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

Wabtec (NYSE:WAB) EVP Gregory Sbrocco sold 952 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $300.00, for a total value of $285,600.00. Following the completion of the sale, the executive vice president owned 21,043 shares in the company, valued at $6,312,900. The trade was a 4.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wabtec Stock Performance

Shares of WAB traded down $6.22 during midday trading on Tuesday, hitting $294.43. 497,776 shares of the stock traded hands, compared to its average volume of 932,119. The business’s 50 day moving average price is $277.63 and its two-hundred day moving average price is $263.23. The firm has a market capitalization of $49.73 billion, a PE ratio of 39.60, a price-to-earnings-growth ratio of 2.03 and a beta of 0.93. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.59 and a current ratio of 1.12. Wabtec has a 1-year low of $184.26 and a 1-year high of $306.64.

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

Wabtec Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on WAB shares. Morgan Stanley increased their price objective on Wabtec from $318.00 to $355.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Wall Street Zen cut shares of Wabtec from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Susquehanna upped their price target on shares of Wabtec from $305.00 to $340.00 and gave the company a “positive” rating in a report on Thursday, July 23rd. Citigroup raised their price objective on shares of Wabtec from $311.00 to $341.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Finally, Stephens lifted their price objective on shares of Wabtec from $320.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $313.36.

Hedge Funds Weigh In On Wabtec

A number of hedge funds have recently modified their holdings of the stock. Whipplewood Advisors LLC acquired a new position in shares of Wabtec in the 1st quarter valued at $25,000. Meeder Asset Management Inc. acquired a new stake in Wabtec during the 2nd quarter worth about $26,000. Clal Insurance Enterprises Holdings Ltd lifted its stake in Wabtec by 125.9% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock valued at $28,000 after buying an additional 73 shares in the last quarter. Manchester Capital Management LLC lifted its stake in Wabtec by 122.0% during the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock valued at $28,000 after buying an additional 72 shares in the last quarter. Finally, Bell Investment Advisors Inc acquired a new position in shares of Wabtec in the second quarter worth about $29,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

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.