Analysts Set Wabtec (NYSE:WAB) Price Target at $269.00

Shares of Wabtec (NYSE:WAB) have been given an average recommendation of “Moderate Buy” by the eleven analysts that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $269.00.

Several brokerages have recently commented on WAB. Wells Fargo & Company upped their target price on Wabtec from $224.00 to $270.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. KeyCorp lifted their price target on Wabtec from $240.00 to $308.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Wolfe Research upgraded Wabtec from a “peer perform” rating to an “outperform” rating and set a $245.00 price objective on the stock in a report on Thursday, January 8th. Citigroup upped their price objective on shares of Wabtec from $258.00 to $283.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a report on Wednesday, January 21st.

Insider Activity

In other news, CEO Rafael Santana sold 1,798 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $245.71, for a total value of $441,786.58. Following the completion of the sale, the chief executive officer owned 118,749 shares of the company’s stock, valued at $29,177,816.79. This trade represents a 1.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO John A. Olin sold 11,000 shares of Wabtec stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $263.30, for a total value of $2,896,300.00. Following the transaction, the chief financial officer owned 60,487 shares in the company, valued at $15,926,227.10. This represents a 15.39% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 33,310 shares of company stock worth $8,541,509. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Wabtec

A number of institutional investors have recently bought and sold shares of the business. Vestmark Advisory Solutions Inc. acquired a new position in shares of Wabtec in the 2nd quarter valued at about $2,235,000. Penserra Capital Management LLC boosted its holdings in shares of Wabtec by 9.9% during the second quarter. Penserra Capital Management LLC now owns 933 shares of the transportation company’s stock worth $195,000 after purchasing an additional 84 shares during the period. Los Angeles Capital Management LLC boosted its holdings in shares of Wabtec by 24.5% during the second quarter. Los Angeles Capital Management LLC now owns 7,504 shares of the transportation company’s stock worth $1,571,000 after purchasing an additional 1,478 shares during the period. Parkside Financial Bank & Trust grew its position in Wabtec by 7.3% during the second quarter. Parkside Financial Bank & Trust now owns 797 shares of the transportation company’s stock valued at $167,000 after purchasing an additional 54 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Wabtec by 8.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 331,084 shares of the transportation company’s stock valued at $69,312,000 after buying an additional 24,857 shares during the period. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Wabtec Trading Down 1.6%

Wabtec stock opened at $236.60 on Monday. The firm has a market cap of $40.34 billion, a price-to-earnings ratio of 34.64, a price-to-earnings-growth ratio of 1.79 and a beta of 0.99. Wabtec has a 1 year low of $151.81 and a 1 year high of $266.27. The firm’s 50 day moving average price is $242.37 and its two-hundred day moving average price is $216.49. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 1.11.

Wabtec (NYSE:WAB) last announced 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 company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.86 billion. Wabtec had a return on equity of 14.12% and a net margin of 10.48%.The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.68 EPS. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. On average, research analysts predict that Wabtec will post 8.54 EPS for the current fiscal year.

Wabtec declared that its board has approved a share repurchase program on Wednesday, February 11th that permits the company to repurchase $1.20 billion in shares. This repurchase authorization permits the transportation company to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Wabtec Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were given a $0.31 dividend. This is a boost from Wabtec’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, February 17th. This represents a $1.24 annualized dividend and a dividend yield of 0.5%. Wabtec’s payout ratio is currently 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.