Gregory Sbrocco Sells 2,953 Shares of Wabtec (NYSE:WAB) Stock

Wabtec (NYSE:WAB) EVP Gregory Sbrocco sold 2,953 shares of the company’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $195.43, for a total transaction of $577,104.79. Following the transaction, the executive vice president directly owned 17,829 shares of the company’s stock, valued at approximately $3,484,321.47. This trade represents a 14.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Wabtec Stock Performance

Shares of NYSE:WAB opened at $197.81 on Friday. Wabtec has a 12 month low of $151.81 and a 12 month high of $216.10. The company has a market cap of $33.82 billion, a price-to-earnings ratio of 28.75, a price-to-earnings-growth ratio of 1.52 and a beta of 1.10. The company has a 50-day moving average price of $194.06 and a 200-day moving average price of $195.96. The company has a current ratio of 1.42, a quick ratio of 1.05 and a debt-to-equity ratio of 0.45.

Wabtec (NYSE:WAB) last released its quarterly earnings results on Wednesday, October 22nd. The transportation company reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.28 by $0.04. Wabtec had a net margin of 10.94% and a return on equity of 13.84%. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.88 billion. During the same period in the prior year, the firm earned $2.00 earnings per share. Wabtec’s revenue was up 8.4% on a year-over-year basis. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. As a group, equities analysts anticipate that Wabtec will post 8.54 EPS for the current year.

Wabtec Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, November 12th. Wabtec’s dividend payout ratio is presently 14.53%.

Institutional Investors Weigh In On Wabtec

Institutional investors have recently made changes to their positions in the company. PFS Partners LLC grew its holdings in shares of Wabtec by 70.4% during the second quarter. PFS Partners LLC now owns 121 shares of the transportation company’s stock valued at $25,000 after buying an additional 50 shares during the last quarter. Colonial Trust Advisors grew its holdings in shares of Wabtec by 454.5% during the second quarter. Colonial Trust Advisors now owns 122 shares of the transportation company’s stock valued at $26,000 after buying an additional 100 shares during the last quarter. Motco grew its holdings in shares of Wabtec by 6,600.0% during the third quarter. Motco now owns 134 shares of the transportation company’s stock valued at $27,000 after buying an additional 132 shares during the last quarter. Salomon & Ludwin LLC grew its holdings in shares of Wabtec by 370.6% during the third quarter. Salomon & Ludwin LLC now owns 160 shares of the transportation company’s stock valued at $32,000 after buying an additional 126 shares during the last quarter. Finally, Trust Co. of Vermont grew its holdings in shares of Wabtec by 44.2% during the second quarter. Trust Co. of Vermont now owns 163 shares of the transportation company’s stock valued at $34,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on WAB shares. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a research note on Friday. Morgan Stanley increased their price target 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 downgraded shares of Wabtec from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Susquehanna raised their target price on shares of Wabtec from $235.00 to $240.00 and gave the company a “positive” rating in a research note on Thursday. Finally, Bank of America raised their target price on shares of Wabtec from $231.00 to $236.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Seven 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 has an average rating of “Moderate Buy” and a consensus target price of $225.38.

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.