State Street Corp Has $2.13 Billion Stake in Wabtec $WAB

Key Points

• State Street increased its Wabtec stake by 2.1% to 7.91 million shares valued at approximately $2.13 billion, while institutional investors collectively own 91.69% of the company.
• Wabtec reported strong quarterly results, with revenue rising 17.5% year over year to $3.18 billion and EPS of $2.76 beating estimates. The company maintained its fiscal 2026 EPS guidance of $10.60–$10.90.
• A new services agreement worth more than $700 million with Guinea’s Simandou mining project brings Wabtec’s related business there above $1.2 billion, supporting its growth outlook; analysts maintain a consensus “Moderate Buy” rating with a $313.82 price target.

State Street Corp increased its position in Wabtec (NYSE:WAB - Free Report) by 2.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,905,748 shares of the transportation company's stock after purchasing an additional 164,806 shares during the period. State Street Corp owned approximately 4.68% of Wabtec worth $2,131,390,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Wabtec during the second quarter worth about $3,741,077,000. Norges Bank bought a new position in Wabtec in the 4th quarter valued at about $409,039,000. Bank of New York Mellon Corp acquired a new position in Wabtec during the 2nd quarter valued at about $212,692,000. Deutsche Bank AG acquired a new position in Wabtec during the 2nd quarter valued at about $207,228,000. Finally, Assenagon Asset Management S.A. increased its holdings in Wabtec by 288.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 851,733 shares of the transportation company's stock worth $212,857,000 after purchasing an additional 632,218 shares in the last quarter. Institutional investors own 91.69% of the company's stock.

Insider Buying and Selling at Wabtec

In other Wabtec news, insider Sameer Gaur sold 1,000 shares of the 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 transaction, the insider owned 10,985 shares in the company, valued at $3,302,530.40. This trade represents a 8.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Fetsko sold 3,250 shares of the business's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $293.22, for a total transaction of $952,965.00. Following the completion of the sale, the insider directly owned 37,380 shares in the company, valued at approximately $10,960,563.60. This trade represents a 8.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 17,628 shares of company stock valued at $5,220,523. Insiders own 0.57% of the company's stock.

Wabtec News Roundup

Here are the key news stories impacting Wabtec this week:

• Positive Sentiment: Wabtec signed a more than $700 million, long-term services agreement with La Compagnie du TransGuinéen to maintain and support Evolution Series locomotives serving Guinea’s Simandou mining project. The contract is Wabtec’s largest services agreement in Africa and, combined with locomotive orders announced in 2024, raises its total Simandou-related business to more than $1.2 billion. The recurring services revenue and strategic importance of the 600-kilometer mine-to-port railway are the primary catalysts for the stock. Wabtec and La Compagnie du TransGuinéen Sign a $700 Million plus Rail Services Agreement
• Positive Sentiment: Reports that Kyrgyzstan plans to purchase 10 U.S.-made freight locomotives point to additional international demand for locomotive modernization and could provide another order opportunity for Wabtec. Kyrgyzstan to buy 10 freight locomotives from U.S.
• Positive Sentiment: The Guinea announcement follows Wabtec’s recent earnings momentum: the company exceeded quarterly EPS and revenue expectations, with revenue up 17.5% year over year, while maintaining fiscal 2026 EPS guidance of $10.60 to $10.90.
• Neutral Sentiment: JPMorgan raised its Wabtec price target from $315 to $320 but kept a Neutral rating. The higher target reflects improved expectations, although it also suggests analysts see more limited upside after the stock’s strong advance. Wabtec Price Target Raised to $320.00

Wabtec Trading Up 2.2%

NYSE:WAB opened at $289.54 on Wednesday. Wabtec has a 12 month low of $186.06 and a 12 month high of $306.64. The company has a current ratio of 1.12, a quick ratio of 0.59 and a debt-to-equity ratio of 0.44. The firm's 50 day moving average is $287.86 and its 200 day moving average is $269.57. The stock has a market capitalization of $48.91 billion, a PE ratio of 38.92, a price-to-earnings-growth ratio of 1.92 and a beta of 0.92.

Wabtec (NYSE:WAB - Get Free Report) last released its earnings results 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. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.The business had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same period last year, the business posted $2.27 earnings per share. The business's revenue for the quarter was up 17.5% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Sell-side analysts expect that Wabtec will post 10.86 earnings per share for the current year.

Wabtec Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WAB. Weiss Ratings restated a "buy (b)" rating on shares of Wabtec in a report on Friday, July 17th. JPMorgan Chase & Co. increased their price target on Wabtec from $315.00 to $320.00 and gave the company a "neutral" rating in a research report on Monday. Citigroup lifted their price objective on shares of Wabtec from $311.00 to $341.00 and gave the stock a "buy" rating in a report on Thursday, August 13th. Wall Street Zen lowered shares of Wabtec from a "buy" rating to a "hold" rating in a research note on Sunday, August 2nd. Finally, Wells Fargo & Company increased their target price on shares of Wabtec from $284.00 to $315.00 and gave the company an "equal weight" rating in a report on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Wabtec has a consensus rating of "Moderate Buy" and a consensus price target of $313.82.

About Wabtec

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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