Wabtec (NYSE:WAB) Receives Consensus Rating of "Moderate Buy" 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.

Wabtec (NYSE:WAB - Get Free Report) has been assigned an average rating of "Moderate Buy" from the seven analysts that are presently 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 1 year price target among brokerages that have covered the stock in the last year is $222.5714.

Several research analysts have weighed in on the company. JPMorgan Chase & Co. cut their price objective on Wabtec from $216.00 to $200.00 and set a "neutral" rating on the stock in a research report on Thursday, August 14th. Morgan Stanley boosted their price objective on Wabtec from $220.00 to $226.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. 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. Wall Street Zen cut Wabtec from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, The Goldman Sachs Group reissued a "neutral" rating and issued a $201.00 price objective (up previously from $175.00) on shares of Wabtec in a research report on Wednesday, April 23rd.

Wabtec Trading Down 0.1%

NYSE WAB opened at $192.50 on Thursday. The company has a market cap of $32.91 billion, a price-to-earnings ratio of 28.73, a P/E/G ratio of 1.53 and a beta of 1.11. Wabtec has a 52 week low of $151.81 and a 52 week high of $216.10. The business has a 50 day moving average price of $201.86 and a 200-day moving average price of $192.91. The company has a quick ratio of 1.05, a current ratio of 1.76 and a debt-to-equity ratio of 0.44.

Wabtec (NYSE:WAB - Get Free Report) last announced its earnings results 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. Wabtec had a return on equity of 13.65% and a net margin of 10.92%.The company had revenue of $2.71 billion for the quarter, compared to analysts' expectations of $2.76 billion. During the same quarter in the previous year, the firm earned $1.96 earnings per share. Wabtec's quarterly revenue was up 2.3% on a year-over-year basis. Wabtec has set its FY 2025 guidance at 8.550-9.150 EPS. As a group, equities analysts expect that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, August 14th. Wabtec's dividend payout ratio is currently 14.93%.

Insider Activity

In other news, EVP Gina Trombley sold 4,299 shares of the company's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $202.00, for a total transaction of $868,398.00. Following the transaction, the executive vice president owned 13,696 shares of the company's stock, valued at $2,766,592. This represents a 23.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Eric Gebhardt sold 6,151 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $202.39, for a total value of $1,244,900.89. Following the transaction, the chief technology officer directly owned 18,697 shares in the company, valued at $3,784,085.83. This represents a 24.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,222 shares of company stock valued at $2,480,617 in the last 90 days. Insiders own 1.10% of the company's stock.

Institutional Trading of Wabtec

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. ST Germain D J Co. Inc. raised its stake in shares of 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 period. PFS Partners LLC increased its stake in Wabtec by 70.4% in the 2nd quarter. PFS Partners LLC now owns 121 shares of the transportation company's stock worth $25,000 after acquiring an additional 50 shares during the last quarter. Trust Co. of Vermont increased its stake in Wabtec by 44.2% in the 2nd quarter. Trust Co. of Vermont now owns 163 shares of the transportation company's stock worth $34,000 after acquiring an additional 50 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in Wabtec by 7.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 797 shares of the transportation company's stock worth $167,000 after acquiring an additional 54 shares during the last quarter. Finally, CVA Family Office LLC increased its stake in Wabtec by 7.9% in the 2nd quarter. CVA Family Office LLC now owns 748 shares of the transportation company's stock worth $157,000 after acquiring an additional 55 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors.

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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