Wabtec (NYSE:WAB) VP Sells $903,930.00 in Stock

Wabtec (NYSE:WAB) VP David Deninno sold 3,000 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $301.31, for a total value of $903,930.00. Following the transaction, the vice president owned 55,128 shares of the company’s stock, valued at $16,610,617.68. The trade was a 5.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Wabtec Stock Up 0.3%

Wabtec stock opened at $292.52 on Friday. The firm has a 50 day simple moving average of $269.02 and a 200 day simple moving average of $257.59. The company has a current ratio of 1.12, a quick ratio of 0.59 and a debt-to-equity ratio of 0.44. Wabtec has a 1-year low of $184.26 and a 1-year high of $306.64. The firm has a market capitalization of $49.41 billion, a price-to-earnings ratio of 39.32, a P/E/G ratio of 1.98 and a beta of 0.94.

Wabtec (NYSE:WAB) last posted its earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share for the quarter, topping analysts’ consensus estimates of $2.60 by $0.16. The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.07 billion. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. Wabtec’s revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. On average, analysts predict that Wabtec will post 10.86 earnings per share for the current year.

Wabtec Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be given a dividend of $0.31 per share. The ex-dividend date is Tuesday, August 18th. This represents a $1.24 dividend on an annualized basis and a yield of 0.4%. Wabtec’s dividend payout ratio (DPR) is presently 16.67%.

Hedge Funds Weigh In On Wabtec

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Welch & Forbes LLC raised its holdings in Wabtec by 1.8% in the 2nd quarter. Welch & Forbes LLC now owns 2,050 shares of the transportation company’s stock worth $553,000 after acquiring an additional 36 shares during the last quarter. Meeder Advisory Services Inc. boosted its stake in Wabtec by 1.6% during the 1st quarter. Meeder Advisory Services Inc. now owns 2,471 shares of the transportation company’s stock valued at $618,000 after purchasing an additional 38 shares during the last quarter. Hilltop Holdings Inc. increased its holdings in shares of Wabtec by 3.9% in the 4th quarter. Hilltop Holdings Inc. now owns 1,069 shares of the transportation company’s stock worth $228,000 after purchasing an additional 40 shares in the last quarter. Apollon Wealth Management LLC increased its holdings in shares of Wabtec by 1.6% in the 1st quarter. Apollon Wealth Management LLC now owns 3,081 shares of the transportation company’s stock worth $770,000 after purchasing an additional 48 shares in the last quarter. Finally, IHT Wealth Management LLC raised its stake in shares of Wabtec by 1.0% in the fourth quarter. IHT Wealth Management LLC now owns 4,856 shares of the transportation company’s stock worth $1,037,000 after purchasing an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on WAB. Wells Fargo & Company lifted their price target on shares of Wabtec from $284.00 to $315.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 23rd. KeyCorp increased their target price on shares of Wabtec from $308.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Wall Street Zen raised shares of Wabtec from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Citigroup lowered their price target on shares of Wabtec from $313.00 to $311.00 and set a “buy” rating for the company in a research note on Monday, July 13th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $303.00 price objective on shares of Wabtec in a research note on Thursday, April 23rd. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Wabtec presently has an average rating of “Moderate Buy” and an average price target of $310.64.

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.