Wabtec (NYSE:WAB) Receives $241.00 Consensus PT from Analysts

Wabtec (NYSE:WAB) has been given an average recommendation of “Moderate Buy” by the eleven analysts that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $269.00.

A number of research firms have commented on WAB. Wells Fargo & Company upped their price objective on shares of Wabtec from $224.00 to $270.00 and gave the company an “equal weight” rating in a research note on Friday, February 13th. Morgan Stanley restated an “overweight” rating and set a $315.00 price target on shares of Wabtec in a report on Tuesday. Bank of America upped their price target on shares of Wabtec from $228.00 to $233.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Stephens raised their price objective on shares of Wabtec from $230.00 to $290.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Wabtec from $215.00 to $245.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th.

Wabtec Stock Performance

WAB opened at $259.30 on Thursday. The company has a quick ratio of 0.57, a current ratio of 1.11 and a debt-to-equity ratio of 0.38. The firm has a market cap of $44.22 billion, a PE ratio of 37.97, a P/E/G ratio of 1.97 and a beta of 1.01. The business has a fifty day simple moving average of $229.14 and a 200-day simple moving average of $208.74. Wabtec has a fifty-two week low of $151.81 and a fifty-two week high of $263.66.

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

Wabtec Increases Dividend

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

Wabtec announced that its Board of Directors has initiated a stock repurchase program on Wednesday, February 11th that allows the company to repurchase $1.20 billion in shares. This repurchase authorization allows the transportation company to purchase up to 2.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other news, CEO Rafael Santana sold 1,798 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were 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 directly owned 118,749 shares of the company’s stock, valued at $29,177,816.79. This represents a 1.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David L. Deninno sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $214.62, for a total transaction of $1,073,100.00. Following the sale, the vice president owned 50,450 shares of the company’s stock, valued at approximately $10,827,579. This represents a 9.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 15,673 shares of company stock valued at $3,420,576. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Wabtec

A number of hedge funds have recently modified their holdings of WAB. EP Wealth Advisors LLC acquired a new stake in Wabtec during the fourth quarter valued at $777,000. NewEdge Advisors LLC raised its stake in shares of Wabtec by 11.9% during the 4th quarter. NewEdge Advisors LLC now owns 3,176 shares of the transportation company’s stock worth $678,000 after purchasing an additional 339 shares in the last quarter. KKM Financial LLC purchased a new stake in shares of Wabtec during the 4th quarter worth about $232,000. Zacks Investment Management lifted its holdings in shares of Wabtec by 1.6% during the 4th quarter. Zacks Investment Management now owns 21,120 shares of the transportation company’s stock valued at $4,508,000 after buying an additional 339 shares during the last quarter. Finally, Guardian Capital LP bought a new stake in shares of Wabtec in the 4th quarter valued at approximately $636,000. 91.69% of the stock is owned by institutional investors and hedge funds.

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.