Analysts Set Wabtec (NYSE:WAB) PT at $289.82

Wabtec (NYSE:WAB) has earned a consensus recommendation of “Moderate Buy” from the twelve research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $289.8182.

WAB has been the subject of a number of research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a report on Monday, April 20th. Morgan Stanley reiterated an “overweight” rating and issued a $318.00 price objective on shares of Wabtec in a report on Monday, April 27th. JPMorgan Chase & Co. decreased their target price on Wabtec from $290.00 to $280.00 and set a “neutral” rating for the company in a research report on Friday, April 10th. Wall Street Zen cut shares of Wabtec from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Rothschild & Co Redburn raised shares of Wabtec from a “neutral” rating to a “buy” rating and raised their price target for the company from $262.00 to $285.00 in a report on Thursday, March 26th.

Wabtec Stock Up 0.2%

NYSE:WAB opened at $274.49 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.54 and a current ratio of 1.02. The firm has a market cap of $46.58 billion, a P/E ratio of 38.82, a P/E/G ratio of 1.96 and a beta of 0.94. Wabtec has a fifty-two week low of $184.26 and a fifty-two week high of $278.39. The firm has a 50-day simple moving average of $264.12 and a two-hundred day simple moving average of $246.02.

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

Wabtec Announces Dividend

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

Insider Activity at Wabtec

In other news, CEO Rafael Santana sold 1,163 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $261.06, for a total transaction of $303,612.78. Following the transaction, the chief executive officer directly owned 124,077 shares of the company’s stock, valued at $32,391,541.62. This represents a 0.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 completion of the sale, the insider directly owned 11,985 shares of the company’s stock, valued at $3,158,047.50. The trade was a 8.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 65,423 shares of company stock worth $17,562,278 in the last 90 days. 0.57% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Wabtec during the 4th quarter valued at $409,039,000. Price T Rowe Associates Inc. MD boosted its holdings in Wabtec by 20.3% in 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 period. Nordea Investment Management AB increased its stake in Wabtec by 55.5% in the 4th quarter. Nordea Investment Management AB now owns 3,069,340 shares of the transportation company’s stock worth $659,939,000 after buying an additional 1,095,083 shares in the last quarter. Farallon Capital Management LLC raised its holdings in Wabtec by 68.6% during the third quarter. Farallon Capital Management LLC now owns 2,205,098 shares of the transportation company’s stock valued at $442,056,000 after acquiring an additional 896,900 shares during the period. Finally, Bank of Montreal Can raised its holdings in Wabtec by 360.0% during the fourth 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 period. 91.69% of the stock is owned by hedge funds and other institutional investors.

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.