Insider Selling: Wabtec (NYSE:WAB) EVP Sells $285,600.00 in Stock

Wabtec (NYSE:WAB) EVP Gregory Sbrocco sold 952 shares of Wabtec stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $300.00, for a total transaction of $285,600.00. Following the transaction, the executive vice president directly owned 21,043 shares in the company, valued at $6,312,900. This trade represents a 4.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wabtec Stock Up 0.1%

Shares of NYSE:WAB opened at $292.62 on Friday. The stock has a market capitalization of $49.43 billion, a P/E ratio of 39.33, a price-to-earnings-growth ratio of 1.98 and a beta of 0.93. The stock’s 50-day moving average price is $279.54 and its 200-day moving average price is $264.56. The company has a current ratio of 1.12, a quick ratio of 0.59 and a debt-to-equity ratio of 0.44. Wabtec has a 12-month low of $184.26 and a 12-month high of $306.64.

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 the consensus estimate of $2.60 by $0.16. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The firm had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter last year, the business earned $2.27 earnings per share. The business’s revenue was up 17.5% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. On average, equities analysts anticipate that Wabtec will post 10.86 earnings per share for the current year.

Wabtec Dividend Announcement

The business 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 $0.31 dividend. 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 presently 16.67%.

Analyst Upgrades and Downgrades

WAB has been the subject of a number of research reports. Wells Fargo & Company increased their price objective on Wabtec from $284.00 to $315.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Stephens lifted their price target on shares of Wabtec from $320.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Susquehanna boosted their price objective on shares of Wabtec from $305.00 to $340.00 and gave the stock a “positive” rating in a research note on Thursday, July 23rd. Citigroup raised their target price on shares of Wabtec from $311.00 to $341.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Finally, Wall Street Zen cut Wabtec from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $313.36.

Institutional Trading of Wabtec

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Whipplewood Advisors LLC bought a new position in shares of Wabtec in the first quarter worth about $25,000. Meeder Asset Management Inc. bought a new stake in Wabtec during the 2nd quarter valued at approximately $26,000. Clal Insurance Enterprises Holdings Ltd raised its stake in Wabtec by 125.9% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 73 shares during the period. Manchester Capital Management LLC lifted its holdings in Wabtec by 122.0% in the 4th quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock worth $28,000 after purchasing an additional 72 shares in the last quarter. Finally, Bell Investment Advisors Inc bought a new position in Wabtec in the 2nd quarter worth approximately $29,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

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.