Wabtec (NYSE:WAB) Downgraded by Wall Street Zen to Hold

Wall Street Zen cut shares of Wabtec (NYSE:WAB) from a buy rating to a hold rating in a research note issued to investors on Sunday morning.

Other research analysts also recently issued research reports about the stock. Stephens upped their target price on shares of Wabtec from $320.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Citigroup decreased their price objective on shares of Wabtec from $313.00 to $311.00 and set a “buy” rating for the company in a report on Monday, July 13th. Morgan Stanley upped their price objective on Wabtec from $318.00 to $355.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a report on Friday, July 17th. Finally, JPMorgan Chase & Co. lifted their target price on Wabtec from $300.00 to $315.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $310.64.

Wabtec Price Performance

WAB opened at $291.74 on Friday. The firm has a market cap of $49.28 billion, a PE ratio of 39.21, a P/E/G ratio of 1.97 and a beta of 0.93. The stock has a 50-day moving average price of $269.72 and a 200-day moving average price of $258.05. Wabtec has a 1 year low of $184.26 and a 1 year high of $306.64. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 0.59.

Wabtec (NYSE:WAB) last announced its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $2.76 EPS for the quarter, beating the consensus estimate of $2.60 by $0.16. The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.07 billion. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. Wabtec’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Sell-side analysts predict that Wabtec will post 10.86 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Tuesday, August 18th. Wabtec’s dividend payout ratio is 16.67%.

Insider Transactions at Wabtec

In other news, CTO Eric Gebhardt sold 7,100 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $299.27, for a total transaction of $2,124,817.00. Following the completion of the sale, the chief technology officer owned 19,153 shares of the company’s stock, valued at $5,731,918.31. This represents a 27.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Sameer Gaur sold 1,082 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $263.50, for a total transaction of $285,107.00. Following 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,671 shares of company stock worth $4,527,193 in the last ninety days. Insiders own 0.57% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Whipplewood Advisors LLC bought a new position in Wabtec in the 1st quarter worth $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 valued at $28,000 after purchasing 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 valued at $28,000 after purchasing an additional 72 shares during the period. McMillan Office Inc. purchased a new stake in Wabtec in the fourth quarter worth about $31,000. Finally, Reflection Asset Management bought a new position in shares of Wabtec in the fourth quarter worth about $35,000. 91.69% of the stock is currently owned by 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.