Wabtec (NYSE:WAB) Given New $315.00 Price Target at Wells Fargo & Company

Wabtec (NYSE:WAB) had its price objective lifted by investment analysts at Wells Fargo & Company from $284.00 to $315.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the transportation company’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 7.98% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a research note on Friday, July 17th. Citigroup dropped their target price on shares of Wabtec from $313.00 to $311.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. Rothschild & Co Redburn raised shares of Wabtec from a “neutral” rating to a “buy” rating and boosted their price target for the company from $262.00 to $285.00 in a research report on Thursday, March 26th. Jefferies Financial Group reissued a “buy” rating and issued a $290.00 target price (down from $300.00) on shares of Wabtec in a research report on Tuesday, March 31st. Finally, KeyCorp upped their price target on shares of Wabtec from $308.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $305.64.

Wabtec Trading Up 0.6%

Shares of NYSE:WAB opened at $291.72 on Thursday. The company has a market cap of $49.50 billion, a PE ratio of 41.64, a P/E/G ratio of 1.88 and a beta of 0.94. The company’s 50 day moving average is $264.47 and its two-hundred day moving average is $254.26. Wabtec has a 52 week low of $184.26 and a 52 week high of $295.41. The company has a current ratio of 1.02, a quick ratio of 0.54 and a debt-to-equity ratio of 0.42.

Wabtec (NYSE:WAB) last posted its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share for the quarter, beating 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 14.52% and a net margin of 10.52%.Wabtec’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period last year, the firm earned $2.27 earnings per share. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Equities analysts predict that Wabtec will post 10.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Wabtec news, CEO Rafael Santana sold 1,163 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $262.07, for a total transaction of $304,787.41. Following the transaction, the chief executive officer owned 122,914 shares in the company, valued at approximately $32,212,071.98. The trade was a 0.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sameer Gaur sold 1,082 shares of Wabtec stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $263.50, for a total value of $285,107.00. Following the completion of the sale, the insider 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 5,734 shares of company stock worth $1,504,571 in the last ninety days. 0.57% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Wabtec

Several hedge funds and other institutional investors have recently bought and sold shares of WAB. SG Americas Securities LLC raised its position in shares of Wabtec by 809.6% in the fourth quarter. SG Americas Securities LLC now owns 152,297 shares of the transportation company’s stock valued at $32,508,000 after buying an additional 135,553 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Wabtec by 5.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 85,485 shares of the transportation company’s stock worth $18,247,000 after acquiring an additional 4,266 shares during the period. Azzad Asset Management Inc. ADV grew its stake in Wabtec by 47.7% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 8,710 shares of the transportation company’s stock worth $1,859,000 after acquiring an additional 2,811 shares during the period. Exchange Traded Concepts LLC raised its holdings in Wabtec by 897.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 15,502 shares of the transportation company’s stock valued at $3,309,000 after acquiring an additional 13,948 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Wabtec by 24,274.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 323,936 shares of the transportation company’s stock worth $69,144,000 after purchasing an additional 322,607 shares during the period. 91.69% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Wabtec

Here are the key news stories impacting Wabtec this week:

• Positive Sentiment: Susquehanna raised its price target on Wabtec to $340 from $305 and kept a positive rating, signaling confidence in further upside. Benzinga
• Positive Sentiment: KeyCorp increased its price target to $340 from $308 and reiterated an overweight rating, adding to the bullish analyst momentum. The Fly
• Positive Sentiment: Wabtec’s Q2 results topped estimates on both earnings and revenue, with broad-based growth from Freight and Transit segments and margin improvement supporting the stock’s move up. Zacks
• Positive Sentiment: The company raised its FY2026 outlook, which suggests management sees continued demand and better-than-expected operating performance ahead. Seeking Alpha
• Neutral Sentiment: Wabtec also drew attention for a community-service story involving interns helping preserve Erie’s Brig Niagara, which is not likely to have a material stock impact. Erie News Now

Wabtec Company Profile

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.