Wabtec (NYSE:WAB) Price Target Raised to $340.00

Wabtec (NYSE:WABFree Report) had its price objective hoisted by KeyCorp from $308.00 to $340.00 in a report published on Thursday morning, Marketbeat reports. They currently have an overweight rating on the transportation company’s stock.

A number of other analysts have also recently weighed in on WAB. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a research report on Friday, July 17th. JPMorgan Chase & Co. upped their price objective on Wabtec from $290.00 to $300.00 and gave the stock a “neutral” rating in a research note on Monday, July 13th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $290.00 target price (down from $300.00) on shares of Wabtec in a research report on Tuesday, March 31st. Stephens upgraded Wabtec to a “strong-buy” rating in a research note on Wednesday, July 8th. Finally, Susquehanna reissued a “positive” rating and set a $305.00 price target on shares of Wabtec in a report on Thursday, April 23rd. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Wabtec has a consensus rating of “Moderate Buy” and a consensus price target of $310.64.

View Our Latest Analysis on WAB

Wabtec Price Performance

Shares of NYSE:WAB opened at $302.22 on Thursday. The company has a market cap of $51.05 billion, a PE ratio of 40.62, a P/E/G ratio of 2.06 and a beta of 0.94. Wabtec has a fifty-two week low of $184.26 and a fifty-two week high of $302.96. The firm has a 50-day simple moving average of $265.80 and a 200 day simple moving average of $255.16. The company has a quick ratio of 0.54, a current ratio of 1.12 and a debt-to-equity ratio of 0.44.

Wabtec (NYSE:WABGet Free Report) last issued its earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share (EPS) 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 firm had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter last year, the company 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. On average, sell-side analysts anticipate that Wabtec will post 10.86 EPS for the current year.

Wabtec Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be given a dividend of $0.31 per share. The ex-dividend date is Tuesday, August 18th. This represents a $1.24 annualized dividend and a dividend yield of 0.4%. Wabtec’s payout ratio is currently 16.67%.

Insider Buying and Selling

In other Wabtec news, insider Sameer Gaur sold 1,082 shares of Wabtec stock in a transaction on Friday, June 12th. The stock was sold at an average price of $263.50, for a total transaction of $285,107.00. Following the sale, the insider owned 11,985 shares of the company’s stock, valued at $3,158,047.50. The trade was a 8.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rafael Santana sold 1,163 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $261.06, for a total value of $303,612.78. Following the transaction, the chief executive officer owned 124,077 shares of the company’s stock, valued at $32,391,541.62. This trade represents a 0.93% 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 a total of 5,734 shares of company stock valued at $1,504,571 over the last three months. Corporate insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On Wabtec

Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC raised its position in shares of 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 buying an additional 135,553 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted 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 acquiring an additional 4,266 shares in the last quarter. Azzad Asset Management Inc. ADV boosted its holdings in shares of Wabtec by 47.7% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 8,710 shares of the transportation company’s stock valued at $1,859,000 after acquiring an additional 2,811 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in shares of Wabtec by 897.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 15,502 shares of the transportation company’s stock valued at $3,309,000 after acquiring an additional 13,948 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Wabtec by 24,274.4% during 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 acquiring an additional 322,607 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

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Wabtec Company Profile

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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.

Further Reading

Analyst Recommendations for Wabtec (NYSE:WAB)

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