Brokerages Set Wabtec (NYSE:WAB) PT at $310.64

Shares of Wabtec (NYSE:WAB) have earned a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $310.6364.

A number of equities research analysts have recently commented on the company. Wall Street Zen downgraded Wabtec from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a research report on Friday, July 17th. Susquehanna raised their price target on Wabtec from $305.00 to $340.00 and gave the stock a “positive” rating in a research note on Thursday, July 23rd. KeyCorp lifted their price target on Wabtec from $308.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Finally, Morgan Stanley upped their price objective on shares of Wabtec from $318.00 to $355.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd.

Wabtec Stock Down 0.7%

Shares of NYSE WAB opened at $296.00 on Thursday. Wabtec has a 1 year low of $184.26 and a 1 year high of $306.64. The firm’s 50 day moving average price is $275.31 and its 200 day moving average price is $261.78. The firm has a market cap of $50.00 billion, a P/E ratio of 39.78, a price-to-earnings-growth ratio of 2.02 and a beta of 0.93. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.59 and a current ratio of 1.12.

Wabtec (NYSE:WAB) last issued its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share for the quarter, beating 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 company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same period in the previous year, the firm posted $2.27 EPS. Wabtec’s revenue was up 17.5% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. As a group, sell-side analysts anticipate that Wabtec will post 10.86 earnings per share for the current year.

Wabtec Dividend Announcement

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

Insider Activity at Wabtec

In other news, VP David L. Deninno sold 3,000 shares of the business’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $301.31, for a total transaction of $903,930.00. Following the completion of the sale, the vice president directly owned 55,128 shares of the company’s stock, valued at $16,610,617.68. The trade was a 5.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Eric Gebhardt sold 7,100 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $5,731,918.31. The trade was a 27.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 16,834 shares of company stock worth $4,874,977. 0.57% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WAB. Bank of Nova Scotia increased its stake in Wabtec by 74.2% during the second quarter. Bank of Nova Scotia now owns 215,675 shares of the transportation company’s stock worth $58,146,000 after acquiring an additional 91,843 shares during the last quarter. Compass Financial Management LLC purchased a new position in shares of Wabtec in the 2nd quarter worth about $121,000. Pinnbrook Capital Management LP lifted its stake in shares of Wabtec by 760.0% in the 2nd quarter. Pinnbrook Capital Management LP now owns 69,107 shares of the transportation company’s stock valued at $18,631,000 after purchasing an additional 61,071 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Wabtec by 45.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,282 shares of the transportation company’s stock valued at $615,000 after purchasing an additional 715 shares in the last quarter. Finally, Quantbot Technologies LP grew its holdings in shares of Wabtec by 45.5% during the 2nd quarter. Quantbot Technologies LP now owns 15,911 shares of the transportation company’s stock worth $4,290,000 after purchasing an additional 4,973 shares during the period. Institutional investors and hedge funds 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.