Insider Selling: Wabtec (NYSE:WAB) Insider Sells 3,000 Shares of Stock

Wabtec (NYSE:WAB) insider Pascal Schweitzer sold 3,000 shares of the business’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $208.07, for a total value of $624,210.00. Following the sale, the insider owned 4,955 shares in the company, valued at approximately $1,030,986.85. The trade was a 37.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Wabtec Stock Up 0.9%

Wabtec stock traded up $1.79 during mid-day trading on Wednesday, hitting $209.73. The company’s stock had a trading volume of 642,679 shares, compared to its average volume of 1,059,220. Wabtec has a 52-week low of $151.81 and a 52-week high of $216.10. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.42 and a quick ratio of 0.75. The company has a market cap of $35.85 billion, a PE ratio of 30.48, a price-to-earnings-growth ratio of 1.55 and a beta of 1.09. The firm’s 50 day moving average is $196.66 and its 200 day moving average is $198.79.

Wabtec (NYSE:WAB) last released its quarterly earnings data on Wednesday, October 22nd. The transportation company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.04. Wabtec had a return on equity of 13.84% and a net margin of 10.94%.The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.88 billion. During the same quarter in the prior year, the company posted $2.00 earnings per share. The firm’s revenue was up 8.4% on a year-over-year basis. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. On average, analysts anticipate that Wabtec will post 8.54 earnings per share for the current year.

Wabtec Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be given a $0.25 dividend. The ex-dividend date is Wednesday, November 12th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. Wabtec’s payout ratio is 14.53%.

Institutional Trading of Wabtec

Several large investors have recently made changes to their positions in WAB. CI Investments Inc. boosted its position in Wabtec by 6.1% in the third quarter. CI Investments Inc. now owns 865 shares of the transportation company’s stock valued at $173,000 after buying an additional 50 shares in the last quarter. Mathes Company Inc. increased its position in Wabtec by 0.4% in the 3rd quarter. Mathes Company Inc. now owns 21,315 shares of the transportation company’s stock valued at $4,273,000 after buying an additional 95 shares in the last quarter. Focus Partners Advisor Solutions LLC raised its holdings in Wabtec by 25.4% during the third quarter. Focus Partners Advisor Solutions LLC now owns 5,206 shares of the transportation company’s stock worth $1,077,000 after buying an additional 1,054 shares during the last quarter. 111 Capital purchased a new stake in shares of Wabtec in the third quarter worth approximately $949,000. Finally, Elo Mutual Pension Insurance Co grew its stake in shares of Wabtec by 37.4% in the 3rd quarter. Elo Mutual Pension Insurance Co now owns 15,995 shares of the transportation company’s stock worth $3,207,000 after acquiring an additional 4,351 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 recently weighed in on the stock. Susquehanna boosted their price target on shares of Wabtec from $235.00 to $240.00 and gave the stock a “positive” rating in a research note on Thursday, October 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a research report on Wednesday, October 8th. Citigroup initiated coverage on shares of Wabtec in a research note on Monday, September 22nd. They set a “buy” rating and a $225.00 price objective for the company. JPMorgan Chase & Co. increased their price target on Wabtec from $200.00 to $215.00 and gave the company a “neutral” rating in a research report on Tuesday, October 14th. Finally, Morgan Stanley raised their price target on Wabtec from $220.00 to $226.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $225.38.

Wabtec Company Profile

Westinghouse Air Brake Technologies Corporation, together with its subsidiaries, provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It offers diesel-electric, battery, and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products.