Wabtec (NYSE:WAB) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Wabtec (NYSE:WAB) have received an average rating of “Moderate Buy” from the twelve ratings firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $289.8182.

WAB has been the subject of several recent research reports. Citigroup increased their price objective on Wabtec from $283.00 to $292.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Wells Fargo & Company lifted their target price on shares of Wabtec from $270.00 to $284.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. Morgan Stanley reaffirmed an “overweight” rating and set a $318.00 target price on shares of Wabtec in a report on Monday, April 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a research report on Monday, April 20th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Wabtec from $290.00 to $280.00 and set a “neutral” rating on the stock in a research report on Friday, April 10th.

Insider Activity at Wabtec

In other Wabtec news, insider Sameer Gaur sold 1,082 shares of Wabtec stock in a transaction on Friday, June 12th. The stock was sold at an average price of $263.50, for a total value of $285,107.00. Following the sale, the insider owned 11,985 shares in the company, valued at $3,158,047.50. The trade was a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rafael Santana sold 1,163 shares of the business’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $262.07, for a total transaction of $304,787.41. Following the completion of the sale, the chief executive officer owned 122,914 shares in the company, valued at approximately $32,212,071.98. This trade represents a 0.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 66,586 shares of company stock worth $17,867,065. Corporate insiders own 0.57% of the company’s stock.

Hedge Funds Weigh In On Wabtec

Several institutional investors have recently modified their holdings of WAB. Norges Bank purchased a new position in Wabtec in the fourth quarter valued at $409,039,000. Price T Rowe Associates Inc. MD lifted its holdings in 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 during the last quarter. Nordea Investment Management AB boosted its position in shares of Wabtec by 55.5% during the 4th quarter. Nordea Investment Management AB now owns 3,069,340 shares of the transportation company’s stock worth $659,939,000 after acquiring an additional 1,095,083 shares in the last quarter. Farallon Capital Management LLC boosted its position in shares of Wabtec by 68.6% during the 3rd quarter. Farallon Capital Management LLC now owns 2,205,098 shares of the transportation company’s stock worth $442,056,000 after acquiring an additional 896,900 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of Wabtec by 360.0% in the 4th quarter. Bank of Montreal Can now owns 885,197 shares of the transportation company’s stock valued at $188,945,000 after acquiring an additional 692,773 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wabtec Stock Performance

WAB stock traded up $1.73 during midday trading on Friday, hitting $261.50. 553,958 shares of the stock traded hands, compared to its average volume of 776,780. Wabtec has a 1-year low of $184.26 and a 1-year high of $284.91. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.02 and a quick ratio of 0.54. The stock’s fifty day simple moving average is $264.85 and its 200-day simple moving average is $251.37. The firm has a market cap of $44.37 billion, a P/E ratio of 36.99, a PEG ratio of 1.87 and a beta of 0.94.

Wabtec (NYSE:WAB) last issued its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.62 by $0.09. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period last year, the company earned $2.28 earnings per share. Wabtec’s quarterly revenue was up 13.0% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. On average, analysts expect that Wabtec will post 10.61 earnings per share for the current year.

Wabtec Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Friday, May 22nd were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. Wabtec’s payout ratio is 17.54%.

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.