Wabtec (NYSE:WAB) Given Average Recommendation of “Moderate Buy” by Analysts

Wabtec (NYSE:WAB) has received an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $226.7778.

Several research firms have weighed in on WAB. Susquehanna upped their target price on Wabtec from $235.00 to $240.00 and gave the company a “positive” rating in a report on Thursday, October 23rd. Wall Street Zen lowered shares of Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Wells Fargo & Company began coverage on shares of Wabtec in a report on Thursday, November 13th. They set an “equal weight” rating and a $221.00 target price for the company. Bank of America upped their price target on shares of Wabtec from $228.00 to $233.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a research report on Wednesday, October 8th.

Wabtec Trading Up 0.3%

Shares of WAB opened at $208.44 on Friday. Wabtec has a twelve month low of $151.81 and a twelve month high of $216.10. 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 firm has a market capitalization of $35.63 billion, a P/E ratio of 30.30, a PEG ratio of 1.55 and a beta of 1.09. The firm’s 50-day moving average is $200.07 and its two-hundred day moving average is $199.87.

Wabtec (NYSE:WAB) last announced its quarterly earnings results on Wednesday, October 22nd. The transportation company reported $2.32 EPS for the quarter, topping the consensus estimate of $2.28 by $0.04. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.88 billion. Wabtec had a return on equity of 13.84% and a net margin of 10.94%.During the same quarter in the previous year, the company earned $2.00 EPS. The company’s quarterly revenue was up 8.4% on a year-over-year basis. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. On average, research analysts predict that Wabtec will post 8.54 earnings per share for the current fiscal 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 given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $1.00 annualized dividend and a yield of 0.5%. Wabtec’s dividend payout ratio (DPR) is presently 14.53%.

Insiders Place Their Bets

In other Wabtec news, VP David L. Deninno sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $209.94, for a total value of $1,049,700.00. Following the transaction, the vice president directly owned 55,450 shares in the company, valued at approximately $11,641,173. This represents a 8.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gregory Sbrocco sold 2,424 shares of the firm’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $203.77, for a total transaction of $493,938.48. Following the sale, the executive vice president directly owned 15,405 shares in the company, valued at $3,139,076.85. This represents a 13.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 25,436 shares of company stock valued at $5,145,024. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Wabtec

Several institutional investors and hedge funds have recently modified their holdings of WAB. PFS Partners LLC boosted its position in Wabtec by 70.4% during the second quarter. PFS Partners LLC now owns 121 shares of the transportation company’s stock worth $25,000 after acquiring an additional 50 shares during the last quarter. Colonial Trust Advisors lifted its stake in shares of Wabtec by 454.5% during the 2nd quarter. Colonial Trust Advisors now owns 122 shares of the transportation company’s stock worth $26,000 after purchasing an additional 100 shares during the period. Piscataqua Savings Bank boosted its holdings in shares of Wabtec by 12,800.0% during the third quarter. Piscataqua Savings Bank now owns 129 shares of the transportation company’s stock worth $26,000 after purchasing an additional 128 shares during the last quarter. Motco grew its position in shares of Wabtec by 6,600.0% in the third quarter. Motco now owns 134 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 132 shares during the period. Finally, Salomon & Ludwin LLC grew its position in shares of Wabtec by 370.6% in the third quarter. Salomon & Ludwin LLC now owns 160 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 126 shares during the period. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Wabtec Company Profile

Westinghouse Air Brake Technologies Corporation, together with its subsidiaries, provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It offers diesel-electric, battery, and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products.