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

Shares of Wabtec (NYSE:WAB) have earned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $293.3636.

Several research analysts recently issued reports on the company. Stephens upgraded Wabtec to a “strong-buy” rating in a research report on Wednesday, July 8th. Wells Fargo & Company increased their target price on Wabtec from $270.00 to $284.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Wolfe Research reissued an “outperform” rating and issued a $303.00 price target on shares of Wabtec in a research note on Thursday, April 23rd. Morgan Stanley restated an “overweight” rating and issued a $318.00 price target on shares of Wabtec in a report on Monday, April 27th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $290.00 price objective (down from $300.00) on shares of Wabtec in a report on Tuesday, March 31st.

Insider Buying and Selling

In other Wabtec news, insider Sameer Gaur sold 1,082 shares of Wabtec stock in a transaction on Friday, June 12th. The shares were sold at an average price of $263.50, for a total value of $285,107.00. Following the transaction, the insider owned 11,985 shares in the company, valued at $3,158,047.50. This trade represents a 8.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Rafael Santana sold 1,163 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $261.06, for a total transaction of $303,612.78. Following the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 5,734 shares of company stock worth $1,504,571. 0.57% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Wabtec

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Wabtec during the 4th quarter worth about $409,039,000. Price T Rowe Associates Inc. MD increased its position 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 purchasing an additional 1,344,744 shares in the last quarter. Nordea Investment Management AB raised its holdings in Wabtec by 55.5% in the fourth quarter. Nordea Investment Management AB now owns 3,069,340 shares of the transportation company’s stock valued at $659,939,000 after buying an additional 1,095,083 shares during the period. Farallon Capital Management LLC raised its holdings in Wabtec by 68.6% in 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 buying an additional 896,900 shares during the period. Finally, Bank of Montreal Can lifted its position 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 buying an additional 692,773 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Wabtec Stock Down 0.8%

WAB opened at $261.85 on Friday. 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 business has a 50 day simple moving average of $264.30 and a 200-day simple moving average of $252.83. The stock has a market capitalization of $44.43 billion, a P/E ratio of 37.04, a P/E/G ratio of 1.87 and a beta of 0.94. Wabtec has a 12 month low of $184.26 and a 12 month high of $284.91.

Wabtec (NYSE:WAB) last posted its quarterly earnings results on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.62 by $0.09. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same period in the previous year, the business earned $2.28 earnings per share. The company’s revenue for the quarter 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, equities analysts anticipate that Wabtec will post 10.64 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.24 annualized dividend and a yield of 0.5%. Wabtec’s dividend 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.