Wabtec (NYSE:WAB) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Wabtec (NYSE:WAB) has been assigned an average rating of “Moderate Buy” from the twelve brokerages that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $313.3636.

A number of research firms have commented on WAB. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a research note on Friday, July 17th. Citigroup upped their target price on shares of Wabtec from $311.00 to $341.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Stephens increased their price target on shares of Wabtec from $320.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Morgan Stanley lifted their price target on Wabtec from $318.00 to $355.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Finally, JPMorgan Chase & Co. upped their price objective on Wabtec from $300.00 to $315.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd.

Insiders Place Their Bets

In other Wabtec news, VP David Deninno sold 3,000 shares of the firm’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $301.31, for a total value of $903,930.00. Following the transaction, the vice president owned 55,128 shares of the company’s stock, valued at $16,610,617.68. This trade represents a 5.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Eric Gebhardt sold 7,100 shares of Wabtec stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $299.27, for a total value of $2,124,817.00. Following the completion of the transaction, the chief technology officer owned 19,153 shares of the company’s stock, valued at approximately $5,731,918.31. The trade was a 27.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 18,710 shares of company stock worth $5,505,630. Corporate insiders own 0.57% of the company’s stock.

Institutional Trading of Wabtec

Several hedge funds have recently made changes to their positions in WAB. Parkside Financial Bank & Trust grew its stake in Wabtec by 4.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 851 shares of the transportation company’s stock worth $229,000 after buying an additional 37 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in Wabtec by 30.4% in the second quarter. Allianz Asset Management GmbH now owns 31,005 shares of the transportation company’s stock valued at $8,359,000 after buying an additional 7,220 shares during the last quarter. Corient Private Wealth LP boosted its holdings in shares of Wabtec by 4.0% during the second quarter. Corient Private Wealth LP now owns 12,542 shares of the transportation company’s stock valued at $3,382,000 after acquiring an additional 480 shares during the period. Formuepleje A S acquired a new position in shares of Wabtec during the second quarter valued at $1,891,000. Finally, Amundi grew its position in shares of Wabtec by 43.9% during the second quarter. Amundi now owns 1,580,919 shares of the transportation company’s stock worth $426,216,000 after acquiring an additional 482,323 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Wabtec Stock Performance

Shares of WAB opened at $282.25 on Monday. The business’s 50 day moving average is $283.36 and its two-hundred day moving average is $267.96. Wabtec has a 52-week low of $184.26 and a 52-week high of $306.64. The firm has a market cap of $47.67 billion, a price-to-earnings ratio of 37.94, a PEG ratio of 1.92 and a beta of 0.92. The company has a quick ratio of 0.59, a current ratio of 1.12 and a debt-to-equity ratio of 0.44.

Wabtec (NYSE:WAB) last released its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share for the quarter, topping analysts’ consensus estimates of $2.60 by $0.16. The business had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.07 billion. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The business’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.27 earnings per share. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Analysts forecast that Wabtec will post 10.86 EPS for the current fiscal year.

Wabtec Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Tuesday, August 18th. Wabtec’s dividend payout ratio (DPR) is presently 16.67%.

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.