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

Wabtec (NYSE:WABGet Free Report) has been given an average recommendation of “Moderate Buy” by the twelve brokerages that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $313.3636.

Several research analysts have recently commented on the company. Susquehanna raised their price objective on Wabtec from $305.00 to $340.00 and gave the stock a “positive” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. increased their target price on shares of Wabtec from $300.00 to $315.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Wall Street Zen cut shares of Wabtec from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. KeyCorp lifted their price target on shares of Wabtec from $308.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Finally, Stephens upped their price target on shares of Wabtec from $320.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd.

Read Our Latest Report on WAB

Wabtec Stock Performance

WAB opened at $292.28 on Monday. The company has a current ratio of 1.12, a quick ratio of 0.59 and a debt-to-equity ratio of 0.44. The company has a market cap of $49.37 billion, a price-to-earnings ratio of 39.28, a PEG ratio of 1.98 and a beta of 0.93. The company’s 50 day moving average is $282.66 and its 200 day moving average is $266.96. Wabtec has a 12-month low of $184.26 and a 12-month high of $306.64.

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. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.The company had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same period last year, the firm earned $2.27 EPS. Wabtec’s revenue for the quarter was up 17.5% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. On average, equities research analysts predict that Wabtec will post 10.86 EPS for the current year.

Wabtec Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be paid a dividend of $0.31 per share. The ex-dividend date is Tuesday, August 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.4%. Wabtec’s payout ratio is 16.67%.

Insider Buying and Selling

In other news, insider Michael Fetsko sold 3,250 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $293.22, for a total value of $952,965.00. Following the transaction, the insider directly owned 37,380 shares in the company, valued at $10,960,563.60. The trade was a 8.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sameer Gaur sold 1,082 shares of the company’s stock in a transaction dated 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 transaction, the insider directly owned 11,985 shares of the company’s stock, valued at approximately $3,158,047.50. This trade represents a 8.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 21,036 shares of company stock worth $6,113,542 in the last three months. Corporate insiders own 0.57% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in WAB. Whipplewood Advisors LLC purchased a new stake in Wabtec during the 1st quarter valued at approximately $25,000. Meeder Asset Management Inc. purchased a new position in shares of Wabtec in the second quarter worth $26,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings 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 in the last quarter. Manchester Capital Management LLC lifted its holdings in shares of Wabtec by 122.0% in the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock worth $28,000 after buying an additional 72 shares in the last quarter. Finally, Bell Investment Advisors Inc bought a new position in shares of Wabtec during the second quarter worth $29,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

About Wabtec

(Get Free Report)

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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