Analysts Set Wabtec (NYSE:WAB) Target Price at $216.00

Shares of Wabtec (NYSE:WAB - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six analysts that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $216.00.

A number of analysts recently weighed in on the stock. KeyCorp reaffirmed an "overweight" rating and issued a $240.00 price objective (up previously from $220.00) on shares of Wabtec in a report on Tuesday, June 24th. JPMorgan Chase & Co. upped their target price on shares of Wabtec from $175.00 to $194.00 and gave the stock a "neutral" rating in a research report on Thursday, April 24th. Bank of America lifted their price target on Wabtec from $217.00 to $231.00 and gave the company a "buy" rating in a report on Friday, June 27th. Susquehanna reduced their price objective on Wabtec from $218.00 to $210.00 and set a "positive" rating for the company in a research report on Thursday, April 24th. Finally, Wall Street Zen cut Wabtec from a "buy" rating to a "hold" rating in a research report on Friday, June 27th.

Insider Activity

In related news, EVP Lilian Leroux sold 7,500 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $192.19, for a total transaction of $1,441,425.00. Following the completion of the sale, the executive vice president directly owned 13,755 shares of the company's stock, valued at $2,643,573.45. This represents a 35.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Eric Gebhardt sold 6,151 shares of Wabtec stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $202.39, for a total transaction of $1,244,900.89. Following the completion of the transaction, the chief technology officer owned 18,697 shares in the company, valued at approximately $3,784,085.83. This trade represents a 24.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,588 shares of company stock worth $19,832,997 in the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Wabtec

Large investors have recently modified their holdings of the stock. Dorsey & Whitney Trust CO LLC purchased a new stake in shares of Wabtec during the fourth quarter valued at $204,000. AGF Management Ltd. acquired a new stake in Wabtec during the 4th quarter worth about $10,566,000. Catalyst Funds Management Pty Ltd lifted its stake in Wabtec by 200.0% during the fourth quarter. Catalyst Funds Management Pty Ltd now owns 1,800 shares of the transportation company's stock valued at $341,000 after buying an additional 1,200 shares in the last quarter. Twin Tree Management LP increased its position in shares of Wabtec by 108.8% in the fourth quarter. Twin Tree Management LP now owns 2,960 shares of the transportation company's stock worth $561,000 after acquiring an additional 36,435 shares in the last quarter. Finally, Cibc World Markets Corp increased its position in shares of Wabtec by 14.4% in the fourth quarter. Cibc World Markets Corp now owns 27,266 shares of the transportation company's stock worth $5,169,000 after acquiring an additional 3,441 shares in the last quarter. 91.69% of the stock is owned by institutional investors.

Wabtec Stock Performance

NYSE WAB traded down $0.44 during trading hours on Wednesday, reaching $213.44. The company's stock had a trading volume of 576,996 shares, compared to its average volume of 1,067,805. The company has a current ratio of 1.34, a quick ratio of 0.73 and a debt-to-equity ratio of 0.34. The business has a 50-day simple moving average of $199.91 and a 200 day simple moving average of $192.06. Wabtec has a 52 week low of $147.66 and a 52 week high of $222.28. The stock has a market cap of $36.53 billion, a PE ratio of 33.45, a PEG ratio of 1.58 and a beta of 1.12.

Wabtec (NYSE:WAB - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.25. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.61 billion. Wabtec had a return on equity of 13.35% and a net margin of 10.53%. The business's revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $1.89 EPS. Equities research analysts predict that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Tuesday, May 27th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.47%. Wabtec's dividend payout ratio (DPR) is 15.67%.

Wabtec Company Profile

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.