Sameer Gaur Sells 1,082 Shares of Wabtec (NYSE:WAB) Stock

Wabtec (NYSE:WAB) insider Sameer Gaur sold 1,082 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $263.50, for a total transaction of $285,107.00. Following 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 transaction was disclosed in a filing with the SEC, which is available at this link.

Wabtec Stock Performance

Shares of NYSE WAB traded up $4.58 during midday trading on Tuesday, hitting $273.47. 316,085 shares of the company’s stock were exchanged, compared to its average volume of 906,778. The firm has a market capitalization of $46.40 billion, a PE ratio of 38.68, a price-to-earnings-growth ratio of 1.90 and a beta of 0.94. The company has a quick ratio of 0.54, a current ratio of 1.02 and a debt-to-equity ratio of 0.42. Wabtec has a 12 month low of $184.26 and a 12 month high of $276.22. The company’s 50 day moving average price is $262.92 and its 200 day moving average price is $244.18.

Wabtec (NYSE:WAB) last released its quarterly earnings results on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.09. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $3.08 billion. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. The business’s revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.28 EPS. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. As a group, analysts predict that Wabtec will post 10.61 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Friday, May 22nd were issued 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 was Friday, May 22nd. Wabtec’s dividend payout ratio is 17.54%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Wells Fargo & Company upped their price target on shares of Wabtec from $270.00 to $284.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. JPMorgan Chase & Co. reduced their target price on shares of Wabtec from $290.00 to $280.00 and set a “neutral” rating on the stock in a report on Friday, April 10th. Citigroup boosted their target price on shares of Wabtec from $283.00 to $292.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a report on Monday, April 20th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $318.00 target price on shares of Wabtec in a report on Monday, April 27th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $289.82.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. DV Trading LLC boosted its position in shares of Wabtec by 900.0% in the first quarter. DV Trading LLC now owns 1,000 shares of the transportation company’s stock valued at $250,000 after acquiring an additional 900 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Wabtec by 4.7% during the 1st quarter. Parallel Advisors LLC now owns 2,193 shares of the transportation company’s stock worth $548,000 after acquiring an additional 98 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Wabtec by 33.8% during the 1st quarter. NewEdge Advisors LLC now owns 4,250 shares of the transportation company’s stock worth $1,062,000 after acquiring an additional 1,074 shares during the last quarter. Optiver Holding B.V. bought a new stake in shares of Wabtec during the 1st quarter worth $264,000. Finally, Integrated Investment Consultants LLC bought a new position in shares of Wabtec during the 1st quarter valued at about $200,000. 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.