Wabtec (NYSE:WAB) EVP Gregory Sbrocco Sells 952 Shares

Wabtec (NYSE:WAB) EVP Gregory Sbrocco sold 952 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $258.43, for a total value of $246,025.36. Following the completion of the transaction, the executive vice president directly owned 21,159 shares in the company, valued at $5,468,120.37. This trade represents a 4.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Wabtec Stock Up 1.1%

Wabtec stock opened at $264.70 on Friday. The firm has a market cap of $45.14 billion, a price-to-earnings ratio of 38.76, a PEG ratio of 1.98 and a beta of 1.01. The stock has a fifty day simple moving average of $231.02 and a two-hundred day simple moving average of $209.65. Wabtec has a 12 month low of $151.81 and a 12 month high of $265.88. The company has a current ratio of 1.11, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38.

Wabtec (NYSE:WAB) last announced its quarterly 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 firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.86 billion. During the same period in the prior year, the company posted $1.68 earnings per share. The company’s quarterly revenue was up 14.8% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. Equities analysts predict that Wabtec will post 8.54 EPS for the current fiscal year.

Wabtec announced that its Board of Directors has approved a share repurchase program on Wednesday, February 11th that authorizes the company to repurchase $1.20 billion in shares. This repurchase authorization authorizes the transportation company to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Wabtec Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th will be paid a $0.31 dividend. This is a boost from Wabtec’s previous quarterly dividend of $0.25. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Tuesday, February 17th. Wabtec’s dividend payout ratio (DPR) is presently 18.16%.

Institutional Investors Weigh In On Wabtec

Hedge funds have recently modified their holdings of the business. Colonial Trust Advisors raised its holdings in Wabtec by 454.5% in the 2nd quarter. Colonial Trust Advisors now owns 122 shares of the transportation company’s stock worth $26,000 after purchasing an additional 100 shares during the period. Piscataqua Savings Bank increased its position in Wabtec by 12,800.0% in the third quarter. Piscataqua Savings Bank now owns 129 shares of the transportation company’s stock worth $26,000 after buying an additional 128 shares in the last quarter. Motco raised its stake in shares of Wabtec by 6,600.0% in the third quarter. Motco now owns 134 shares of the transportation company’s stock worth $27,000 after buying an additional 132 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of 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 buying an additional 73 shares during the period. Finally, Manchester Capital Management LLC lifted its position in shares of Wabtec by 122.0% during the 4th quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock valued at $28,000 after buying an additional 72 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Wabtec from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. JPMorgan Chase & Co. increased their price target on Wabtec from $215.00 to $245.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a research note on Wednesday, January 21st. Wells Fargo & Company lifted their price objective on Wabtec from $224.00 to $270.00 and gave the stock an “equal weight” rating in a report on Friday, February 13th. Finally, Stephens increased their target price on Wabtec from $230.00 to $290.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Wabtec presently has an average rating of “Moderate Buy” and an average price target of $269.00.

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.