Michael Fetsko Sells 5,058 Shares of Wabtec (NYSE:WAB) Stock

Wabtec (NYSE:WAB) insider Michael Fetsko sold 5,058 shares of Wabtec stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $215.72, for a total transaction of $1,091,111.76. Following the completion of the sale, the insider directly owned 36,882 shares in the company, valued at approximately $7,956,185.04. The trade was a 12.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Wabtec Stock Performance

NYSE WAB traded down $1.00 during trading hours on Monday, hitting $213.42. 429,594 shares of the stock were exchanged, compared to its average volume of 1,034,389. The company has a quick ratio of 0.75, a current ratio of 1.42 and a debt-to-equity ratio of 0.45. The company has a market cap of $36.49 billion, a price-to-earnings ratio of 31.02, a price-to-earnings-growth ratio of 1.65 and a beta of 0.99. Wabtec has a 12-month low of $151.81 and a 12-month high of $220.89. The stock has a 50-day moving average of $203.22 and a 200 day moving average of $200.54.

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

Wabtec Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were given a $0.25 dividend. The ex-dividend date was Wednesday, November 12th. This represents a $1.00 annualized dividend and a yield of 0.5%. Wabtec’s dividend payout ratio is presently 14.53%.

Wall Street Analysts Forecast Growth

WAB has been the topic of several research analyst reports. Citigroup boosted their target price on shares of Wabtec from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a research report on Wednesday, October 8th. Bank of America lifted their price target on shares of Wabtec from $228.00 to $233.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Wells Fargo & Company started coverage on Wabtec in a research note on Thursday, November 13th. They issued an “equal weight” rating and a $221.00 price objective for the company. Finally, JPMorgan Chase & Co. raised 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. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $226.78.

Hedge Funds Weigh In On Wabtec

A number of institutional investors have recently modified their holdings of WAB. Hudson Bay Capital Management LP boosted its position in Wabtec by 338.1% during the third quarter. Hudson Bay Capital Management LP now owns 92,905 shares of the transportation company’s stock worth $18,625,000 after acquiring an additional 71,698 shares during the last quarter. Allworth Financial LP raised its holdings in Wabtec by 35.6% in the 3rd quarter. Allworth Financial LP now owns 2,308 shares of the transportation company’s stock valued at $463,000 after acquiring an additional 606 shares during the last quarter. Groupama Asset Managment lifted its stake in shares of Wabtec by 73.2% during the 3rd quarter. Groupama Asset Managment now owns 14,323 shares of the transportation company’s stock worth $2,871,000 after purchasing an additional 6,055 shares during the period. Investment Research Partners LLC acquired a new stake in shares of Wabtec during the third quarter worth $217,000. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of Wabtec in the third quarter valued at $4,730,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

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.