Wabtec (NYSE:WAB – Free Report) had its target price raised by JPMorgan Chase & Co. from $315.00 to $320.00 in a report published on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the transportation company’s stock.
A number of other equities analysts have also weighed in on WAB. Wall Street Zen lowered shares of Wabtec from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a research note on Friday, July 17th. Stephens lifted their target price on Wabtec from $320.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Morgan Stanley boosted their price target on Wabtec from $318.00 to $355.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Finally, Wells Fargo & Company increased their price objective on Wabtec from $284.00 to $315.00 and gave the company an “equal weight” rating in a research report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Wabtec presently has a consensus rating of “Moderate Buy” and an average price target of $313.82.
View Our Latest Stock Analysis on Wabtec
Wabtec Price Performance
Wabtec (NYSE:WAB – Get Free Report) 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 company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.07 billion. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. Wabtec’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Sell-side analysts predict that Wabtec will post 10.86 earnings per share for the current fiscal year.
Wabtec Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th were issued a $0.31 dividend. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $1.24 annualized dividend and a dividend yield of 0.4%. Wabtec’s payout ratio is presently 16.67%.
Insider Buying and Selling
In other news, CTO Eric Gebhardt sold 7,100 shares of the company’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $299.27, for a total value of $2,124,817.00. Following the completion of the sale, the chief technology officer directly owned 19,153 shares in the company, valued at $5,731,918.31. This represents a 27.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Rafael Santana sold 1,163 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $262.07, for a total value of $304,787.41. Following the completion of the sale, the chief executive officer owned 122,914 shares of the company’s stock, valued at approximately $32,212,071.98. The trade was a 0.94% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 17,628 shares of company stock valued at $5,220,523 in the last 90 days. Insiders own 0.57% of the company’s stock.
Institutional Trading of Wabtec
Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Wabtec in the second quarter worth approximately $3,741,077,000. Geode Capital Management LLC boosted its holdings in Wabtec by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 4,366,157 shares of the transportation company’s stock valued at $928,249,000 after acquiring an additional 38,029 shares during the period. Amundi boosted its holdings in Wabtec by 43.9% during the 2nd quarter. Amundi now owns 1,580,919 shares of the transportation company’s stock valued at $426,216,000 after acquiring an additional 482,323 shares during the period. Norges Bank bought a new position in Wabtec in the 4th quarter valued at $409,039,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Wabtec by 2.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,424,945 shares of the transportation company’s stock valued at $384,165,000 after acquiring an additional 33,942 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.
Wabtec News Summary
Here are the key news stories impacting Wabtec this week:
- Positive Sentiment: Wabtec signed a more than $700 million, long-term rail services agreement with La Compagnie du TransGuinéen to support Evolution Series locomotives operating on Guinea’s Simandou mining railway. The contract is Wabtec’s largest services deal in Africa and lifts the company’s total Simandou project commitments—including prior locomotive orders—to more than $1.2 billion. The recurring services revenue improves backlog visibility and expands Wabtec’s presence in a major mining infrastructure project. Wabtec and La Compagnie du TransGuinéen Sign a $700 Million plus Rail Services Agreement
- Positive Sentiment: The company’s latest quarterly results exceeded expectations, with adjusted EPS of $2.76 versus the $2.60 consensus estimate and revenue of $3.18 billion, up 17.5% year over year. Wabtec also maintained fiscal 2026 EPS guidance of $10.60-$10.90, reinforcing the favorable earnings momentum that has helped keep shares near record levels. Wabtec stock extends gains after strong Q2 2026 results and higher guidance
- Positive Sentiment: JPMorgan raised its Wabtec price target from $315 to $320. Although the firm retained a neutral rating, the higher target indicates improved valuation support and reflects confidence in the company’s earnings outlook. Wabtec Price Target Raised to $320
- Neutral Sentiment: At roughly 28 times earnings, Wabtec’s valuation is relatively demanding, and JPMorgan’s neutral stance signals that much of the strong operating performance may already be reflected in the stock. Execution on the Guinea project and continued delivery against fiscal 2026 guidance remain important catalysts.
Wabtec Company Profile
Westinghouse Air Brake Technologies Corporation, known as Wabtec, is a global provider of equipment, systems, and services for the freight and transit rail industries. The company develops technologies designed to improve the safety, efficiency, reliability, and environmental performance of rail transportation.
Wabtec’s products and services include locomotives and locomotive components, braking systems, rail-control and signaling technologies, digital train-management solutions, and equipment for freight cars and passenger rail vehicles.
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