Wabtec (NYSE:WAB) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Wabtec (NYSE:WAB) has received an average rating of “Moderate Buy” from the eleven brokerages that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $237.00.

A number of brokerages have commented on WAB. Bank of America upped their target price on shares of Wabtec from $228.00 to $233.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Wolfe Research raised Wabtec from a “peer perform” rating to an “outperform” rating and set a $245.00 price objective on the stock in a research report on Thursday, January 8th. JPMorgan Chase & Co. increased their target price on shares of Wabtec from $215.00 to $245.00 and gave the stock a “neutral” rating in a report on Wednesday. Wells Fargo & Company lifted their price target on shares of Wabtec from $221.00 to $224.00 and gave the company an “equal weight” rating in a report on Wednesday, December 17th. Finally, Citigroup increased their price objective on shares of Wabtec from $245.00 to $258.00 and gave the stock a “buy” rating in a research note on Friday, January 9th.

Wabtec Stock Up 0.6%

Shares of Wabtec stock opened at $230.00 on Friday. The company has a 50-day simple moving average of $213.49 and a two-hundred day simple moving average of $203.30. Wabtec has a 52-week low of $151.81 and a 52-week high of $230.71. 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 stock has a market capitalization of $39.32 billion, a PE ratio of 33.43, a price-to-earnings-growth ratio of 1.56 and a beta of 1.00.

Wabtec (NYSE:WAB) last announced its quarterly earnings data on Wednesday, October 22nd. The transportation company reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.28 by $0.04. Wabtec had a net margin of 10.94% and a return on equity of 13.84%. The company had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.88 billion. During the same period in the previous year, the business earned $2.00 EPS. The firm’s revenue for the quarter 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, analysts anticipate that Wabtec will post 8.54 EPS for the current fiscal year.

Insider Buying and Selling at Wabtec

In other news, insider Michael Fetsko sold 5,058 shares of Wabtec stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $215.72, for a total transaction of $1,091,111.76. Following the sale, the insider owned 36,882 shares in the company, valued at $7,956,185.04. This trade represents a 12.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Rafael Santana sold 1,798 shares of the business’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $212.17, for a total transaction of $381,481.66. Following the completion of the transaction, the chief executive officer directly owned 125,941 shares in the company, valued at $26,720,901.97. This trade represents a 1.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 33,916 shares of company stock worth $7,090,420. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Wabtec

Large investors have recently made changes to their positions in the company. Parallel Advisors LLC increased its position in shares of Wabtec by 5.7% during the second quarter. Parallel Advisors LLC now owns 2,147 shares of the transportation company’s stock worth $450,000 after acquiring an additional 115 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Wabtec by 11.7% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,649 shares of the transportation company’s stock worth $4,532,000 after purchasing an additional 2,268 shares in the last quarter. Swedbank AB increased its holdings in Wabtec by 8.2% during the 2nd quarter. Swedbank AB now owns 47,470 shares of the transportation company’s stock worth $9,938,000 after purchasing an additional 3,616 shares during the period. Wedmont Private Capital increased its holdings in Wabtec by 4.4% during the 2nd quarter. Wedmont Private Capital now owns 2,190 shares of the transportation company’s stock worth $467,000 after purchasing an additional 92 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Wabtec by 1.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 16,077 shares of the transportation company’s stock worth $3,446,000 after buying an additional 203 shares during the period. 91.69% of the stock is owned by institutional investors.

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.