Wabtec (WAB) – What Are Brokerages Thinking About This Stock?

Wabtec (NYSE:WAB) has been assigned an average recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $313.55.

Several research analysts recently weighed in on WAB shares. Weiss Ratings upgraded shares of Wabtec from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. JPMorgan Chase & Co. upped their price objective on Wabtec from $315.00 to $320.00 and gave the stock a “neutral” rating in a report on Monday, September 21st. Susquehanna increased their price objective on Wabtec from $305.00 to $340.00 and gave the company a “positive” rating in a research report on Thursday, July 23rd. Morgan Stanley lifted their target price on Wabtec from $318.00 to $355.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Finally, Stephens lifted their target price on Wabtec from $320.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd.

Wabtec Trading Up 0.0%

Shares of NYSE WAB opened at $286.86 on Tuesday. Wabtec has a 1-year low of $186.06 and a 1-year high of $306.64. The company has a 50-day moving average of $288.19 and a two-hundred day moving average of $275.61. The company has a market cap of $48.45 billion, a PE ratio of 38.56, a P/E/G ratio of 1.94 and a beta of 0.92. The company has a current ratio of 1.12, a quick ratio of 0.59 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 EPS for the quarter, beating the consensus estimate of $2.60 by $0.16. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The business had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same period in the prior year, the firm earned $2.27 earnings per share. Wabtec’s revenue was up 17.5% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. As a group, equities analysts expect that Wabtec will post 10.89 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, November 17th will be issued a $0.31 dividend. The ex-dividend date is Tuesday, November 17th. This represents a $1.24 annualized dividend and a yield of 0.4%. Wabtec’s dividend payout ratio (DPR) is currently 16.67%.

Insiders Place Their Bets

In related news, VP David L. Deninno sold 3,000 shares of Wabtec stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $301.31, for a total value of $903,930.00. Following the completion of the sale, the vice president directly owned 55,128 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sameer Gaur sold 1,000 shares of the business’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $300.64, for a total value of $300,640.00. Following the sale, the insider directly owned 10,985 shares of the company’s stock, valued at $3,302,530.40. This represents a 8.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 17,552 shares of company stock valued at $5,232,911 over the last 90 days. Corporate insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On Wabtec

Several institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in Wabtec in the second quarter valued at approximately $3,741,077,000. State Street Corp grew its holdings in Wabtec by 2.1% during the 2nd quarter. State Street Corp now owns 7,905,748 shares of the transportation company’s stock worth $2,131,390,000 after acquiring an additional 164,806 shares during the period. Amundi grew its holdings in Wabtec by 43.9% during the 2nd 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Wabtec by 2.4% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,424,945 shares of the transportation company’s stock valued at $384,165,000 after acquiring an additional 33,942 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Wabtec by 288.0% in the first quarter. Assenagon Asset Management S.A. now owns 851,733 shares of the transportation company’s stock valued at $212,857,000 after purchasing an additional 632,218 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wabtec Company Profile

Westinghouse Air Brake Technologies Corporation, doing business as Wabtec (NYSE: WAB), is a global provider of equipment, systems, digital solutions and services for the freight and passenger rail industries. The company develops technologies intended to improve the safety, efficiency, reliability and sustainability of rail transportation.

Wabtec’s products and services include locomotives, locomotive components and modernization programs, braking systems, train control and signaling equipment, power and propulsion systems, and advanced digital solutions.