Wabtec (NYSE:WAB) Earns "Buy (B)" Rating from Weiss Ratings

Key Points

• Wabtec's stock received a reiterated "Buy (B)" rating from Weiss Ratings, while other analysts have given mixed ratings with target prices ranging from $215.00 to $240.00.
• For Q3, Wabtec reported earnings of $2.32 EPS, surpassing estimates, with a revenue of $2.89 billion and a net margin of 10.94%.
• Insider transactions indicate CEO Rafael Santana sold shares recently, decreasing his ownership by 1.30% , while institutional investors hold 91.69% of the company's stock.

Wabtec (NYSE:WAB - Get Free Report)'s stock had its "buy (b)" rating reiterated by analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

Other research analysts have also issued research reports about the stock. Susquehanna increased their target price on shares of Wabtec from $235.00 to $240.00 and gave the stock a "positive" rating in a research report on Thursday. Wall Street Zen downgraded Wabtec from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Citigroup started coverage on shares of Wabtec in a report on Monday, September 22nd. They set a "buy" rating and a $225.00 price target on the stock. Bank of America boosted their price objective on Wabtec from $231.00 to $236.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Wabtec from $200.00 to $215.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 14th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $225.38.

Wabtec Stock Up 0.1%

Shares of NYSE WAB traded up $0.10 during trading hours on Friday, hitting $197.05. The company had a trading volume of 214,005 shares, compared to its average volume of 1,061,630. The company has a quick ratio of 1.05, a current ratio of 1.42 and a debt-to-equity ratio of 0.45. The firm's 50 day moving average is $193.88 and its 200-day moving average is $195.45. The stock has a market capitalization of $33.69 billion, a P/E ratio of 28.63, a price-to-earnings-growth ratio of 1.49 and a beta of 1.10. Wabtec has a 1-year low of $151.81 and a 1-year high of $216.10.

Wabtec (NYSE:WAB - Get Free Report) last released its quarterly earnings data on Wednesday, October 22nd. The transportation company reported $2.32 EPS for the quarter, topping analysts' consensus estimates of $2.28 by $0.04. The firm had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.88 billion. Wabtec had a net margin of 10.94% and a return on equity of 13.84%. The company's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.00 earnings per share. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. On average, analysts expect that Wabtec will post 8.54 earnings per share for the current fiscal year.

Insider Transactions at Wabtec

In other Wabtec news, CEO Rafael Santana sold 1,799 shares of the firm's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $189.97, for a total value of $341,756.03. Following the completion of the sale, the chief executive officer directly owned 136,729 shares in the company, valued at approximately $25,974,408.13. This trade represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 6,281 shares of company stock worth $1,204,240 over the last 90 days. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Wabtec

Institutional investors and hedge funds have recently made changes to their positions in the stock. ORG Partners LLC increased its position in Wabtec by 50.6% in the 3rd quarter. ORG Partners LLC now owns 771 shares of the transportation company's stock valued at $155,000 after buying an additional 259 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Wabtec by 1.5% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,972 shares of the transportation company's stock valued at $4,405,000 after acquiring an additional 323 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Wabtec by 32.0% during the third quarter. Oregon Public Employees Retirement Fund now owns 19,502 shares of the transportation company's stock worth $3,910,000 after purchasing an additional 4,727 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Wabtec by 6.1% in the 3rd quarter. SG Americas Securities LLC now owns 16,744 shares of the transportation company's stock worth $3,357,000 after purchasing an additional 965 shares in the last quarter. Finally, Clean Yield Group grew its position in Wabtec by 7.4% in the 3rd quarter. Clean Yield Group now owns 12,634 shares of the transportation company's stock valued at $2,533,000 after purchasing an additional 867 shares during the period. Institutional investors own 91.69% of the company's stock.

About Wabtec

Westinghouse Air Brake Technologies Corporation, together with its subsidiaries, provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It offers diesel-electric, battery, and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products.

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