Wabtec (NYSE:WAB) CTO Eric Gebhardt Sells 7,100 Shares of Stock

Wabtec (NYSE:WAB) CTO Eric Gebhardt sold 7,100 shares of the business’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $299.27, for a total transaction of $2,124,817.00. Following the transaction, the chief technology officer owned 19,153 shares in the company, valued at $5,731,918.31. The trade was a 27.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Wabtec Trading Up 1.5%

NYSE:WAB opened at $305.54 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 0.59 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $51.61 billion, a price-to-earnings ratio of 41.07, a PEG ratio of 2.04 and a beta of 0.94. The firm has a fifty day simple moving average of $267.62 and a two-hundred day simple moving average of $256.62. Wabtec has a 12 month low of $184.26 and a 12 month high of $306.10.

Wabtec (NYSE:WAB) last announced its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.60 by $0.16. The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.07 billion. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The business’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.27 earnings per share. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Analysts expect that Wabtec will post 10.86 EPS for the current fiscal year.

Wabtec Dividend Announcement

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

Hedge Funds Weigh In On Wabtec

A number of hedge funds have recently added to or reduced their stakes in WAB. Axxcess Wealth Management LLC purchased a new stake in shares of Wabtec in the second quarter worth approximately $1,594,000. Atria Investments Inc lifted its holdings in shares of Wabtec by 33.3% in the second quarter. Atria Investments Inc now owns 6,939 shares of the transportation company’s stock valued at $1,871,000 after purchasing an additional 1,734 shares in the last quarter. Erste Asset Management GmbH boosted its position in shares of Wabtec by 24.3% during the second quarter. Erste Asset Management GmbH now owns 298,115 shares of the transportation company’s stock valued at $80,088,000 after buying an additional 58,202 shares during the last quarter. Turtle Creek Wealth Advisors LLC boosted its position in shares of Wabtec by 39.8% during the second quarter. Turtle Creek Wealth Advisors LLC now owns 1,684 shares of the transportation company’s stock valued at $454,000 after buying an additional 479 shares during the last quarter. Finally, Ascentis Wealth Management LLC grew its holdings in Wabtec by 325.5% during the second quarter. Ascentis Wealth Management LLC now owns 702 shares of the transportation company’s stock worth $189,000 after buying an additional 537 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Stephens raised their price objective on Wabtec from $320.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Jefferies Financial Group reaffirmed a “buy” rating and set a $290.00 target price (down from $300.00) on shares of Wabtec in a research report on Tuesday, March 31st. Citigroup cut their target price on Wabtec from $313.00 to $311.00 and set a “buy” rating on the stock in a report on Monday, July 13th. Susquehanna lifted their price target on shares of Wabtec from $305.00 to $340.00 and gave the company a “positive” rating in a research report on Thursday, July 23rd. Finally, Morgan Stanley boosted their price target on shares of Wabtec from $318.00 to $355.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Wabtec has an average rating of “Moderate Buy” and an average target price of $310.64.

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.