Wabtec (NYSE:WAB) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Wabtec has received a consensus recommendation of "Moderate Buy" from nine brokerages, with two hold ratings and seven buy ratings.
• The average 12-month price target for Wabtec shares among analysts is $222.88, showing optimistic outlook for the stock's performance.
• Wabtec recently reported earnings of $2.27 per share for the last quarter, exceeding estimates, while also announcing a quarterly dividend of $0.25 per share.

Wabtec (NYSE:WAB - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the nine brokerages that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $222.8750.

WAB has been the topic of several recent analyst reports. Bank of America increased their price objective on shares of Wabtec from $231.00 to $236.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Morgan Stanley increased their target price on shares of Wabtec from $220.00 to $226.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Wall Street Zen cut shares of Wabtec from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Citigroup assumed coverage on shares of Wabtec in a research report on Monday, September 22nd. They issued a "buy" rating and a $225.00 target price for the company. Finally, KeyCorp reiterated an "overweight" rating and issued a $240.00 target price (up from $220.00) on shares of Wabtec in a research report on Tuesday, June 24th.

Insider Activity at Wabtec

In other news, CEO Rafael Santana sold 1,798 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $189.63, for a total value of $340,954.74. Following the completion of the sale, the chief executive officer directly owned 134,931 shares in the company, valued at $25,586,965.53. This represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 4,483 shares of company stock valued at $853,558 in the last ninety days. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Wabtec

Hedge funds and other institutional investors have recently bought and sold shares of the company. ORG Partners LLC increased its position in Wabtec by 25.8% during the second quarter. ORG Partners LLC now owns 512 shares of the transportation company's stock worth $107,000 after purchasing an additional 105 shares during the last quarter. Parallel Advisors LLC increased its position in Wabtec by 5.7% during the second quarter. Parallel Advisors LLC now owns 2,147 shares of the transportation company's stock worth $450,000 after purchasing an additional 115 shares during the last quarter. Kathmere Capital Management LLC acquired a new stake in Wabtec during the second quarter worth about $263,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Wabtec by 11.7% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,649 shares of the transportation company's stock worth $4,532,000 after purchasing an additional 2,268 shares during the last quarter. Finally, Covea Finance increased its position in Wabtec by 2.8% during the second quarter. Covea Finance now owns 115,948 shares of the transportation company's stock worth $24,274,000 after purchasing an additional 3,200 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Wabtec Stock Performance

WAB opened at $195.41 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.76 and a debt-to-equity ratio of 0.44. The company has a market cap of $33.41 billion, a price-to-earnings ratio of 29.17, a PEG ratio of 1.55 and a beta of 1.10. Wabtec has a 52-week low of $151.81 and a 52-week high of $216.10. The firm's fifty day simple moving average is $192.89 and its two-hundred day simple moving average is $194.36.

Wabtec (NYSE:WAB - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The transportation company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.09. The business had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.76 billion. Wabtec had a net margin of 10.92% and a return on equity of 13.65%. The company's revenue was up 2.3% compared to the same quarter last year. During the same period last year, the firm posted $1.96 earnings per share. Wabtec has set its FY 2025 guidance at 8.550-9.150 EPS. Equities analysts anticipate that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Thursday, August 14th. Wabtec's dividend payout ratio is 14.93%.

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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