Wabtec (NYSE:WAB) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Wabtec (NYSE:WABFree Report) from a hold rating to a buy rating in a research report released on Saturday morning.

A number of other equities analysts have also recently commented on WAB. JPMorgan Chase & Co. lifted their price target on shares of Wabtec from $300.00 to $315.00 and gave the stock a “neutral” rating in a research note on Thursday. KeyCorp increased their price objective on shares of Wabtec from $308.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday. Susquehanna raised their price objective on shares of Wabtec from $305.00 to $340.00 and gave the stock a “positive” rating in a research note on Thursday. Wells Fargo & Company upped their target price on Wabtec from $284.00 to $315.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Wolfe Research reissued an “outperform” rating and set a $303.00 price target on shares of Wabtec in a research note on Thursday, April 23rd. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $310.64.

Check Out Our Latest Stock Analysis on Wabtec

Wabtec Trading Up 1.4%

WAB opened at $302.22 on Friday. The firm has a market cap of $51.05 billion, a P/E ratio of 40.62, a P/E/G ratio of 2.06 and a beta of 0.94. Wabtec has a 12 month low of $184.26 and a 12 month high of $302.96. The stock has a 50-day moving average of $265.80 and a 200 day moving average of $255.16. The company has a current ratio of 1.12, a quick ratio of 0.54 and a debt-to-equity ratio of 0.44.

Wabtec (NYSE:WABGet Free Report) last announced its earnings results on Wednesday, July 22nd. The transportation company reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.60 by $0.16. The firm had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.07 billion. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.The company’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. As a group, research analysts forecast that Wabtec will post 10.86 EPS for the current year.

Wabtec Announces Dividend

The business 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 dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.4%. Wabtec’s dividend payout ratio (DPR) is 16.67%.

Insider Activity at Wabtec

In related news, insider Sameer Gaur sold 1,082 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $263.50, for a total value of $285,107.00. Following the completion of the sale, the insider owned 11,985 shares in the company, valued at approximately $3,158,047.50. The trade was a 8.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rafael Santana sold 1,163 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $262.07, for a total value of $304,787.41. Following the completion of the sale, the chief executive officer owned 122,914 shares of the company’s stock, valued at $32,212,071.98. The trade was a 0.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 5,734 shares of company stock valued at $1,504,571 in the last ninety days. Insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On Wabtec

Hedge funds have recently made changes to their positions in the company. Whipplewood Advisors LLC bought a new stake in shares of Wabtec in the first quarter valued at about $25,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in Wabtec by 125.9% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock worth $28,000 after acquiring an additional 73 shares in the last quarter. Manchester Capital Management LLC grew its holdings in Wabtec by 122.0% during 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. purchased a new position in Wabtec during the 4th quarter valued at about $31,000. Finally, Reflection Asset Management purchased a new position in Wabtec during the 4th quarter valued at about $35,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

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Wabtec Company Profile

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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.

Further Reading

Analyst Recommendations for Wabtec (NYSE:WAB)

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