Wabtec $WAB Shares Bought by MAI Capital Management

MAI Capital Management raised its stake in Wabtec (NYSE:WAB) by 401.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 4,521 shares of the transportation company’s stock after acquiring an additional 3,620 shares during the period. MAI Capital Management’s holdings in Wabtec were worth $906,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Y Intercept Hong Kong Ltd purchased a new position in Wabtec in the 2nd quarter valued at $334,000. Assetmark Inc. lifted its stake in shares of Wabtec by 12.1% in the 2nd quarter. Assetmark Inc. now owns 8,236 shares of the transportation company’s stock worth $1,724,000 after acquiring an additional 887 shares during the period. Savvy Advisors Inc. purchased a new stake in shares of Wabtec in the second quarter valued at about $234,000. Gilbert & Cook Inc. increased its stake in shares of Wabtec by 2.6% during the second quarter. Gilbert & Cook Inc. now owns 3,103 shares of the transportation company’s stock worth $650,000 after acquiring an additional 79 shares during the period. Finally, State of Michigan Retirement System raised its holdings in Wabtec by 1.0% during the second quarter. State of Michigan Retirement System now owns 50,016 shares of the transportation company’s stock worth $10,471,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Insider Activity

In other news, CFO John A. Olin sold 11,000 shares of the business’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $263.30, for a total value of $2,896,300.00. Following the completion of the transaction, the chief financial officer directly owned 60,487 shares of the company’s stock, valued at $15,926,227.10. The trade was a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Nalin Jain sold 7,936 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $264.09, for a total value of $2,095,818.24. Following the completion of the sale, the insider owned 6,364 shares in the company, valued at $1,680,668.76. This represents a 55.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 40,211 shares of company stock worth $9,885,467. 1.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Wabtec from $215.00 to $245.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a research note on Wednesday, January 21st. Wall Street Zen raised Wabtec from a “hold” rating to a “buy” rating in a report on Monday. Stephens raised their target price on Wabtec from $230.00 to $290.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Finally, Wolfe Research upgraded shares of Wabtec from a “peer perform” rating to an “outperform” rating and set a $245.00 target price on the stock in a research report on Thursday, January 8th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Wabtec presently has an average rating of “Moderate Buy” and a consensus target price of $269.00.

Wabtec News Roundup

Here are the key news stories impacting Wabtec this week:

• Positive Sentiment: Wabtec and Progress Rail reached a settlement in the antitrust lawsuit, ending a source of regulatory and legal uncertainty. Management and Progress Rail said the settlement is in the best interests of customers and avoids protracted litigation — a removal of overhang that can support the valuation. Business Wire: Settlement
• Positive Sentiment: Recent quarterly results and FY‑2026 guidance remain supportive: Wabtec beat Q4 revenue and EPS estimates and gave FY26 EPS guidance of $10.05–$10.45, reinforcing growth expectations that underlie the stock’s premium multiple. (See company releases summarized in recent coverage.)
• Positive Sentiment: Capital returns: the board authorized a $1.2 billion buyback program and the quarterly dividend was raised (to $0.31 per share). Both actions signal management confidence and can underpin the share price via reduced float and income appeal.
• Neutral Sentiment: Analyst coverage is broadly constructive but mixed on conviction — several firms raised targets (Wells Fargo, Morgan Stanley, Citi) while others trimmed ratings; consensus remains a “Moderate Buy” with an average target near $269, providing upside but also differing views on near-term catalysts.
• Negative Sentiment: Multiple insider sales this week (CFO John Olin, director/executive Nalin Jain, and Sameer Gaur among others) — sizable dispositions at ~ $262–$264 per share — may concern some investors about near-term insider sentiment or tax/liquidity-driven selling. Filings: SEC and reporting outlets detail the transactions. SEC: Sameer Gaur Form 4

Wabtec Trading Up 0.2%

NYSE:WAB opened at $263.91 on Monday. The company has a market capitalization of $45.00 billion, a PE ratio of 38.64, a price-to-earnings-growth ratio of 1.99 and a beta of 0.99. The company has a quick ratio of 0.57, a current ratio of 1.11 and a debt-to-equity ratio of 0.38. Wabtec has a 52-week low of $151.81 and a 52-week high of $266.27. The stock has a fifty day simple moving average of $235.95 and a 200-day simple moving average of $212.47.

Wabtec (NYSE:WAB) last issued its quarterly earnings data on Wednesday, February 11th. The transportation company reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.02. The firm had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.86 billion. Wabtec had a net margin of 10.48% and a return on equity of 14.12%. The firm’s revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.68 EPS. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. On average, equities research analysts expect that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec declared that its board has initiated a share buyback plan on Wednesday, February 11th that permits the company to repurchase $1.20 billion in outstanding shares. This repurchase authorization permits the transportation company to purchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Wabtec Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th will be paid a dividend of $0.31 per share. This is a positive change from Wabtec’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.5%. Wabtec’s dividend payout ratio is 18.16%.

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.