Weiss Ratings Reaffirms "Buy (B)" Rating for Wabtec (NYSE:WAB)

Key Points

• Weiss Ratings has reaffirmed a "Buy (B)" rating for Wabtec (NYSE:WAB), indicating confidence in the company's stock performance.
• Wabtec's stock recently traded up 0.7%, reaching $199.28, with an average price target of $222.88 and a market cap of $34.07 billion.
• Analysts have varied opinions on Wabtec’s stock, with seven giving a Buy rating, while institutional investors hold 91.69% of the company's shares.

Wabtec (NYSE:WAB - Get Free Report)'s stock had its "buy (b)" rating reissued by analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

WAB has been the subject of several other research reports. Bank of America lifted their price objective on Wabtec from $231.00 to $236.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Wall Street Zen lowered Wabtec from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Morgan Stanley raised their target price on Wabtec from $220.00 to $226.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. JPMorgan Chase & Co. cut their price target on Wabtec from $216.00 to $200.00 and set a "neutral" rating on the stock in a research report on Thursday, August 14th. Finally, Susquehanna lifted their price target on Wabtec from $210.00 to $235.00 and gave the stock a "positive" rating in a research report on Friday, July 25th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $222.88.

Wabtec Stock Up 0.7%

Wabtec stock traded up $1.48 during trading hours on Wednesday, reaching $199.28. The stock had a trading volume of 235,159 shares, compared to its average volume of 1,075,512. The company has a market cap of $34.07 billion, a price-to-earnings ratio of 29.78, a PEG ratio of 1.56 and a beta of 1.10. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.76 and a quick ratio of 1.05. The business's 50 day moving average price is $192.65 and its 200-day moving average price is $194.28. Wabtec has a 52 week low of $151.81 and a 52 week high of $216.10.

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

Insider Buying and Selling

In other Wabtec news, CEO Rafael Santana sold 1,798 shares of the company's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $189.63, for a total transaction 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 legal filing with the SEC, which is available through this hyperlink. Insiders sold 4,483 shares of company stock worth $853,558 in the last ninety days. Corporate insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Wedmont Private Capital lifted its holdings in shares of Wabtec by 2.6% in the 3rd quarter. Wedmont Private Capital now owns 2,246 shares of the transportation company's stock worth $444,000 after purchasing an additional 56 shares during the last quarter. Czech National Bank raised its stake in Wabtec by 3.8% during the 3rd quarter. Czech National Bank now owns 43,419 shares of the transportation company's stock valued at $8,704,000 after acquiring an additional 1,590 shares in the last quarter. GAMMA Investing LLC raised its stake in Wabtec by 3.3% during the 3rd quarter. GAMMA Investing LLC now owns 4,249 shares of the transportation company's stock valued at $852,000 after acquiring an additional 136 shares in the last quarter. Valeo Financial Advisors LLC raised its stake in Wabtec by 10.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,791 shares of the transportation company's stock valued at $375,000 after acquiring an additional 165 shares in the last quarter. Finally, Osaic Holdings Inc. raised its stake in Wabtec by 86.7% during the 2nd quarter. Osaic Holdings Inc. now owns 14,449 shares of the transportation company's stock valued at $2,823,000 after acquiring an additional 6,709 shares in the last quarter. Institutional investors own 91.69% of the company's stock.

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.

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