Shares of Wabtec (NYSE:WAB – Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $276.22 and last traded at $274.8550, with a volume of 112095 shares traded. The stock had previously closed at $268.89.
Analyst Ratings Changes
A number of research firms have commented on WAB. Wells Fargo & Company increased their price target on Wabtec from $270.00 to $284.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Susquehanna restated a “positive” rating and set a $305.00 price target on shares of Wabtec in a research note on Thursday, April 23rd. Wall Street Zen lowered shares of Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Citigroup lifted their target price on shares of Wabtec from $283.00 to $292.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a research report on Monday, April 20th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Wabtec presently has a consensus rating of “Moderate Buy” and an average target price of $289.82.
Check Out Our Latest Research Report on Wabtec
Wabtec Price Performance
Wabtec (NYSE:WAB – Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.09. The business had revenue of $2.95 billion for 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 company’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.28 EPS. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. Equities analysts predict that Wabtec will post 10.61 earnings per share for the current year.
Wabtec Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Friday, May 22nd were given a $0.31 dividend. The ex-dividend date 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 is currently 17.54%.
Insiders Place Their Bets
In other Wabtec news, CEO Rafael Santana sold 60,852 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $268.89, for a total transaction of $16,362,494.28. Following the completion of the transaction, the chief executive officer directly owned 128,729 shares of the company’s stock, valued at approximately $34,613,940.81. This trade represents a 32.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 64,341 shares of company stock valued at $17,277,171. 0.57% of the stock is currently owned by corporate insiders.
Institutional Trading of Wabtec
A number of hedge funds and other institutional investors have recently made changes to their positions in WAB. Meeder Advisory Services Inc. raised its holdings in shares of Wabtec by 1.6% during the first quarter. Meeder Advisory Services Inc. now owns 2,471 shares of the transportation company’s stock worth $618,000 after purchasing an additional 38 shares during the last quarter. Hilltop Holdings Inc. grew its position in Wabtec by 3.9% during the 4th quarter. Hilltop Holdings Inc. now owns 1,069 shares of the transportation company’s stock worth $228,000 after purchasing an additional 40 shares during the period. Apollon Wealth Management LLC grew its position in Wabtec by 1.6% during the 1st quarter. Apollon Wealth Management LLC now owns 3,081 shares of the transportation company’s stock worth $770,000 after purchasing an additional 48 shares during the period. CI Investments Inc. raised its stake in shares of Wabtec by 6.1% during the 3rd quarter. CI Investments Inc. now owns 865 shares of the transportation company’s stock valued at $173,000 after buying an additional 50 shares during the last quarter. Finally, IHT Wealth Management LLC raised its stake in shares of Wabtec by 1.0% during the 4th quarter. IHT Wealth Management LLC now owns 4,856 shares of the transportation company’s stock valued at $1,037,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.
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.
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