Brokerages Set Wabtec (NYSE:WAB) Price Target at $269.00

Wabtec (NYSE:WAB) has received a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $269.00.

Several equities analysts recently weighed in on WAB shares. Citigroup lifted their target price on Wabtec from $258.00 to $283.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Wells Fargo & Company upped their price target on Wabtec from $224.00 to $270.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a research note on Wednesday, January 21st. Wall Street Zen cut Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Wolfe Research raised shares of Wabtec from a “peer perform” rating to an “outperform” rating and set a $245.00 target price for the company in a report on Thursday, January 8th.

Insider Transactions at Wabtec

In other Wabtec news, insider Nalin Jain sold 7,936 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $264.09, for a total value of $2,095,818.24. Following the completion of the sale, the insider owned 6,364 shares in the company, valued at approximately $1,680,668.76. This represents a 55.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Sameer Gaur sold 1,150 shares of the firm’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $262.62, for a total value of $302,013.00. Following the sale, the insider directly owned 12,017 shares in the company, valued at approximately $3,155,904.54. This represents a 8.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 33,310 shares of company stock valued at $8,541,509. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Wabtec

Hedge funds have recently made changes to their positions in the business. Vestmark Advisory Solutions Inc. bought a new stake in Wabtec during the 2nd quarter valued at approximately $2,235,000. Penserra Capital Management LLC boosted its stake in Wabtec by 9.9% in the 2nd quarter. Penserra Capital Management LLC now owns 933 shares of the transportation company’s stock worth $195,000 after purchasing an additional 84 shares during the period. Los Angeles Capital Management LLC grew its holdings in Wabtec by 24.5% during the 2nd quarter. Los Angeles Capital Management LLC now owns 7,504 shares of the transportation company’s stock valued at $1,571,000 after buying an additional 1,478 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of Wabtec by 7.3% during the second quarter. Parkside Financial Bank & Trust now owns 797 shares of the transportation company’s stock valued at $167,000 after buying an additional 54 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Wabtec by 8.1% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 331,084 shares of the transportation company’s stock valued at $69,312,000 after buying an additional 24,857 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Wabtec Stock Performance

Shares of NYSE WAB opened at $236.60 on Monday. Wabtec has a 12-month low of $151.81 and a 12-month high of $266.27. The firm has a market capitalization of $40.34 billion, a price-to-earnings ratio of 34.64, a price-to-earnings-growth ratio of 1.81 and a beta of 0.99. The company has a current ratio of 1.11, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38. The firm has a 50 day moving average of $242.37 and a 200 day moving average of $216.20.

Wabtec (NYSE:WAB) last issued its quarterly earnings results on Wednesday, February 11th. The transportation company reported $2.10 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.02. Wabtec had a net margin of 10.48% and a return on equity of 14.12%. The business had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.86 billion. During the same quarter last year, the company posted $1.68 EPS. The company’s revenue was up 14.8% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. On average, research analysts anticipate that Wabtec will post 8.54 earnings per share for the current year.

Wabtec Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were given a $0.31 dividend. The ex-dividend date was Tuesday, February 17th. This is an increase from Wabtec’s previous quarterly dividend of $0.25. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.5%. Wabtec’s dividend payout ratio (DPR) is currently 18.16%.

Wabtec declared that its board has authorized a share buyback program on Wednesday, February 11th that permits the company to repurchase $1.20 billion in shares. This repurchase authorization permits the transportation company to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Wabtec Company Profile

Wabtec Corporation (Westinghouse Air Brake Technologies Corporation) is a global provider of equipment, systems and services for the rail industry. The company supplies products and solutions to freight railroads, transit agencies and other industrial operators, focusing on technologies that improve the performance, safety and efficiency of locomotives and rail networks. Wabtec’s business spans new equipment manufacturing, aftermarket parts and services, and digital and control systems for rail operations.

Product and service offerings include locomotive systems and components, braking and air systems, propulsion and traction equipment, signaling and control technologies, and a range of aftermarket services such as maintenance, remanufacturing, parts distribution and fleet modernization.