Wabtec (NYSE:WAB) Receives $269.00 Consensus PT from Analysts

Shares of Wabtec (NYSE:WAB) have earned an average rating of “Moderate Buy” from the eleven analysts that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $269.00.

WAB has been the subject of a number of research analyst reports. Wolfe Research raised Wabtec from a “peer perform” rating to an “outperform” rating and set a $245.00 target price for the company in a research note on Thursday, January 8th. Wall Street Zen upgraded Wabtec from a “hold” rating to a “buy” rating in a report on Monday, March 2nd. JPMorgan Chase & Co. boosted their price objective on Wabtec from $215.00 to $245.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Susquehanna set a $300.00 target price on Wabtec in a research note on Thursday, February 12th. Finally, Stephens raised their target price on shares of Wabtec from $230.00 to $290.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th.

Insiders Place Their Bets

In other Wabtec news, CEO Rafael Santana sold 1,163 shares of Wabtec stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $243.10, for a total value of $282,725.30. Following the sale, the chief executive officer owned 190,744 shares of the company’s stock, valued at $46,369,866.40. This trade represents a 0.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Rogerio Mendonca sold 3,500 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $264.21, for a total value of $924,735.00. Following the completion of the sale, the insider owned 10,101 shares in the company, valued at approximately $2,668,785.21. This trade represents a 25.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 34,355 shares of company stock worth $8,661,997 in the last ninety days. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Wabtec

A number of hedge funds and other institutional investors have recently bought and sold shares of WAB. Colonial Trust Advisors lifted its stake in Wabtec by 454.5% in the 2nd quarter. Colonial Trust Advisors now owns 122 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 100 shares in the last quarter. Piscataqua Savings Bank grew its stake in shares of Wabtec by 12,800.0% during the 3rd quarter. Piscataqua Savings Bank now owns 129 shares of the transportation company’s stock worth $26,000 after acquiring an additional 128 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised 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 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% in 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, Motco lifted its position in shares of Wabtec by 6,600.0% in the third quarter. Motco now owns 134 shares of the transportation company’s stock worth $27,000 after purchasing an additional 132 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wabtec Trading Down 0.3%

Shares of NYSE WAB opened at $245.94 on Monday. The company’s fifty day moving average is $241.42 and its 200-day moving average is $215.73. The stock has a market cap of $41.94 billion, a price-to-earnings ratio of 36.01, a P/E/G ratio of 1.86 and a beta of 0.99. Wabtec has a twelve month low of $151.81 and a twelve month high of $266.27. The company has a quick ratio of 0.57, a current ratio of 1.11 and a debt-to-equity ratio of 0.38.

Wabtec (NYSE:WAB) last released its quarterly earnings data on Wednesday, February 11th. The transportation company reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.02. The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.86 billion. Wabtec had a net margin of 10.48% and a return on equity of 14.12%. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.68 EPS. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. Equities research analysts predict that Wabtec will post 8.54 EPS for the current year.

Wabtec announced that its Board of Directors has approved a share repurchase program on Wednesday, February 11th that authorizes the company to buyback $1.20 billion in outstanding shares. This buyback authorization authorizes the transportation company to purchase up to 2.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Wabtec Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th were given a dividend of $0.31 per share. This is a positive change from Wabtec’s previous quarterly dividend of $0.25. This represents a $1.24 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, February 17th. Wabtec’s payout ratio is currently 18.16%.

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.