Wabtec (NYSE:WAB) Insider Sameer Gaur Sells 1,082 Shares of Stock

Wabtec (NYSE:WAB) insider Sameer Gaur sold 1,082 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $263.50, for a total transaction of $285,107.00. Following the transaction, the insider owned 11,985 shares in the company, valued at $3,158,047.50. The trade was a 8.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Wabtec Price Performance

Shares of WAB stock opened at $272.26 on Wednesday. Wabtec has a 1 year low of $184.26 and a 1 year high of $276.22. The firm’s 50 day moving average is $263.29 and its 200-day moving average is $244.63. The firm has a market capitalization of $46.20 billion, a price-to-earnings ratio of 38.51, a PEG ratio of 1.92 and a beta of 0.94. The company has a current ratio of 1.02, a quick ratio of 0.54 and a debt-to-equity ratio of 0.42.

Wabtec (NYSE:WAB) last announced its earnings results on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.62 by $0.09. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period in the prior year, the business earned $2.28 earnings per share. Wabtec’s quarterly revenue was up 13.0% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. Sell-side analysts forecast that Wabtec will post 10.61 EPS for the current fiscal year.

Wabtec Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Friday, May 22nd were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, May 22nd. Wabtec’s dividend payout ratio is presently 17.54%.

Analyst Upgrades and Downgrades

WAB has been the topic of several analyst reports. Rothschild & Co Redburn upgraded shares of Wabtec from a “neutral” rating to a “buy” rating and increased their price objective for the company from $262.00 to $285.00 in a report on Thursday, March 26th. Wells Fargo & Company increased their price objective on shares of Wabtec from $270.00 to $284.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Susquehanna restated a “positive” rating and issued a $305.00 price objective on shares of Wabtec in a report on Thursday, April 23rd. Morgan Stanley restated an “overweight” rating and issued a $318.00 price objective on shares of Wabtec in a report on Monday, April 27th. Finally, Wolfe Research restated an “outperform” rating and issued a $303.00 price objective on shares of Wabtec in a report on Thursday, April 23rd. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $289.82.

Hedge Funds Weigh In On Wabtec

Several large investors have recently bought and sold shares of WAB. Whipplewood Advisors LLC acquired a new position in Wabtec in the first quarter valued at approximately $25,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in Wabtec by 125.9% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock worth $28,000 after purchasing an additional 73 shares during the period. Manchester Capital Management LLC raised its holdings in Wabtec by 122.0% in the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock worth $28,000 after purchasing an additional 72 shares during the period. McMillan Office Inc. acquired a new stake in Wabtec in the fourth quarter worth $31,000. Finally, Reflection Asset Management acquired a new stake in Wabtec in the fourth quarter worth $35,000. 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.