Wabtec (NYSE:WAB) Stock Rating Upgraded by Rothschild & Co Redburn

Wabtec (NYSE:WAB) was upgraded by stock analysts at Rothschild & Co Redburn from a “neutral” rating to a “buy” rating in a report released on Thursday,Benzinga reports. The firm presently has a $285.00 price objective on the transportation company’s stock, up from their prior price objective of $262.00. Rothschild & Co Redburn’s price target would suggest a potential upside of 14.64% from the company’s previous close.

Several other equities research analysts have also recently commented on WAB. Wall Street Zen cut Wabtec from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. KeyCorp lifted their price objective on shares of Wabtec from $240.00 to $308.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a research note on Wednesday, January 21st. Wolfe Research upgraded shares of Wabtec from a “peer perform” rating to an “outperform” rating and set a $245.00 price objective for the company in a research report on Thursday, January 8th. Finally, Citigroup raised their target price on shares of Wabtec from $258.00 to $283.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Wabtec has an average rating of “Moderate Buy” and a consensus target price of $270.45.

Wabtec Stock Performance

NYSE WAB opened at $248.61 on Thursday. 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 has a 52-week low of $151.81 and a 52-week high of $266.27. The business’s 50-day moving average price is $245.21 and its 200 day moving average price is $218.98. The firm has a market cap of $42.39 billion, a P/E ratio of 36.40, a P/E/G ratio of 1.85 and a beta of 0.99.

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

Wabtec announced that its board has approved a share repurchase plan on Wednesday, February 11th that allows the company to repurchase $1.20 billion in 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 typically an indication that the company’s board believes its shares are undervalued.

Insider Activity at Wabtec

In other news, 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 transaction of $970,624.31. Following the transaction, the executive vice president directly owned 13,841 shares of the company’s stock, valued at $3,347,722.67. This represents a 22.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sameer Gaur sold 1,150 shares of the firm’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $262.62, for a total transaction of $302,013.00. Following the completion of the sale, the insider owned 12,017 shares of the company’s stock, valued at $3,155,904.54. This trade represents a 8.73% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 31,512 shares of company stock worth $8,160,028. 1.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Wabtec

Several institutional investors have recently modified their holdings of WAB. Rockefeller Capital Management L.P. increased its stake in Wabtec by 4.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 17,987 shares of the transportation company’s stock valued at $3,839,000 after purchasing an additional 771 shares in the last quarter. World Investment Advisors boosted its position in Wabtec by 14.3% during the fourth quarter. World Investment Advisors now owns 7,336 shares of the transportation company’s stock worth $1,566,000 after purchasing an additional 915 shares in the last quarter. Corient Private Wealth LLC grew its holdings in Wabtec by 17.6% in the fourth quarter. Corient Private Wealth LLC now owns 13,163 shares of the transportation company’s stock valued at $2,813,000 after purchasing an additional 1,967 shares during the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Wabtec in the fourth quarter valued at $2,134,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Wabtec in the fourth quarter valued at $70,000. Hedge funds and other institutional investors 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.