Wabtec (NYSE:WAB) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Wabtec (NYSE:WAB) have received an average recommendation of “Moderate Buy” from the twelve analysts that are covering the company, 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 price target among brokerages that have updated their coverage on the stock in the last year is $289.8182.

Several analysts recently weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a report on Monday, April 20th. KeyCorp upped their price objective on Wabtec from $240.00 to $308.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Wall Street Zen downgraded Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $290.00 price objective (down from $300.00) on shares of Wabtec in a research report on Tuesday, March 31st. Finally, Susquehanna reaffirmed a “positive” rating and issued a $305.00 price objective on shares of Wabtec in a research report on Thursday.

Insider Buying and Selling

In other Wabtec news, insider Nalin Jain sold 7,936 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $264.09, for a total value of $2,095,818.24. Following the transaction, the insider owned 6,364 shares of the company’s stock, valued at $1,680,668.76. This represents a 55.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Gina Trombley sold 4,013 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $241.87, for a total value of $970,624.31. Following the completion of the transaction, the executive vice president directly owned 13,841 shares in the company, valued at $3,347,722.67. This trade represents a 22.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 92,364 shares of company stock worth $24,522,522 over the last ninety days. Corporate insiders own 0.57% of the company’s stock.

Hedge Funds Weigh In On Wabtec

A number of hedge funds and other institutional investors have recently made changes to their positions in WAB. Norges Bank bought a new position in shares of Wabtec during the 4th quarter worth $409,039,000. Price T Rowe Associates Inc. MD grew its position in shares of Wabtec by 20.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company’s stock worth $1,700,238,000 after buying an additional 1,344,744 shares in the last quarter. Nordea Investment Management AB grew its position in shares of Wabtec by 55.5% during the 4th quarter. Nordea Investment Management AB now owns 3,069,340 shares of the transportation company’s stock worth $659,939,000 after buying an additional 1,095,083 shares in the last quarter. Farallon Capital Management LLC grew its position in shares of Wabtec by 68.6% during the 3rd quarter. Farallon Capital Management LLC now owns 2,205,098 shares of the transportation company’s stock worth $442,056,000 after buying an additional 896,900 shares in the last quarter. Finally, Bank of Montreal Can grew its position in shares of Wabtec by 360.0% during the 4th quarter. Bank of Montreal Can now owns 885,197 shares of the transportation company’s stock worth $188,945,000 after buying an additional 692,773 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

Wabtec Stock Performance

NYSE:WAB opened at $267.60 on Tuesday. The stock’s fifty day moving average is $254.87 and its 200 day moving average is $229.69. Wabtec has a fifty-two week low of $180.06 and a fifty-two week high of $275.84. The firm has a market capitalization of $45.41 billion, a PE ratio of 37.85, a PEG ratio of 1.92 and a beta of 0.99. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.54 and a current ratio of 1.02.

Wabtec (NYSE:WAB) last released its quarterly earnings results on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.09. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same quarter in the prior year, the firm posted $2.28 EPS. Wabtec’s quarterly revenue was up 13.0% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. On average, sell-side analysts anticipate that Wabtec will post 10.57 earnings per share for the current year.

Wabtec Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were given a $0.31 dividend. This is a boost from Wabtec’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $1.24 annualized dividend and a yield of 0.5%. Wabtec’s dividend payout ratio is currently 17.54%.

Wabtec declared that its Board of Directors has approved a stock buyback plan on Wednesday, February 11th that allows the company to repurchase $1.20 billion in outstanding shares. This repurchase authorization allows the transportation company to buy up to 2.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

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.