Wabtec (NYSE:WAB) Receives $222.57 Consensus Price Target from Brokerages

Key Points

• Wabtec has received a consensus rating of "Moderate Buy" from seven analysts, with an average one-year price target of $222.57.
• The company reported earnings of $2.27 per share for the last quarter, surpassing estimates, while also announcing a quarterly dividend of $0.25 per share.
• Insider activity reflects significant stock sales, with executives selling over 12,000 shares combined in recent months, indicating a potential shift in confidence.

Shares of Wabtec (NYSE:WAB - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the seven analysts that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $222.5714.

Several analysts have issued reports on the stock. KeyCorp restated an "overweight" rating and issued a $240.00 price target (up from $220.00) on shares of Wabtec in a research report on Tuesday, June 24th. Bank of America raised their price target on shares of Wabtec from $231.00 to $236.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Wall Street Zen lowered shares of Wabtec from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. decreased their price target on shares of Wabtec from $216.00 to $200.00 and set a "neutral" rating on the stock in a research report on Thursday, August 14th. Finally, Morgan Stanley raised their price target on shares of Wabtec from $220.00 to $226.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th.

Insider Activity

In other news, EVP Gina Trombley sold 4,299 shares of Wabtec stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $202.00, for a total transaction of $868,398.00. Following the sale, the executive vice president directly owned 13,696 shares in the company, valued at approximately $2,766,592. The trade was a 23.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rafael Santana sold 886 shares of Wabtec stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $192.83, for a total transaction of $170,847.38. Following the sale, the chief executive officer owned 139,414 shares in the company, valued at approximately $26,883,201.62. This trade represents a 0.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,957 shares of company stock worth $1,406,563. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Wabtec

Several institutional investors have recently added to or reduced their stakes in WAB. PFS Partners LLC lifted its holdings in Wabtec by 70.4% during the 2nd quarter. PFS Partners LLC now owns 121 shares of the transportation company's stock valued at $25,000 after purchasing an additional 50 shares during the last quarter. Colonial Trust Advisors lifted its holdings in Wabtec by 454.5% during the 2nd quarter. Colonial Trust Advisors now owns 122 shares of the transportation company's stock valued at $26,000 after purchasing an additional 100 shares during the last quarter. Trust Co. of Vermont lifted its holdings in Wabtec by 44.2% during the 2nd quarter. Trust Co. of Vermont now owns 163 shares of the transportation company's stock valued at $34,000 after purchasing an additional 50 shares during the last quarter. ST Germain D J Co. Inc. lifted its holdings in Wabtec by 30.2% during the 2nd quarter. ST Germain D J Co. Inc. now owns 207 shares of the transportation company's stock valued at $43,000 after purchasing an additional 48 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in Wabtec during the 2nd quarter valued at about $44,000. 91.69% of the stock is owned by institutional investors.

Wabtec Stock Performance

WAB traded up $2.12 during trading on Thursday, hitting $195.43. The stock had a trading volume of 1,188,315 shares, compared to its average volume of 1,279,782. The firm has a market cap of $33.41 billion, a PE ratio of 29.17, a P/E/G ratio of 1.54 and a beta of 1.11. Wabtec has a 12 month low of $151.81 and a 12 month high of $216.10. The company has a current ratio of 1.76, a quick ratio of 1.05 and a debt-to-equity ratio of 0.44. The company has a 50 day simple moving average of $201.18 and a 200-day simple moving average of $192.47.

Wabtec (NYSE:WAB - Get Free Report) last announced its earnings results on Thursday, July 24th. The transportation company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.18 by $0.09. The firm 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 business's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.96 EPS. Wabtec has set its FY 2025 guidance at 8.550-9.150 EPS. Analysts expect that Wabtec will post 8.54 EPS for the current year.

Wabtec Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, August 14th. Wabtec's 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.