Insider Selling: Wabtec (NYSE:WAB) Insider Sells $300,640.00 in Stock

Wabtec (NYSE:WAB) insider Sameer Gaur sold 1,000 shares of the stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $300.64, for a total value of $300,640.00. Following the completion of the transaction, the insider directly owned 10,985 shares in the company, valued at approximately $3,302,530.40. This trade represents a 8.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

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

Wabtec Price Performance

Shares of WAB stock opened at $292.52 on Friday. Wabtec has a twelve month low of $184.26 and a twelve month high of $306.64. The stock has a market capitalization of $49.41 billion, a price-to-earnings ratio of 39.32, a P/E/G ratio of 1.98 and a beta of 0.94. The stock has a fifty day simple moving average of $269.02 and a two-hundred day simple moving average of $257.59. 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 (NYSE:WAB) last posted its quarterly 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. The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.07 billion. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.The business’s revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. On average, analysts predict that Wabtec will post 10.86 EPS for the current fiscal year.

Wabtec Announces Dividend

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

Wall Street Analysts Forecast Growth

WAB has been the subject of several recent research reports. Wolfe Research restated an “outperform” rating and issued a $303.00 price target on shares of Wabtec in a report on Thursday, April 23rd. Citigroup dropped their price objective on shares of Wabtec from $313.00 to $311.00 and set a “buy” rating on the stock in a research note on Monday, July 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a report on Friday, July 17th. Stephens boosted 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. Finally, Wells Fargo & Company upped their target price on Wabtec from $284.00 to $315.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $310.64.

Institutional Trading of Wabtec

Several hedge funds have recently modified their holdings of the company. Whipplewood Advisors LLC bought a new stake in shares of Wabtec in the 1st quarter valued at about $25,000. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Wabtec by 125.9% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock worth $28,000 after buying an additional 73 shares during the last quarter. Manchester Capital Management LLC raised its stake in shares of Wabtec by 122.0% during the 4th quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock worth $28,000 after acquiring an additional 72 shares in the last quarter. McMillan Office Inc. purchased a new stake in Wabtec during the fourth quarter valued at approximately $31,000. Finally, Reflection Asset Management purchased a new stake in Wabtec during the fourth quarter valued at approximately $35,000. 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.