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

Shares of Wabtec (NYSE:WAB) have been given a consensus rating of “Moderate Buy” by the ten analysts that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $227.1111.

Several equities analysts recently issued reports on WAB shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a research report on Wednesday, October 8th. Citigroup boosted their price target on Wabtec from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. JPMorgan Chase & Co. upped their price target on Wabtec from $200.00 to $215.00 and gave the company a “neutral” rating in a report on Tuesday, October 14th. Wells Fargo & Company lifted their price objective on Wabtec from $221.00 to $224.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 17th. Finally, Susquehanna boosted their target price on Wabtec from $235.00 to $240.00 and gave the stock a “positive” rating in a research report on Thursday, October 23rd.

Wabtec Stock Down 1.1%

NYSE:WAB opened at $219.37 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.75 and a current ratio of 1.42. The firm has a market cap of $37.50 billion, a P/E ratio of 31.89, a P/E/G ratio of 1.71 and a beta of 0.99. Wabtec has a fifty-two week low of $151.81 and a fifty-two week high of $222.47. The firm has a 50-day simple moving average of $205.99 and a two-hundred day simple moving average of $201.17.

Wabtec (NYSE:WAB) last issued its earnings results on Wednesday, October 22nd. The transportation company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.04. Wabtec had a net margin of 10.94% and a return on equity of 13.84%. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.88 billion. During the same quarter in the prior year, the firm posted $2.00 earnings per share. The business’s revenue was up 8.4% on a year-over-year basis. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. Analysts predict that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec Announces Dividend

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

Insider Activity at Wabtec

In related news, CAO John A. Mastalerz, Jr. sold 2,766 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $210.00, for a total transaction of $580,860.00. Following the transaction, the chief accounting officer owned 5,286 shares in the company, valued at $1,110,060. This represents a 34.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gregory Sbrocco sold 2,953 shares of Wabtec stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $195.43, for a total transaction of $577,104.79. Following the completion of the sale, the executive vice president directly owned 17,829 shares of the company’s stock, valued at approximately $3,484,321.47. This trade represents a 14.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 35,714 shares of company stock valued at $7,441,102 over the last quarter. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Wabtec

Several institutional investors have recently made changes to their positions in the business. PFS Partners LLC increased its holdings in Wabtec by 70.4% during the second quarter. PFS Partners LLC now owns 121 shares of the transportation company’s stock valued at $25,000 after buying an additional 50 shares during the last quarter. Colonial Trust Advisors boosted 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 acquiring an additional 100 shares during the last quarter. Piscataqua Savings Bank grew its position in shares of Wabtec by 12,800.0% during the 3rd quarter. Piscataqua Savings Bank now owns 129 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 128 shares during the period. Motco increased its stake in shares of Wabtec by 6,600.0% in the 3rd quarter. Motco now owns 134 shares of the transportation company’s stock worth $27,000 after purchasing an additional 132 shares in the last quarter. Finally, Salomon & Ludwin LLC raised its holdings in Wabtec by 370.6% in the 3rd quarter. Salomon & Ludwin LLC now owns 160 shares of the transportation company’s stock worth $32,000 after purchasing an additional 126 shares during the period. Institutional investors own 91.69% of the company’s stock.

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.