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

Wabtec (NYSE:WAB) has received an average rating of “Moderate Buy” from the twelve analysts that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $293.3636.

Several research analysts have commented on WAB shares. JPMorgan Chase & Co. upped their price objective on shares of Wabtec from $290.00 to $300.00 and gave the stock a “neutral” rating in a report on Monday. Morgan Stanley reaffirmed an “overweight” rating and set a $318.00 target price on shares of Wabtec in a research note on Monday, April 27th. Jefferies Financial Group reiterated a “buy” rating and set a $290.00 price target (down from $300.00) on shares of Wabtec in a research report on Tuesday, March 31st. 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. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a report on Monday, April 20th.

Insider Buying and Selling

In related news, insider Sameer Gaur sold 1,082 shares of Wabtec stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $263.50, for a total transaction of $285,107.00. Following the sale, the insider directly owned 11,985 shares in the company, valued at $3,158,047.50. The trade was a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Rafael Santana sold 1,163 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $261.06, for a total value of $303,612.78. Following the completion of the sale, the chief executive officer directly owned 124,077 shares in the company, valued at approximately $32,391,541.62. The trade was a 0.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 5,734 shares of company stock valued at $1,504,571. 0.57% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of WAB. Whipplewood Advisors LLC bought a new stake in Wabtec during the first quarter worth about $25,000. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Wabtec by 125.9% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 73 shares in the last quarter. Manchester Capital Management LLC lifted its holdings in shares of Wabtec by 122.0% during the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 72 shares during the last quarter. McMillan Office Inc. bought a new stake in shares of Wabtec in the 4th quarter worth approximately $31,000. Finally, Reflection Asset Management bought a new stake in shares of Wabtec in the 4th quarter worth approximately $35,000. 91.69% of the stock is currently owned by institutional investors.

Wabtec Price Performance

WAB opened at $263.58 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.54 and a current ratio of 1.02. Wabtec has a 52-week low of $184.26 and a 52-week high of $284.91. The stock has a market capitalization of $44.72 billion, a PE ratio of 37.28, a price-to-earnings-growth ratio of 1.85 and a beta of 0.94. The stock’s 50 day moving average price is $264.37 and its 200-day moving average price is $252.77.

Wabtec (NYSE:WAB) last announced its earnings results on Wednesday, April 22nd. The transportation company reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.62 by $0.09. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $3.08 billion. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.28 earnings per share. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. On average, equities research analysts predict that Wabtec will post 10.64 EPS for the current year.

Wabtec Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be given a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.24 annualized dividend and a dividend yield of 0.5%. Wabtec’s dividend payout ratio 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.