QRG Capital Management Inc. Buys 4,878 Shares of Wabtec $WAB

Posted by on Sep 23rd, 2026

QRG Capital Management Inc. increased its stake in shares of Wabtec (NYSE:WAB – Free Report) by 5.5% during the second quarter, HoldingsChannel reports. The fund owned 93,442 shares of the transportation company’s stock after buying an additional 4,878 shares during the period. QRG Capital Management Inc.’s holdings in Wabtec were worth $25,192,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in Wabtec in the 2nd quarter worth $3,741,077,000. Norges Bank acquired a new stake in shares of Wabtec in the 4th quarter valued at about $409,039,000. Bank of New York Mellon Corp acquired a new stake in shares of Wabtec in the 2nd quarter valued at about $212,692,000. Deutsche Bank AG bought a new stake in shares of Wabtec in the second quarter valued at about $207,228,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Wabtec by 288.0% in the first quarter. Assenagon Asset Management S.A. now owns 851,733 shares of the transportation company’s stock valued at $212,857,000 after purchasing an additional 632,218 shares in the last quarter. 91.69% of the stock is owned by institutional investors.

Trending Headlines about Wabtec

Here are the key news stories impacting Wabtec this week:

  • Positive Sentiment: Large Simandou services contract: 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 600-kilometer Simandou mining railway. Including locomotive orders announced in 2024, Wabtec’s total Simandou-related business now exceeds $1.2 billion. The contract expands the company’s higher-visibility, recurring services revenue and represents its largest services deal in Africa. Wabtec and La Compagnie du TransGuinéen Sign a $700 Million plus Rail Services Agreement
  • Positive Sentiment: Analyst remains bullish: Bank of America analyst Ken Hoexter reiterated a Buy rating and maintained a $322 price target, citing Wabtec’s expanding international services business and robust backlog. The target implies additional upside from recent trading levels. Analyst Reiterates Buy on Wabtec
  • Neutral Sentiment: Additional international demand: Kyrgyzstan reportedly plans to purchase 10 U.S.-made freight locomotives for fleet modernization. While potentially supportive of Wabtec’s locomotive business, the reports do not clearly establish the final supplier or contract value. Kyrgyzstan to buy 10 freight locomotives from U.S.
  • Neutral Sentiment: Colorado River legislation: A proposed federal water-infrastructure bill could benefit engineering and construction companies, but Wabtec is not identified as a relevant beneficiary and has limited direct exposure to water projects. The legislation is therefore unlikely to materially affect Wabtec’s valuation.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WAB. JPMorgan Chase & Co. upped their price objective on Wabtec from $315.00 to $320.00 and gave the stock a “neutral” rating in a research report on Monday. Wall Street Zen lowered Wabtec from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Susquehanna boosted their target price on Wabtec from $305.00 to $340.00 and gave the company a “positive” rating in a research note on Thursday, July 23rd. Morgan Stanley upped their price target on Wabtec from $318.00 to $355.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Finally, Citigroup raised their price target on shares of Wabtec from $311.00 to $341.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Wabtec has an average rating of “Moderate Buy” and an average target price of $313.82.

Get Our Latest Analysis on Wabtec

Wabtec Stock Up 1.0%

NYSE WAB traded up $2.80 during trading hours on Wednesday, hitting $292.51. 826,622 shares of the company traded hands, compared to its average volume of 915,485. 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 business’s 50-day moving average is $287.86 and its 200-day moving average is $269.57. The stock has a market capitalization of $49.41 billion, a price-to-earnings ratio of 39.32, a P/E/G ratio of 1.92 and a beta of 0.92. Wabtec has a twelve month low of $186.06 and a twelve month high of $306.64.

Wabtec (NYSE:WAB – Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.60 by $0.16. The company had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.07 billion. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.The business’s revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Sell-side analysts anticipate that Wabtec will post 10.86 earnings per share for the current year.

Wabtec Announces Dividend

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

Insider Activity

In other news, EVP Gregory Sbrocco sold 952 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $300.00, for a total transaction of $285,600.00. Following the transaction, the executive vice president directly owned 21,043 shares in the company, valued at $6,312,900. The trade was a 4.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sameer Gaur sold 1,000 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $300.64, for a total transaction of $300,640.00. Following the completion of the sale, the insider directly owned 10,985 shares in the company, valued at approximately $3,302,530.40. The trade was a 8.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 17,628 shares of company stock valued at $5,220,523. 0.57% of the stock is owned by corporate insiders.

Wabtec Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Wabtec (NYSE:WAB)

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