Wabtec (NYSE:WAB) Releases Earnings Results

Wabtec (NYSE:WAB) posted its quarterly earnings results on Wednesday. The transportation company reported $2.76 EPS for the quarter, topping the consensus estimate of $2.60 by $0.16, FiscalAI reports. The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.07 billion. Wabtec had a return on equity of 14.52% and a net margin of 10.52%. Wabtec updated its FY 2026 guidance to 10.600-10.900 EPS.

Wabtec Stock Up 1.8%

Shares of NYSE:WAB opened at $262.43 on Wednesday. The company has a market capitalization of $44.53 billion, a price-to-earnings ratio of 37.12, a PEG ratio of 1.84 and a beta of 0.94. Wabtec has a 12-month low of $184.26 and a 12-month high of $284.91. The business has a 50-day moving average price of $263.96 and a 200 day moving average price of $253.72. The company has a current ratio of 1.02, a quick ratio of 0.54 and a debt-to-equity ratio of 0.42.

Wabtec Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, August 18th. Wabtec’s dividend payout ratio (DPR) is presently 17.54%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WAB. Morgan Stanley reissued an “overweight” rating and issued a $318.00 price objective on shares of Wabtec in a report on Monday, April 27th. Wolfe Research reaffirmed an “outperform” rating and set a $303.00 target price on shares of Wabtec in a research note on Thursday, April 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a report on Friday. Susquehanna reissued a “positive” rating and issued a $305.00 price target on shares of Wabtec in a research note on Thursday, April 23rd. Finally, Rothschild & Co Redburn upgraded shares of Wabtec from a “neutral” rating to a “buy” rating and raised their price target for the stock from $262.00 to $285.00 in a report on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Wabtec currently has a consensus rating of “Moderate Buy” and a consensus target price of $293.36.

Insider Transactions at Wabtec

In other Wabtec news, insider Sameer Gaur sold 1,082 shares of Wabtec stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $263.50, for a total transaction of $285,107.00. Following the completion of the sale, the insider directly owned 11,985 shares in the company, valued at $3,158,047.50. This trade represents a 8.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rafael Santana sold 1,163 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $261.06, for a total transaction of $303,612.78. Following the completion of the sale, the chief executive officer directly owned 124,077 shares in the company, valued at $32,391,541.62. This trade represents a 0.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,734 shares of company stock worth $1,504,571 in the last ninety days. 0.57% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Wabtec

A number of hedge funds have recently made changes to their positions in WAB. Corient Private Wealth LLC increased its holdings in Wabtec by 602.4% in the 4th quarter. Corient Private Wealth LLC now owns 78,644 shares of the transportation company’s stock valued at $16,787,000 after purchasing an additional 67,448 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in Wabtec in the fourth quarter valued at approximately $777,000. NewEdge Advisors LLC lifted its stake in Wabtec by 11.9% during the fourth quarter. NewEdge Advisors LLC now owns 3,176 shares of the transportation company’s stock worth $678,000 after purchasing an additional 339 shares in the last quarter. KKM Financial LLC acquired a new position in Wabtec during the fourth quarter worth $232,000. Finally, Zacks Investment Management boosted its position in shares of Wabtec by 1.6% during the fourth quarter. Zacks Investment Management now owns 21,120 shares of the transportation company’s stock worth $4,508,000 after buying an additional 339 shares during the period. Hedge funds and other institutional investors own 91.69% of the company’s stock.

About Wabtec

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.