Wabtec (NYSE:WAB) Sets New 12-Month High – Still a Buy?

Wabtec (NYSE:WAB)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $303.41 and last traded at $300.7420, with a volume of 1095275 shares. The stock had previously closed at $302.50.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Morgan Stanley boosted their target price on Wabtec from $318.00 to $355.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. JPMorgan Chase & Co. raised their target price on shares of Wabtec from $300.00 to $315.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a research note on Friday, July 17th. Wells Fargo & Company increased their price target on Wabtec from $284.00 to $315.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. Finally, Citigroup dropped their price target on Wabtec from $313.00 to $311.00 and set a “buy” rating on the stock in a research note on Monday, July 13th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $310.64.

Wabtec Trading Down 4.5%

The company has a quick ratio of 0.59, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $49.33 billion, a PE ratio of 39.25, a PEG ratio of 2.07 and a beta of 0.94. The stock’s fifty day simple moving average is $268.27 and its 200 day simple moving average is $257.11.

Wabtec (NYSE:WAB) last issued its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.60 by $0.16. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The business had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter last year, the company posted $2.27 EPS. The company’s revenue was up 17.5% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. On average, sell-side analysts predict that Wabtec will post 10.86 earnings per share for the current year.

Wabtec Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, August 18th. Wabtec’s payout ratio is currently 16.67%.

Insider Buying and Selling

In other Wabtec news, insider Sameer Gaur sold 1,000 shares of Wabtec stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $300.64, for a total transaction of $300,640.00. Following the transaction, the insider owned 10,985 shares of the company’s stock, valued at $3,302,530.40. The trade was a 8.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David L. Deninno sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $301.31, for a total transaction of $903,930.00. Following the completion of the transaction, the vice president owned 55,128 shares of the company’s stock, valued at approximately $16,610,617.68. The trade was a 5.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 16,834 shares of company stock worth $4,833,958. Company insiders own 0.57% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Whipplewood Advisors LLC purchased a new stake in Wabtec in the 1st quarter worth $25,000. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Wabtec by 125.9% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 73 shares in the last quarter. Manchester Capital Management LLC lifted its position in shares of Wabtec by 122.0% in the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 72 shares in the last quarter. McMillan Office Inc. bought a new position in shares of Wabtec in the fourth quarter worth about $31,000. Finally, Reflection Asset Management bought a new position in shares of Wabtec in the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

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.