Wabtec (NYSE:WAB) EVP Gregory Sbrocco Sells 2,424 Shares

Wabtec (NYSE:WAB) EVP Gregory Sbrocco sold 2,424 shares of Wabtec stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $203.77, for a total value of $493,938.48. Following the completion of the sale, the executive vice president directly owned 15,405 shares in the company, valued at $3,139,076.85. This represents a 13.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Gregory Sbrocco also recently made the following trade(s):

• On Thursday, October 23rd, Gregory Sbrocco sold 2,953 shares of Wabtec stock. The shares were sold at an average price of $195.43, for a total value of $577,104.79.

Wabtec Stock Up 0.3%

Shares of WAB traded up $0.52 during midday trading on Monday, hitting $204.96. The stock had a trading volume of 1,246,902 shares, compared to its average volume of 1,063,755. The company has a 50 day simple moving average of $194.97 and a two-hundred day simple moving average of $197.30. Wabtec has a twelve month low of $151.81 and a twelve month high of $216.10. The firm has a market cap of $35.04 billion, a price-to-earnings ratio of 29.79, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.42 and a quick ratio of 0.75.

Wabtec (NYSE:WAB) last announced its earnings results on Wednesday, October 22nd. The transportation company reported $2.32 EPS for the quarter, topping the consensus estimate of $2.28 by $0.04. Wabtec had a net margin of 10.94% and a return on equity of 13.84%. The business had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.88 billion. During the same quarter in the prior year, the company posted $2.00 earnings per share. The firm’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. On average, 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. Shareholders of record on Wednesday, November 12th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. Wabtec’s payout ratio is 14.53%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Citigroup started coverage on Wabtec in a report on Monday, September 22nd. They issued a “buy” rating and a $225.00 price objective for the company. Wall Street Zen lowered shares of Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Morgan Stanley upped their price target on shares of Wabtec from $220.00 to $226.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their price target on shares of Wabtec from $200.00 to $215.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $225.38.

Institutional Trading of Wabtec

A number of institutional investors have recently bought and sold shares of the business. ST Germain D J Co. Inc. lifted its stake in Wabtec by 30.2% in the 2nd quarter. ST Germain D J Co. Inc. now owns 207 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 48 shares during the last quarter. PFS Partners LLC increased 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 worth $25,000 after buying an additional 50 shares in the last quarter. Trust Co. of Vermont increased 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 worth $34,000 after buying an additional 50 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings 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 worth $167,000 after buying an additional 54 shares in the last quarter. Finally, CVA Family Office LLC increased its holdings in shares of Wabtec by 7.9% during the second quarter. CVA Family Office LLC now owns 748 shares of the transportation company’s stock worth $157,000 after buying an additional 55 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.