Wabtec (NYSE:WAB) Insider Sameer Gaur Sells 1,000 Shares of Stock

Wabtec (NYSE:WAB) insider Sameer Gaur sold 1,000 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $300.64, for a total transaction of $300,640.00. Following the completion of the transaction, the insider directly owned 10,985 shares of the company’s stock, valued at approximately $3,302,530.40. This represents a 8.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Sameer Gaur also recently made the following trade(s):

• On Friday, June 12th, Sameer Gaur sold 1,082 shares of Wabtec stock. The shares were sold at an average price of $263.50, for a total transaction of $285,107.00.

Wabtec Price Performance

NYSE WAB opened at $305.54 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 0.59. The stock’s fifty day moving average price is $267.62 and its 200 day moving average price is $256.62. Wabtec has a 1 year low of $184.26 and a 1 year high of $306.10. The company has a market cap of $51.61 billion, a price-to-earnings ratio of 41.07, a PEG ratio of 2.04 and a beta of 0.94.

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

Wabtec Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Tuesday, August 18th. Wabtec’s dividend payout ratio (DPR) is presently 16.67%.

Hedge Funds Weigh In On Wabtec

Several large investors have recently made changes to their positions in WAB. Norges Bank acquired a new stake in Wabtec during the fourth quarter valued at $409,039,000. Price T Rowe Associates Inc. MD raised its position in shares of Wabtec by 20.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company’s stock worth $1,700,238,000 after acquiring an additional 1,344,744 shares during the period. Bank of Montreal Can boosted its stake in shares of Wabtec by 360.0% during the 4th quarter. Bank of Montreal Can now owns 885,197 shares of the transportation company’s stock worth $188,945,000 after acquiring an additional 692,773 shares in the last quarter. UBS Group AG boosted its stake in shares of Wabtec by 194.2% during the 3rd quarter. UBS Group AG now owns 1,033,304 shares of the transportation company’s stock worth $207,146,000 after acquiring an additional 682,048 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of Wabtec by 288.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 851,733 shares of the transportation company’s stock valued at $212,857,000 after acquiring an additional 632,218 shares during the period. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on WAB. JPMorgan Chase & Co. upped their target price on Wabtec from $300.00 to $315.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. KeyCorp lifted their price objective on shares of Wabtec from $308.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Stephens upped their price objective on shares of Wabtec from $320.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Wells Fargo & Company upped their price objective on shares of Wabtec from $284.00 to $315.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a report on Friday, July 17th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Wabtec currently has an average rating of “Moderate Buy” and a consensus price target of $310.64.

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.