Analysts Set Wabtec (NYSE:WAB) Price Target at $289.82

Shares of Wabtec (NYSE:WAB) have earned a consensus rating of “Moderate Buy” from the twelve ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $289.8182.

Several brokerages have recently commented on WAB. Susquehanna reaffirmed a “positive” rating and set a $305.00 price objective on shares of Wabtec in a research report on Thursday, April 23rd. Wells Fargo & Company increased their target price on Wabtec from $270.00 to $284.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Wall Street Zen cut Wabtec from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Rothschild & Co Redburn upgraded Wabtec from a “neutral” rating to a “buy” rating and increased their target price for the stock from $262.00 to $285.00 in a report on Thursday, March 26th. Finally, Citigroup increased their target price on Wabtec from $283.00 to $292.00 and gave the stock a “buy” rating in a report on Thursday, April 9th.

Insiders Place Their Bets

In related news, CEO Rafael Santana sold 60,852 shares of the stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $268.89, for a total value of $16,362,494.28. Following the transaction, the chief executive officer directly owned 128,729 shares in the company, valued at $34,613,940.81. This trade represents a 32.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sameer Gaur sold 1,082 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $263.50, for a total value of $285,107.00. Following the completion of the transaction, the insider owned 11,985 shares in the company, valued at approximately $3,158,047.50. This represents a 8.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 65,423 shares of company stock worth $17,562,278. 0.57% of the stock is owned by company insiders.

Hedge Funds Weigh In On Wabtec

Large investors have recently bought and sold shares of the stock. Whipplewood Advisors LLC bought a new position in Wabtec during the 1st quarter valued at $25,000. Clal Insurance Enterprises Holdings Ltd lifted its stake in Wabtec by 125.9% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 73 shares in the last quarter. Manchester Capital Management LLC lifted its stake in Wabtec by 122.0% during the 4th quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 72 shares in the last quarter. McMillan Office Inc. bought a new position in Wabtec during the 4th quarter valued at $31,000. Finally, Reflection Asset Management bought a new position in Wabtec during the 4th quarter valued at $35,000. 91.69% of the stock is currently owned by institutional investors.

Wabtec Stock Performance

Shares of WAB stock opened at $271.05 on Wednesday. The company has a market cap of $45.99 billion, a price-to-earnings ratio of 38.34, a price-to-earnings-growth ratio of 1.98 and a beta of 0.94. Wabtec has a 52 week low of $184.26 and a 52 week high of $278.98. The company has a quick ratio of 0.54, a current ratio of 1.02 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average of $264.30 and a 200-day moving average of $246.90.

Wabtec (NYSE:WAB) last announced its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.62 by $0.09. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $3.08 billion. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. The company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.28 EPS. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. On average, equities analysts forecast that Wabtec will post 10.61 earnings per share for the current year.

Wabtec Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Friday, May 22nd were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, May 22nd. Wabtec’s dividend payout ratio (DPR) is currently 17.54%.

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.