Wabtec (NYSE:WAB) Upgraded at Wall Street Zen

Key Points

• Wabtec was upgraded by Wall Street Zen from hold to buy, adding to a broadly positive analyst backdrop. MarketBeat says the stock now has a consensus Moderate Buy rating, with 10 Buy ratings and 2 Hold ratings.
• Second-quarter results topped expectations, with EPS of $2.76 on revenue of $3.18 billion, both above estimates. The company also raised its FY2026 EPS guidance to $10.60-$10.90, signaling continued earnings momentum.
• Shares have been strong, opening near a 52-week high after rising 1.4% to $302.22. Analyst price targets have also moved higher following the earnings beat, while institutional ownership remains high at 91.69%.

Wabtec (NYSE:WAB - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.

WAB has been the subject of several other reports. Wolfe Research restated an "outperform" rating and issued a $303.00 price objective on shares of Wabtec in a research note on Thursday, April 23rd. Stephens upped their target price on Wabtec from $320.00 to $330.00 and gave the company an "overweight" rating in a research report on Thursday. Citigroup cut their price target on shares of Wabtec from $313.00 to $311.00 and set a "buy" rating on the stock in a report on Monday, July 13th. JPMorgan Chase & Co. raised their price target on shares of Wabtec from $300.00 to $315.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, Susquehanna lifted their price objective on shares of Wabtec from $305.00 to $340.00 and gave the company a "positive" rating in a research note on Thursday. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $310.64.

Wabtec Trading Up 1.4%

NYSE:WAB opened at $302.22 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.54 and a debt-to-equity ratio of 0.44. The firm has a fifty day simple moving average of $265.80 and a 200-day simple moving average of $255.16. Wabtec has a 12 month low of $184.26 and a 12 month high of $302.96. The company has a market capitalization of $51.05 billion, a P/E ratio of 40.62, a PEG ratio of 2.03 and a beta of 0.94.

Wabtec (NYSE:WAB - Get Free Report) last issued 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 company had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same quarter last year, the business posted $2.27 EPS. The firm's quarterly revenue was up 17.5% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. On average, equities research analysts anticipate that Wabtec will post 10.82 earnings per share for the current year.

Insider Activity at Wabtec

In related news, insider Sameer Gaur sold 1,082 shares of Wabtec stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $263.50, for a total transaction of $285,107.00. Following the completion of the transaction, the insider directly owned 11,985 shares in the company, valued at approximately $3,158,047.50. This trade represents a 8.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rafael Santana sold 1,163 shares of the company's stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $261.06, for a total value of $303,612.78. Following the completion of the sale, the chief executive officer owned 124,077 shares in the company, valued at approximately $32,391,541.62. This represents a 0.93% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 5,734 shares of company stock valued at $1,504,571. 0.57% of the stock is owned by company insiders.

Institutional Trading of Wabtec

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WAB. Price T Rowe Associates Inc. MD raised its position in shares of Wabtec by 20.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company's stock worth $1,700,238,000 after acquiring an additional 1,344,744 shares during the period. State Street Corp grew its position in shares of Wabtec by 2.6% during the 4th quarter. State Street Corp now owns 7,658,040 shares of the transportation company's stock valued at $1,634,609,000 after acquiring an additional 197,610 shares during the period. Geode Capital Management LLC grew its position in shares of 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. Wellington Management Group LLP increased its stake in shares of Wabtec by 3.6% in the 3rd quarter. Wellington Management Group LLP now owns 3,304,183 shares of the transportation company's stock valued at $662,390,000 after purchasing an additional 116,329 shares in the last quarter. Finally, Farallon Capital Management LLC increased its stake in shares of Wabtec by 12.3% in the 4th quarter. Farallon Capital Management LLC now owns 2,476,003 shares of the transportation company's stock valued at $528,503,000 after purchasing an additional 270,905 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company's stock.

Key Wabtec News

Here are the key news stories impacting Wabtec this week:

• Positive Sentiment: Wabtec beat Q2 expectations with EPS of $2.76 on revenue of $3.18 billion, and management lifted FY2026 guidance to $10.60-$10.90 in adjusted EPS, reinforcing the company’s earnings momentum. Wabtec Shares Rise After 2Q Earnings Beat Estimates
• Positive Sentiment: Analysts turned more constructive after results, with JPMorgan, Wells Fargo, Stephens, KeyCorp, and Susquehanna all raising price targets, while several firms reiterated overweight/positive views. These Analysts Raise Their Forecasts On Wabtec After Upbeat Q2 Results
• Positive Sentiment: Multiple technical commentary pieces pointed to bullish momentum, including a golden cross signal and a move above the 50-day moving average, which can attract momentum investors. Westinghouse Air Brake Technologies (WAB) Just Flashed Golden Cross Signal: Do You Buy?
• Positive Sentiment: Wabtec also announced a reported $1 billion deal with an Australian company during earnings, adding to optimism around future growth opportunities. Wabtec CEO unveils $1B deal with Australian company during earnings
• Neutral Sentiment: Commentary highlighted Wabtec as a strong momentum stock and noted a new 52-week high, but these were largely follow-up pieces reflecting the post-earnings rally rather than new fundamental catalysts. Westinghouse Air Brake Technologies (WAB) is a Great Momentum Stock: Should You Buy?

About Wabtec

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.

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