Wabtec (NYSE:WAB) Reaches New 12-Month High – Here’s Why

Wabtec (NYSE:WAB) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $278.39 and last traded at $277.4470, with a volume of 1336363 shares traded. The stock had previously closed at $273.83.

Analysts Set New Price Targets

WAB has been the subject of several recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a report on Monday, April 20th. Citigroup increased their target price on shares of Wabtec from $283.00 to $292.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. Morgan Stanley reissued an “overweight” rating and set a $318.00 target price on shares of Wabtec in a research report on Monday, April 27th. Wells Fargo & Company boosted their price target on shares of Wabtec from $270.00 to $284.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Finally, Wall Street Zen cut shares of Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $289.82.

Wabtec Trading Up 0.9%

The stock has a market capitalization of $46.88 billion, a P/E ratio of 39.07, a price-to-earnings-growth ratio of 1.96 and a beta of 0.94. The company has a current ratio of 1.02, a quick ratio of 0.54 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average price of $264.12 and a 200 day moving average price of $246.02.

Wabtec (NYSE:WAB) last issued its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.62 by $0.09. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter last year, the company earned $2.28 earnings per share. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. On average, research analysts forecast that Wabtec will post 10.61 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Friday, May 22nd were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Friday, May 22nd. Wabtec’s payout ratio is 17.54%.

Insider Buying and Selling

In other news, CEO Rafael Santana sold 1,163 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $261.06, for a total transaction of $303,612.78. Following the completion of the sale, the chief executive officer owned 124,077 shares in the company, valued at approximately $32,391,541.62. This represents a 0.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sameer Gaur sold 1,082 shares of the business’s stock in a transaction 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 transaction, the insider owned 11,985 shares in the company, valued at approximately $3,158,047.50. This trade represents a 8.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 65,423 shares of company stock valued at $17,562,278 in the last three months. 0.57% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Wabtec

Large investors have recently modified their holdings of the business. Whipplewood Advisors LLC purchased a new stake in Wabtec during the 1st quarter worth approximately $25,000. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Wabtec by 125.9% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 73 shares during the period. Manchester Capital Management LLC raised its stake in Wabtec by 122.0% in 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 during the last quarter. McMillan Office Inc. acquired a new stake in Wabtec during the 4th quarter worth about $31,000. Finally, Reflection Asset Management purchased a new stake in Wabtec during the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

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.