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

Wabtec (NYSE:WAB) insider Sameer Gaur sold 1,082 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $263.50, for a total value of $285,107.00. Following the transaction, the insider directly owned 11,985 shares in the company, valued at approximately $3,158,047.50. This represents a 8.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Wabtec Trading Down 0.1%

WAB stock opened at $271.93 on Thursday. The company has a market cap of $46.14 billion, a price-to-earnings ratio of 38.46, a PEG ratio of 1.95 and a beta of 0.94. The company has a quick ratio of 0.54, a current ratio of 1.02 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $263.65 and a 200-day simple moving average of $245.09. Wabtec has a 52 week low of $184.26 and a 52 week high of $276.22.

Wabtec (NYSE:WAB) last released its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.62 by $0.09. The business had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $3.08 billion. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The business’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.28 EPS. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. On average, equities research analysts expect that Wabtec will post 10.61 EPS for the current year.

Wabtec Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Friday, May 22nd were issued 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 Ratings Changes

WAB has been the subject of a number of research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a report on Monday, April 20th. Morgan Stanley restated an “overweight” rating and set a $318.00 price objective on shares of Wabtec in a report on Monday, April 27th. Wells Fargo & Company upped their price objective on Wabtec from $270.00 to $284.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Wall Street Zen downgraded Wabtec from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Finally, JPMorgan Chase & Co. lowered their price target on Wabtec from $290.00 to $280.00 and set a “neutral” rating for the company in a report on Friday, April 10th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $289.82.

Institutional Trading of Wabtec

Several large investors have recently added to or reduced their stakes in WAB. SG Americas Securities LLC boosted its position in Wabtec by 809.6% in the 4th quarter. SG Americas Securities LLC now owns 152,297 shares of the transportation company’s stock valued at $32,508,000 after buying an additional 135,553 shares during the last quarter. Nordea Investment Management AB boosted its position in Wabtec by 55.5% in the 4th quarter. Nordea Investment Management AB now owns 3,069,340 shares of the transportation company’s stock valued at $659,939,000 after buying an additional 1,095,083 shares during the last quarter. Alberta Investment Management Corp purchased a new position in Wabtec in the 3rd quarter valued at about $842,000. Nomura Asset Management Co. Ltd. boosted its position in Wabtec by 5.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 85,485 shares of the transportation company’s stock valued at $18,247,000 after buying an additional 4,266 shares during the last quarter. Finally, 111 Capital purchased a new position in Wabtec in the 3rd quarter valued at about $949,000. 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.