Wabtec (NYSE:WAB) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Wabtec has received a consensus recommendation of "Moderate Buy" from analysts, with a mix of buy and hold ratings influencing the average twelve-month target price of $222.57.
• The company reported quarterly earnings exceeding expectations, with an EPS of $2.27, and raised its fiscal year 2025 guidance to an EPS range of $8.55 - $9.15.
• Recent insider trading activity includes CEO Rafael Santana selling 886 shares, while institutional ownership of Wabtec stands at approximately 91.69% of its stock, indicating strong institutional support.

Wabtec (NYSE:WAB - Get Free Report) has been given an average rating of "Moderate Buy" by the seven brokerages that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $222.5714.

Several brokerages recently issued reports on WAB. Susquehanna increased their target price on shares of Wabtec from $210.00 to $235.00 and gave the stock a "positive" rating in a research note on Friday, July 25th. JPMorgan Chase & Co. cut their target price on shares of Wabtec from $216.00 to $200.00 and set a "neutral" rating on the stock in a research note on Thursday, August 14th. Morgan Stanley increased their target price on shares of Wabtec from $220.00 to $226.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Wall Street Zen lowered shares of Wabtec from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Bank of America increased their target price on shares of Wabtec from $231.00 to $236.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th.

Wabtec Trading Down 0.9%

Shares of NYSE:WAB traded down $1.72 during trading on Monday, reaching $188.65. The stock had a trading volume of 1,284,580 shares, compared to its average volume of 969,419. The firm's fifty day moving average is $194.93 and its 200 day moving average is $192.73. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.05 and a current ratio of 1.76. Wabtec has a 52 week low of $151.81 and a 52 week high of $216.10. The stock has a market cap of $32.25 billion, a price-to-earnings ratio of 28.16, a P/E/G ratio of 1.51 and a beta of 1.11.

Wabtec (NYSE:WAB - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The transportation company reported $2.27 EPS for the quarter, beating analysts' consensus estimates of $2.18 by $0.09. Wabtec had a net margin of 10.92% and a return on equity of 13.65%. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same period in the prior year, the firm posted $1.96 EPS. The company'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 forecast that Wabtec will post 8.54 EPS for the current fiscal year.

Wabtec Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were paid 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 of this dividend was Thursday, August 14th. Wabtec's dividend payout ratio (DPR) is 14.93%.

Insider Buying and Selling 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 transaction, the chief executive officer directly owned 136,729 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 5,369 shares of company stock valued at $1,042,586 over the last 90 days. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Voya Investment Management LLC lifted its stake in shares of Wabtec by 5.5% in the first quarter. Voya Investment Management LLC now owns 104,860 shares of the transportation company's stock valued at $19,016,000 after buying an additional 5,423 shares in the last quarter. New York State Common Retirement Fund lifted its stake in shares of Wabtec by 16.0% in the first quarter. New York State Common Retirement Fund now owns 142,163 shares of the transportation company's stock valued at $25,781,000 after buying an additional 19,600 shares in the last quarter. Raiffeisen Bank International AG lifted its stake in shares of Wabtec by 159.0% in the first quarter. Raiffeisen Bank International AG now owns 16,561 shares of the transportation company's stock valued at $3,011,000 after buying an additional 10,168 shares in the last quarter. Putney Financial Group LLC purchased a new stake in shares of Wabtec in the fourth quarter valued at about $52,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of Wabtec by 46.0% in the first quarter. BNP Paribas Financial Markets now owns 380,793 shares of the transportation company's stock valued at $69,057,000 after purchasing an additional 120,057 shares during the last quarter. 91.69% of the stock is 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.