Wabtec (NYSE:WAB) Insider Nalin Jain Sells 7,936 Shares of Stock

Wabtec (NYSE:WAB) insider Nalin Jain sold 7,936 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $264.09, for a total transaction of $2,095,818.24. Following the completion of the transaction, the insider owned 6,364 shares of the company’s stock, valued at approximately $1,680,668.76. The trade was a 55.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Wabtec Trading Up 0.3%

Wabtec stock opened at $263.53 on Friday. Wabtec has a 52 week low of $151.81 and a 52 week high of $266.27. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 1.11. The firm has a market capitalization of $44.94 billion, a price-to-earnings ratio of 38.58, a P/E/G ratio of 1.98 and a beta of 1.01. The company has a 50 day moving average price of $234.99 and a 200 day moving average price of $211.71.

Wabtec (NYSE:WAB) last released its earnings results on Wednesday, February 11th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.02. Wabtec had a return on equity of 14.12% and a net margin of 10.48%.The company had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.86 billion. During the same quarter in the prior year, the company earned $1.68 earnings per share. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. Research analysts forecast that Wabtec will post 8.54 EPS for the current year.

Wabtec declared that its board has approved a stock repurchase plan on Wednesday, February 11th that authorizes the company to buyback $1.20 billion in outstanding shares. This buyback authorization authorizes the transportation company to purchase up to 2.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Wabtec Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Tuesday, February 17th. This is a positive change from Wabtec’s previous quarterly dividend of $0.25. Wabtec’s payout ratio is currently 18.16%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on Wabtec from $215.00 to $245.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a research note on Wednesday, January 21st. Morgan Stanley restated an “overweight” rating and set a $315.00 price target on shares of Wabtec in a research note on Tuesday, February 17th. Stephens lifted their price objective on shares of Wabtec from $230.00 to $290.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Finally, Susquehanna set a $300.00 target price on Wabtec in a report on Thursday, February 12th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Wabtec has an average rating of “Moderate Buy” and an average target price of $269.00.

Institutional Trading of Wabtec

A number of hedge funds have recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Wabtec during the 4th quarter worth about $409,039,000. Price T Rowe Associates Inc. MD lifted its stake in Wabtec by 20.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company’s stock valued at $1,700,238,000 after buying an additional 1,344,744 shares during the period. Nordea Investment Management AB grew its holdings in Wabtec by 55.5% during the fourth quarter. Nordea Investment Management AB now owns 3,069,340 shares of the transportation company’s stock valued at $659,939,000 after purchasing an additional 1,095,083 shares during the period. Farallon Capital Management LLC grew its holdings in shares of Wabtec by 68.6% in the 3rd quarter. Farallon Capital Management LLC now owns 2,205,098 shares of the transportation company’s stock valued at $442,056,000 after buying an additional 896,900 shares during the period. Finally, Bank of Montreal Can raised its holdings in Wabtec by 360.0% during the 4th quarter. Bank of Montreal Can now owns 885,197 shares of the transportation company’s stock worth $188,945,000 after buying an additional 692,773 shares during the period. Institutional investors own 91.69% of the company’s stock.

Wabtec Company Profile

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.