Wabtec (NYSE:WAB) Price Target Raised to $245.00

Wabtec (NYSE:WAB) had its price objective hoisted by JPMorgan Chase & Co. from $215.00 to $245.00 in a research note released on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the transportation company’s stock.

WAB has been the topic of several other reports. Bank of America upped their target price on shares of Wabtec from $228.00 to $233.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Citigroup upped their price target on Wabtec from $245.00 to $258.00 and gave the stock a “buy” rating in a report on Friday, January 9th. Wolfe Research raised Wabtec from a “peer perform” rating to an “outperform” rating and set a $245.00 price objective for the company in a report on Thursday, January 8th. Wells Fargo & Company boosted their target price on Wabtec from $221.00 to $224.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 17th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a research report on Wednesday, October 8th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Wabtec presently has an average rating of “Moderate Buy” and a consensus target price of $237.00.

Wabtec Trading Up 0.6%

NYSE:WAB opened at $230.00 on Wednesday. The stock has a fifty day moving average price of $213.49 and a two-hundred day moving average price of $203.34. The stock has a market capitalization of $39.32 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 1.55 and a beta of 1.00. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.75 and a current ratio of 1.42. Wabtec has a 1 year low of $151.81 and a 1 year high of $230.71.

Wabtec (NYSE:WAB) last issued its 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. Wabtec had a net margin of 10.94% and a return on equity of 13.84%. The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.88 billion. During the same period in the previous year, the firm earned $2.00 EPS. 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. As a group, sell-side analysts anticipate that Wabtec will post 8.54 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO John A. Mastalerz, Jr. sold 2,766 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $210.00, for a total value of $580,860.00. Following the sale, the chief accounting officer owned 5,286 shares of the company’s stock, valued at approximately $1,110,060. This trade represents a 34.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Rafael Santana sold 1,798 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $212.17, for a total value of $381,481.66. Following the completion of the transaction, the chief executive officer directly owned 125,941 shares of the company’s stock, valued at approximately $26,720,901.97. The trade was a 1.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 33,916 shares of company stock valued at $7,090,420 over the last quarter. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. ST Germain D J Co. Inc. lifted its position in Wabtec by 30.2% in the second quarter. ST Germain D J Co. Inc. now owns 207 shares of the transportation company’s stock worth $43,000 after purchasing an additional 48 shares during the period. PFS Partners LLC raised its stake in shares of Wabtec by 70.4% in the 2nd quarter. PFS Partners LLC now owns 121 shares of the transportation company’s stock worth $25,000 after buying an additional 50 shares in the last quarter. Trust Co. of Vermont boosted its stake in Wabtec by 44.2% during the second quarter. Trust Co. of Vermont now owns 163 shares of the transportation company’s stock valued at $34,000 after buying an additional 50 shares in the last quarter. CI Investments Inc. boosted its stake in Wabtec by 6.1% during the third quarter. CI Investments Inc. now owns 865 shares of the transportation company’s stock valued at $173,000 after buying an additional 50 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in Wabtec by 7.3% during the second quarter. Parkside Financial Bank & Trust now owns 797 shares of the transportation company’s stock worth $167,000 after acquiring an additional 54 shares during the period. 91.69% of the stock is currently owned by institutional investors.

Wabtec Company Profile

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.