Wabtec (NYSE:WAB) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Wabtec (NYSE:WAB) had its price target upped by equities research analysts at JPMorgan Chase & Co. from $290.00 to $300.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 15.12% from the stock’s current price.

WAB has been the subject of several other reports. Citigroup upped their target price on Wabtec from $283.00 to $292.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Morgan Stanley reissued an “overweight” rating and issued a $318.00 price objective on shares of Wabtec in a report on Monday, April 27th. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a research report on Monday, April 20th. Susquehanna reiterated a “positive” rating and issued a $305.00 target price on shares of Wabtec in a report on Thursday, April 23rd. Finally, Wolfe Research reissued an “outperform” rating and issued a $303.00 price target on shares of Wabtec in a research note on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Wabtec has an average rating of “Moderate Buy” and a consensus price target of $291.64.

Wabtec Price Performance

WAB traded down $0.62 during trading on Monday, reaching $260.59. The company’s stock had a trading volume of 194,044 shares, compared to its average volume of 900,943. The company has a quick ratio of 0.54, a current ratio of 1.02 and a debt-to-equity ratio of 0.42. The firm has a fifty day simple moving average of $264.85 and a two-hundred day simple moving average of $251.57. Wabtec has a 1 year low of $184.26 and a 1 year high of $284.91. The company has a market cap of $44.22 billion, a price-to-earnings ratio of 36.88, a PEG ratio of 1.87 and a beta of 0.94.

Wabtec (NYSE:WAB) last posted its quarterly earnings results on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share (EPS) 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 business had revenue of $2.95 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same period in the prior year, the business earned $2.28 earnings per share. The business’s revenue was up 13.0% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. As a group, analysts anticipate that Wabtec will post 10.61 EPS for the current year.

Insider Transactions at Wabtec

In other Wabtec news, insider Sameer Gaur sold 1,082 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $263.50, for a total value of $285,107.00. Following the completion of the transaction, the insider owned 11,985 shares in the company, valued at $3,158,047.50. The trade was a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Rafael Santana sold 1,163 shares of the stock in a transaction 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 in the company, valued at approximately $32,212,071.98. The trade was a 0.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 66,586 shares of company stock worth $17,867,065 over the last quarter. Insiders own 0.57% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its position in Wabtec by 809.6% during the 4th quarter. SG Americas Securities LLC now owns 152,297 shares of the transportation company’s stock worth $32,508,000 after purchasing an additional 135,553 shares during the last quarter. Nordea Investment Management AB raised its holdings in Wabtec by 55.5% during the fourth quarter. Nordea Investment Management AB now owns 3,069,340 shares of the transportation company’s stock worth $659,939,000 after purchasing an additional 1,095,083 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Wabtec by 5.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 85,485 shares of the transportation company’s stock valued at $18,247,000 after purchasing an additional 4,266 shares during the period. Exchange Traded Concepts LLC increased its position in Wabtec by 897.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 15,502 shares of the transportation company’s stock worth $3,309,000 after purchasing an additional 13,948 shares during the period. Finally, Azzad Asset Management Inc. ADV raised its position in Wabtec by 47.7% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 8,710 shares of the transportation company’s stock worth $1,859,000 after acquiring an additional 2,811 shares in the last quarter. Hedge funds and other institutional investors 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.