Wabtec (NYSE:WAB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Wabtec (NYSE:WAB) from a hold rating to a buy rating in a research report report published on Saturday morning.

WAB has been the subject of a number of other research reports. Susquehanna upped their target price on shares of Wabtec from $305.00 to $340.00 and gave the stock a “positive” rating in a report on Thursday, July 23rd. Wells Fargo & Company raised their price target on shares of Wabtec from $284.00 to $315.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a research report on Friday, July 17th. Citigroup dropped their price objective on shares of Wabtec from $313.00 to $311.00 and set a “buy” rating for the company in a research note on Monday, July 13th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $290.00 price objective (down from $300.00) on shares of Wabtec in a report on Tuesday, March 31st. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Wabtec presently has an average rating of “Moderate Buy” and a consensus price target of $310.64.

Wabtec Stock Performance

Shares of NYSE:WAB opened at $300.74 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 0.59. Wabtec has a 1 year low of $184.26 and a 1 year high of $303.41. The firm has a market capitalization of $50.80 billion, a PE ratio of 40.42, a P/E/G ratio of 2.05 and a beta of 0.94. The business’s 50 day moving average price is $266.61 and its 200-day moving average price is $255.99.

Wabtec (NYSE:WAB) last posted its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $2.76 EPS for the quarter, beating the consensus estimate of $2.60 by $0.16. The firm had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.07 billion. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.The firm’s revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. As a group, equities research analysts expect that Wabtec will post 10.86 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.4%. Wabtec’s dividend payout ratio (DPR) is 16.67%.

Insider Buying and Selling at Wabtec

In other news, CEO Rafael Santana sold 1,163 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $261.06, for a total transaction of $303,612.78. Following the transaction, the chief executive officer owned 124,077 shares of the company’s stock, valued at approximately $32,391,541.62. The trade was a 0.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through 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 company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $263.50, for a total transaction of $285,107.00. Following the completion of the sale, the insider directly owned 11,985 shares of the company’s stock, valued at $3,158,047.50. This represents a 8.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 5,734 shares of company stock worth $1,504,571. Insiders own 0.57% of the company’s stock.

Institutional Trading of Wabtec

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

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.