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

Shares of Wabtec (NYSE:WAB) have been given an average rating of “Moderate Buy” by the twelve research firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $313.3636.

Several research firms recently weighed in on WAB. Stephens lifted their price target on shares of Wabtec from $320.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. KeyCorp raised their target price on shares of Wabtec from $308.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Susquehanna lifted their target price on shares of Wabtec from $305.00 to $340.00 and gave the company a “positive” rating in a research note on Thursday, July 23rd. Wall Street Zen cut shares of Wabtec from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a research note on Friday, July 17th.

Insider Buying and Selling

In other news, CTO Eric Gebhardt sold 7,100 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $299.27, for a total value of $2,124,817.00. Following the sale, the chief technology officer directly owned 19,153 shares of the company’s stock, valued at $5,731,918.31. This represents a 27.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rafael Santana sold 1,163 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $299.04, for a total transaction of $347,783.52. Following the completion of the sale, the chief executive officer owned 120,588 shares in the company, valued at approximately $36,060,635.52. This trade represents a 0.96% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 21,036 shares of company stock valued at $6,113,542 over the last 90 days. 0.57% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in WAB. Whipplewood Advisors LLC purchased a new stake in shares of Wabtec during the 1st quarter valued at about $25,000. Meeder Asset Management Inc. bought a new stake in shares of Wabtec in the second quarter worth approximately $26,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Wabtec by 125.9% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 73 shares during the last quarter. Manchester Capital Management LLC raised its holdings in shares of Wabtec by 122.0% during the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 72 shares during the last quarter. Finally, Bell Investment Advisors Inc bought a new position in Wabtec during the second quarter valued at approximately $29,000. Institutional investors own 91.69% of the company’s stock.

Wabtec Price Performance

Shares of WAB stock opened at $292.28 on Monday. The firm has a market cap of $49.37 billion, a P/E ratio of 39.28, a P/E/G ratio of 1.98 and a beta of 0.93. Wabtec has a fifty-two week low of $184.26 and a fifty-two week high of $306.64. The business’s 50 day moving average price is $282.66 and its 200-day moving average price is $266.96. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.59 and a current ratio of 1.12.

Wabtec (NYSE:WAB) last posted its earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.60 by $0.16. The firm had revenue of $3.18 billion for 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 business’s revenue was up 17.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.27 earnings per share. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. On average, equities research analysts anticipate that Wabtec will post 10.86 earnings per share for the current year.

Wabtec Dividend Announcement

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

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.