Wabtec (NYSE:WAB) Stock Rating Lowered by Wall Street Zen

Wabtec (NYSE:WAB) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. boosted their price target on Wabtec from $300.00 to $315.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Wells Fargo & Company lifted their price objective on Wabtec from $284.00 to $315.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. Citigroup decreased their target price on Wabtec from $313.00 to $311.00 and set a “buy” rating for the company in a report on Monday, July 13th. Wolfe Research reissued an “outperform” rating and set a $303.00 target price on shares of Wabtec in a research report on Thursday, April 23rd. Finally, Stephens raised 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. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $310.64.

Wabtec Price Performance

Wabtec stock opened at $296.85 on Friday. Wabtec has a 1 year low of $184.26 and a 1 year high of $306.64. The firm has a 50 day moving average price of $270.51 and a 200 day moving average price of $258.54. The company has a market cap of $50.14 billion, a price-to-earnings ratio of 39.90, a PEG ratio of 1.97 and a beta of 0.93. 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 quarterly earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share for the quarter, topping analysts’ consensus estimates of $2.60 by $0.16. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter last year, the firm posted $2.27 earnings per share. Wabtec’s revenue was up 17.5% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Sell-side analysts predict that Wabtec will post 10.86 earnings per share for the current year.

Insider Activity

In related news, CEO Rafael Santana sold 1,163 shares of Wabtec stock in a transaction on Monday, July 6th. The shares were sold at an average price of $262.07, for a total transaction of $304,787.41. Following 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP David L. Deninno sold 3,000 shares of the business’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $301.31, for a total transaction of $903,930.00. Following the completion of the transaction, the vice president owned 55,128 shares in the company, valued at $16,610,617.68. This represents a 5.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,671 shares of company stock valued at $4,527,193 in the last 90 days. Company insiders own 0.57% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Azzad Asset Management Inc. ADV increased its position in shares of Wabtec by 47.7% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 8,710 shares of the transportation company’s stock valued at $1,859,000 after purchasing an additional 2,811 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in shares of 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 buying an additional 4,266 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Wabtec by 24,274.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 323,936 shares of the transportation company’s stock valued at $69,144,000 after buying an additional 322,607 shares during the period. Goldman Sachs Group Inc. boosted its stake in Wabtec by 16.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 925,021 shares of the transportation company’s stock valued at $197,446,000 after buying an additional 132,091 shares in the last quarter. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Wabtec during the fourth quarter valued at about $2,134,000. Institutional investors and hedge funds 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.