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

Wabtec (NYSE:WAB) has earned an average rating of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $289.8182.

WAB has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their target price on Wabtec from $290.00 to $280.00 and set a “neutral” rating on the stock in a report on Friday, April 10th. Wells Fargo & Company lifted their target price on Wabtec from $270.00 to $284.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Wall Street Zen lowered Wabtec from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Citigroup lifted their target price on Wabtec from $283.00 to $292.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $290.00 target price (down from $300.00) on shares of Wabtec in a report on Tuesday, March 31st.

Insider Activity

In other Wabtec news, CEO Rafael Santana sold 1,163 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $261.06, for a total transaction of $303,612.78. Following the completion of the sale, the chief executive officer directly owned 124,077 shares of the company’s stock, valued at approximately $32,391,541.62. This represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sameer Gaur sold 1,082 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $263.50, for a total transaction of $285,107.00. Following the completion of the transaction, the insider owned 11,985 shares of the company’s stock, valued at approximately $3,158,047.50. The trade was a 8.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 65,423 shares of company stock worth $17,562,278. Corporate insiders own 0.57% of the company’s stock.

Hedge Funds Weigh In On Wabtec

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Whipplewood Advisors LLC acquired a new stake in shares of Wabtec in the first quarter worth $25,000. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Wabtec by 125.9% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock worth $28,000 after buying an additional 73 shares during the period. Manchester Capital Management LLC lifted its stake in Wabtec by 122.0% in the 4th quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock worth $28,000 after acquiring an additional 72 shares in the last quarter. McMillan Office Inc. acquired a new stake in Wabtec during the 4th quarter worth about $31,000. Finally, Reflection Asset Management acquired a new stake in Wabtec during the 4th quarter worth about $35,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wabtec Price Performance

NYSE:WAB opened at $272.26 on Wednesday. The business’s 50-day moving average price is $263.29 and its 200 day moving average price is $244.63. The firm has a market cap of $46.20 billion, a P/E ratio of 38.51, a PEG ratio of 1.92 and a beta of 0.94. Wabtec has a 52-week low of $184.26 and a 52-week high of $276.22. The company has a quick ratio of 0.54, a current ratio of 1.02 and a debt-to-equity ratio of 0.42.

Wabtec (NYSE:WAB) last released its earnings results on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.62 by $0.09. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $3.08 billion. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.Wabtec’s revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.28 earnings per share. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. As a group, sell-side analysts predict that Wabtec will post 10.61 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Friday, May 22nd were paid a $0.31 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. Wabtec’s dividend payout ratio (DPR) is currently 17.54%.

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.