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

Wabtec (NYSE:WAB) has received a consensus rating of “Moderate Buy” from the twelve analysts that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $310.6364.

WAB has been the subject of a number of analyst reports. Susquehanna boosted their target price on shares of Wabtec from $305.00 to $340.00 and gave the company a “positive” rating in a research note on Thursday, July 23rd. KeyCorp boosted their price target on Wabtec from $308.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Citigroup decreased their price target on Wabtec from $313.00 to $311.00 and set a “buy” rating for the company in a research note on Monday, July 13th. Stephens raised their price target on Wabtec from $320.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Finally, Wells Fargo & Company lifted their price objective on shares of Wabtec from $284.00 to $315.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd.

Insider Activity at Wabtec

In related news, CEO Rafael Santana sold 1,163 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $262.07, for a total transaction of $304,787.41. Following the transaction, the chief executive officer owned 122,914 shares in the company, valued at $32,212,071.98. This trade represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sameer Gaur sold 1,000 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $3,302,530.40. The trade was a 8.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 15,671 shares of company stock valued at $4,527,193 over the last quarter. Corporate insiders own 0.57% of the company’s stock.

Hedge Funds Weigh In On Wabtec

Several hedge funds have recently modified their holdings of WAB. Whipplewood Advisors LLC acquired a new stake in shares of Wabtec in the first quarter valued at $25,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in Wabtec by 125.9% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock worth $28,000 after acquiring an additional 73 shares during the period. Manchester Capital Management LLC grew its holdings in Wabtec by 122.0% during the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock worth $28,000 after acquiring an additional 72 shares during the period. McMillan Office Inc. bought a new stake in Wabtec in the fourth quarter worth about $31,000. Finally, Reflection Asset Management bought a new stake in Wabtec in the fourth quarter worth about $35,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Wabtec Stock Down 1.1%

Shares of NYSE:WAB opened at $295.79 on Thursday. The stock has a market capitalization of $49.96 billion, a price-to-earnings ratio of 39.76, a price-to-earnings-growth ratio of 2.03 and a beta of 0.93. Wabtec has a 1-year low of $184.26 and a 1-year high of $306.64. The company’s fifty day moving average is $271.95 and its two-hundred day moving average is $259.52. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.59 and a current ratio of 1.12.

Wabtec (NYSE:WAB) last issued its earnings results on Wednesday, July 22nd. The transportation company reported $2.76 EPS for the quarter, beating analysts’ consensus estimates of $2.60 by $0.16. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same period in the previous year, the firm posted $2.27 earnings per share. Wabtec’s quarterly 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. Equities analysts anticipate that Wabtec will post 10.86 EPS for the current year.

Wabtec Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.24 annualized dividend and a yield of 0.4%. 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.