Value investing firm Pzena Investment Management, led by Richard Pzena, has completely sold off its position in Wabtec (WAB) during the second quarter of 2026. According to its 13F filing dated August 7, 2026, the firm liquidated its entire stake of 367,750 shares, which was previously valued at approximately $91.91 million. As with all 13F filings, this disclosure reflects portfolio changes from the preceding quarter, which ended on June 30, 2026, and does not represent real-time trading activity.
In a quarterly commentary, the firm stated the move was to fund other purchases after a period of "strong performance" from the rail equipment company's stock. This sale occurred as Wabtec reported robust second-quarter results, beating Wall Street expectations and raising its full-year financial guidance, driven by significant sales growth and a record backlog.