Rogerio Mendonca Sells 2,019 Shares of Wabtec (NYSE:WAB) Stock

Wabtec (NYSE:WAB) insider Rogerio Mendonca sold 2,019 shares of the firm’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $214.51, for a total value of $433,095.69. Following the sale, the insider directly owned 9,516 shares in the company, valued at approximately $2,041,277.16. This trade represents a 17.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Wabtec Price Performance

WAB traded down $0.34 on Friday, reaching $213.70. The stock had a trading volume of 133,055 shares, compared to its average volume of 1,043,071. The company has a current ratio of 1.42, a quick ratio of 0.75 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $36.53 billion, a price-to-earnings ratio of 31.06, a price-to-earnings-growth ratio of 1.65 and a beta of 0.99. Wabtec has a fifty-two week low of $151.81 and a fifty-two week high of $216.10. The firm has a 50-day moving average of $201.37 and a 200-day moving average of $200.05.

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

Wabtec Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on WAB shares. Citigroup raised their price target on shares of Wabtec from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a research report on Wednesday, October 8th. Susquehanna upped their price target on Wabtec from $235.00 to $240.00 and gave the company a “positive” rating in a research report on Thursday, October 23rd. Wall Street Zen cut Wabtec from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Wells Fargo & Company assumed coverage on Wabtec in a research note on Thursday, November 13th. They issued an “equal weight” rating and a $221.00 price objective on the stock. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $226.78.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in WAB. Allworth Financial LP lifted its stake in shares of 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 purchasing an additional 606 shares during the period. Groupama Asset Managment increased its holdings in Wabtec by 73.2% in the third 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 in the last quarter. Investment Research Partners LLC bought a new stake in Wabtec in the third quarter worth approximately $217,000. CIBC Bancorp USA Inc. acquired a new position in Wabtec in the third quarter valued at approximately $4,730,000. Finally, First Affirmative Financial Network lifted its stake in Wabtec by 10.3% in the third quarter. First Affirmative Financial Network now owns 3,435 shares of the transportation company’s stock valued at $689,000 after buying an additional 322 shares during the period. 91.69% of the stock is owned by institutional investors.

About Wabtec

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.