PNC Financial Services Group Inc. Acquires 29,017 Shares of Wabtec $WAB

PNC Financial Services Group Inc. increased its holdings in shares of Wabtec (NYSE:WAB) by 5.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 564,462 shares of the transportation company’s stock after purchasing an additional 29,017 shares during the period. PNC Financial Services Group Inc.’s holdings in Wabtec were worth $141,065,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of Wabtec by 20.3% during the 4th 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 buying an additional 1,344,744 shares in the last quarter. State Street Corp increased its stake in shares of Wabtec by 2.6% in 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 in the last quarter. Geode Capital Management LLC lifted 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 lifted its position in shares of Wabtec by 3.6% during 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 acquiring an additional 116,329 shares during the period. Finally, Farallon Capital Management LLC boosted its stake in Wabtec by 12.3% during the fourth quarter. Farallon Capital Management LLC now owns 2,476,003 shares of the transportation company’s stock worth $528,503,000 after acquiring an additional 270,905 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.

Insider Transactions at Wabtec

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

Wabtec Price Performance

Shares of WAB opened at $290.15 on Thursday. The business’s fifty day moving average is $264.47 and its 200 day moving average is $254.26. Wabtec has a 12-month low of $184.26 and a 12-month high of $295.41. The company has a quick ratio of 0.54, a current ratio of 1.02 and a debt-to-equity ratio of 0.42. The stock has a market cap of $49.23 billion, a P/E ratio of 41.04, a P/E/G ratio of 1.88 and a beta of 0.94.

Wabtec (NYSE:WAB) last announced its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $2.76 EPS for the quarter, beating analysts’ consensus estimates of $2.60 by $0.16. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. The business had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the previous year, the business posted $2.27 EPS. Wabtec’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. Sell-side analysts anticipate that Wabtec will post 10.64 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Tuesday, August 18th. Wabtec’s dividend payout ratio (DPR) is currently 17.54%.

More Wabtec News

Here are the key news stories impacting Wabtec this week:

• Positive Sentiment: Wabtec beat Q2 expectations on both earnings and revenue, reporting adjusted EPS of $2.76 versus estimates near $2.60-$2.63 and revenue of $3.18 billion versus about $3.07 billion expected. Wabtec Shares Rise After 2Q Earnings Beat Estimates
• Positive Sentiment: The company lifted FY2026 guidance, now expecting revenue of about $12.3 billion-$12.6 billion and adjusted EPS of $10.60-$10.90, signaling management sees stronger demand and earnings momentum ahead. Wabtec forecasts 2026 revenue of about $12.5B and adjusted EPS of $10.60-$10.90 as it raises guidance
• Positive Sentiment: Growth was broad-based across Freight and Transit, helped by stronger locomotive deliveries, acquisition-driven transit sales, and margin expansion; Wabtec also highlighted a large backlog of $30.93 billion, which supports visibility into future revenue. Wabtec Reports Strong Second Quarter 2026 Results, Announces Increase to Full-Year Revenue & Adjusted EPS Guidance
• Neutral Sentiment: Investor attention is also on the company’s strong operating performance and “Strong 1H26” commentary, reinforcing the view that recent gains are tied to solid fundamentals rather than a one-time event. Wabtec: ‘Strong’ 1H26
• Neutral Sentiment: Community-oriented news, such as Wabtec interns helping preserve Erie’s Brig Niagara, is positive for the company’s image but is unlikely to be a major stock driver. Wabtec Interns Give Back, Help Preserve Erie’s Brig Niagara

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Morgan Stanley restated an “overweight” rating and issued a $318.00 price target on shares of Wabtec in a report on Monday, April 27th. JPMorgan Chase & Co. upped their price objective on shares of Wabtec from $290.00 to $300.00 and gave the company a “neutral” rating in a report on Monday, July 13th. Citigroup cut their price objective 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. Wolfe Research restated an “outperform” rating and issued a $303.00 target price on shares of Wabtec in a research note on Thursday, April 23rd. Finally, Wells Fargo & Company boosted their target price on Wabtec from $270.00 to $284.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Wabtec currently has a consensus rating of “Moderate Buy” and an average price target of $293.36.

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.