Analysts Set Wabtec (NYSE:WAB) Price Target at $227.11

Shares of Wabtec (NYSE:WAB) have earned an average recommendation of “Moderate Buy” from the ten analysts that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $227.1111.

A number of brokerages have weighed in on WAB. Bank of America lifted 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. Susquehanna lifted their target price on shares of Wabtec from $235.00 to $240.00 and gave the company a “positive” rating in a report on Thursday, October 23rd. Citigroup increased their price target on Wabtec from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company upped their target price on Wabtec from $221.00 to $224.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 17th.

Wabtec Price Performance

WAB stock opened at $219.18 on Wednesday. The company has a market cap of $37.47 billion, a PE ratio of 31.86, a price-to-earnings-growth ratio of 1.69 and a beta of 0.99. The company has a current ratio of 1.42, a quick ratio of 0.75 and a debt-to-equity ratio of 0.45. The stock has a 50-day moving average price of $207.45 and a two-hundred day moving average price of $201.52. Wabtec has a 12-month low of $151.81 and a 12-month high of $222.47.

Wabtec (NYSE:WAB) last released its quarterly earnings data on Wednesday, October 22nd. The transportation company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.04. Wabtec had a return on equity of 13.84% and a net margin of 10.94%.The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.88 billion. During the same period last year, the business posted $2.00 EPS. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. As a group, research analysts predict that Wabtec will post 8.54 EPS for the current year.

Wabtec Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Wednesday, November 12th. Wabtec’s dividend payout ratio is currently 14.53%.

Insider Activity at Wabtec

In other news, VP David L. Deninno sold 5,000 shares of the business’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $214.62, for a total transaction of $1,073,100.00. Following the transaction, the vice president directly owned 50,450 shares of the company’s stock, valued at approximately $10,827,579. The trade was a 9.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Rogerio Mendonca sold 2,019 shares of the firm’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $214.51, for a total transaction of $433,095.69. Following the sale, the insider directly owned 9,516 shares of the company’s stock, valued at approximately $2,041,277.16. The trade was a 17.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 35,714 shares of company stock valued at $7,441,102. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Wabtec

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Hudson Bay Capital Management LP boosted its holdings in Wabtec by 338.1% in the third quarter. Hudson Bay Capital Management LP now owns 92,905 shares of the transportation company’s stock valued at $18,625,000 after purchasing an additional 71,698 shares during the last quarter. Allworth Financial LP raised its position in shares of Wabtec by 35.6% in the 3rd quarter. Allworth Financial LP now owns 2,308 shares of the transportation company’s stock valued at $463,000 after purchasing an additional 606 shares in the last quarter. Groupama Asset Managment boosted its stake in shares of Wabtec by 73.2% during the 3rd quarter. Groupama Asset Managment now owns 14,323 shares of the transportation company’s stock valued at $2,871,000 after buying an additional 6,055 shares during the last quarter. Investment Research Partners LLC purchased a new position in shares of Wabtec during the 3rd quarter valued at approximately $217,000. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of Wabtec during the third quarter worth approximately $4,730,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

About Wabtec

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.