Wabtec (NYSE:WAB) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Wabtec (NYSE:WAB) has been given an average rating of “Moderate Buy” by the twelve analysts that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $313.82.

WAB has been the subject of several analyst reports. Stephens increased their price target on shares of Wabtec from $320.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. KeyCorp increased their target price on shares of Wabtec from $308.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Wells Fargo & Company raised their target price on shares of Wabtec from $284.00 to $315.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. Wall Street Zen lowered shares of Wabtec from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Finally, Citigroup upped their price target on Wabtec from $311.00 to $341.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th.

Insider Activity at Wabtec

In other Wabtec news, VP David L. Deninno sold 3,000 shares of the firm’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $301.31, for a total value 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Eric Gebhardt sold 7,100 shares of the business’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $299.27, for a total value of $2,124,817.00. Following the sale, the chief technology officer owned 19,153 shares in the company, valued at $5,731,918.31. The trade was a 27.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 17,628 shares of company stock worth $5,220,523 over the last ninety days. Corporate insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On Wabtec

A number of large investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. acquired a new stake in Wabtec during the 2nd quarter worth about $26,000. Whipplewood Advisors LLC purchased a new position in shares of Wabtec in the first quarter worth about $25,000. Bell Investment Advisors Inc purchased a new position in shares of Wabtec in the second quarter worth about $29,000. Fiduciary Financial Advisors purchased a new position in shares of Wabtec in the second quarter worth about $29,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted 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 worth $28,000 after purchasing an additional 73 shares during the period. 91.69% of the stock is owned by hedge funds and other institutional investors.

Wabtec Stock Up 0.2%

Shares of NYSE WAB opened at $287.74 on Friday. Wabtec has a 12-month low of $186.06 and a 12-month high of $306.64. The stock’s fifty day simple moving average is $290.57 and its two-hundred day simple moving average is $271.80. The stock has a market capitalization of $48.60 billion, a PE ratio of 38.67, a price-to-earnings-growth ratio of 1.94 and a beta of 0.92. The company has a current ratio of 1.12, a quick ratio of 0.59 and a debt-to-equity ratio of 0.44.

Wabtec (NYSE:WAB) last released its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $2.76 EPS for the quarter, topping 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 firm had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same period in the previous year, the company posted $2.27 EPS. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. As a group, analysts expect that Wabtec will post 10.89 EPS for the current fiscal year.

Wabtec Announces Dividend

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

About Wabtec

Wabtec Corporation, also known as Westinghouse Air Brake Technologies Corporation, provides equipment, systems, software and services for the global rail and transit industries. Its offerings support freight railroads, passenger rail operators, transit agencies, mining companies and other transportation customers.

The company manufactures and services locomotives, locomotive engines, braking systems, electronic and control equipment, train components, signaling and communications systems, and digital technologies designed to improve rail safety, efficiency and asset management.