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

Shares of Wabtec (NYSE:WAB) have received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $310.6364.

A number of brokerages recently issued reports on WAB. Citigroup decreased their target price on Wabtec from $313.00 to $311.00 and set a “buy” rating on the stock in a report on Monday, July 13th. Wells Fargo & Company upped their target price on Wabtec from $284.00 to $315.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. Wolfe Research reiterated an “outperform” rating and issued a $303.00 price target on shares of Wabtec in a research report on Thursday, April 23rd. KeyCorp lifted their price target on Wabtec from $308.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Finally, Susquehanna boosted their price objective on Wabtec from $305.00 to $340.00 and gave the stock a “positive” rating in a report on Thursday, July 23rd.

Wabtec Trading Down 1.1%

Shares of NYSE:WAB opened at $295.79 on Thursday. The stock has a market capitalization of $49.96 billion, a price-to-earnings ratio of 39.76, a PEG ratio of 2.03 and a beta of 0.93. Wabtec has a 1-year low of $184.26 and a 1-year high of $306.64. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.59 and a current ratio of 1.12. The company has a 50 day moving average price of $271.95 and a 200 day moving average price of $259.52.

Wabtec (NYSE:WAB) last posted its quarterly 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. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.The company had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter in the prior year, the company earned $2.27 earnings per share. The firm’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, research analysts anticipate that Wabtec will post 10.86 EPS for the current fiscal 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 given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, August 18th. Wabtec’s dividend payout ratio (DPR) is 16.67%.

Insider Activity

In other news, insider Sameer Gaur sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $300.64, for a total transaction of $300,640.00. Following the sale, the insider owned 10,985 shares in the company, valued at $3,302,530.40. The trade was a 8.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David L. Deninno sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $301.31, for a total transaction of $903,930.00. Following the completion of the sale, the vice president owned 55,128 shares of the company’s stock, valued at approximately $16,610,617.68. This trade represents a 5.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 15,671 shares of company stock worth $4,527,193 over the last three months. 0.57% of the stock is owned by insiders.

Institutional Trading of Wabtec

Several hedge funds and other institutional investors have recently modified their holdings of WAB. Whipplewood Advisors LLC purchased a new position in shares of Wabtec during the first quarter valued at $25,000. Clal Insurance Enterprises Holdings Ltd raised its position in 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 buying an additional 73 shares during the period. Manchester Capital Management LLC lifted its stake in Wabtec by 122.0% in the 4th quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock worth $28,000 after acquiring an additional 72 shares in the last quarter. McMillan Office Inc. purchased a new stake in Wabtec in the 4th quarter worth about $31,000. Finally, Reflection Asset Management acquired a new stake in Wabtec during the 4th quarter worth about $35,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

About Wabtec

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.