shares of the transportation company’s stock after selling 28,634 shares during the quarter. Envestnet Asset Management Inc. owned about 0.11% of Wabtec worth $39,178,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of WAB. Vanguard Group Inc. grew its stake in shares of Wabtec by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 19,930,893 shares of the transportation company’s stock valued at $4,172,532,000 after buying an additional 493,437 shares during the period. Geode Capital Management LLC raised its holdings in shares of Wabtec by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 4,288,014 shares of the transportation company’s stock worth $893,830,000 after purchasing an additional 30,489 shares during the period. Boston Partners lifted its stake in shares of Wabtec by 9.0% in the 2nd quarter. Boston Partners now owns 2,261,456 shares of the transportation company’s stock valued at $471,410,000 after purchasing an additional 186,248 shares in the last quarter. Nordea Investment Management AB raised its holdings in Wabtec by 24.0% in the third quarter. Nordea Investment Management AB now owns 1,974,257 shares of the transportation company’s stock valued at $393,252,000 after buying an additional 381,728 shares during the period. Finally, Norges Bank purchased a new stake in Wabtec during the second quarter worth approximately $347,194,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Key Wabtec News

Here are the key news stories impacting Wabtec this week:

Positive Sentiment: CSX awarded Wabtec a major fleet modernization order (~$670M) to supply and upgrade locomotives — a clear near-term revenue/bookings boost. CSX signs $670M deal with Wabtec to modernize locomotive fleet with new and upgraded units
Positive Sentiment: Wabtec announced roughly $2.5 billion in train-related deals (broader order momentum beyond CSX) that support forward backlog and potential production leverage. Wabtec signs $2.5 billion in train deals. Will there be new Erie jobs?
Positive Sentiment: Wabtec boosted its quarterly dividend by 24% to $0.31, signaling cash-flow confidence and making the stock more attractive to income-focused investors. Wabtec Rewards Shareholders With 24% Hike in Quarterly Dividend
Positive Sentiment: Short interest fell ~13.9% in January to ~1.82M shares (1.1% of float) with a short-interest ratio of ~2.8 days — reduced short pressure can amplify upside on positive news.
Neutral Sentiment: Market participants are awaiting Wabtec’s Q4 earnings/report preview — expectations and guidance will be key to sustaining the rally. Wabtec (WAB) Q4 Earnings Report Preview: What To Look For

Wabtec Stock Up 0.5%

WAB stock opened at $245.99 on Wednesday. The company has a current ratio of 1.42, a quick ratio of 0.75 and a debt-to-equity ratio of 0.45. The firm has a 50 day simple moving average of $223.92 and a 200-day simple moving average of $206.12. The company has a market capitalization of $42.05 billion, a P/E ratio of 35.75, a PEG ratio of 1.67 and a beta of 1.01. Wabtec has a twelve month low of $151.81 and a twelve month high of $248.78.

Wabtec Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This is a positive change from Wabtec’s previous quarterly dividend of $0.25. This represents a $1.24 annualized dividend and a dividend yield of 0.5%. Wabtec’s dividend payout ratio is 14.53%.

Insider Transactions at Wabtec

In related news, CEO Rafael Santana sold 1,798 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $212.17, for a total value of $381,481.66. Following the completion of the sale, the chief executive officer directly owned 125,941 shares of the company’s stock, valued at $26,720,901.97. The trade was a 1.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Fetsko sold 5,058 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $215.72, for a total value of $1,091,111.76. Following the transaction, the insider directly owned 36,882 shares in the company, valued at approximately $7,956,185.04. This represents a 12.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 13,875 shares of company stock valued at $2,978,789 over the last ninety days. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on WAB shares. JPMorgan Chase & Co. lifted their target price on shares of Wabtec from $215.00 to $245.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Susquehanna upped their target price on Wabtec from $240.00 to $280.00 and gave the stock a “positive” rating in a research report on Monday, January 26th. Wolfe Research upgraded Wabtec from a “peer perform” rating to an “outperform” rating and set a $245.00 target price on the stock in a report on Thursday, January 8th. Morgan Stanley boosted their price target on Wabtec from $257.00 to $264.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. Finally, Citigroup increased their price objective on shares of Wabtec from $245.00 to $258.00 and gave the company a “buy” rating in a research report on Friday, January 9th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Wabtec has an average rating of “Moderate Buy” and a consensus price target of $241.00.

Read Our Latest Stock Analysis on WAB

Wabtec Profile

(Free Report)

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.