Insider Selling: Wabtec (NYSE:WAB) CAO Sells 2,766 Shares of Stock

Wabtec (NYSE:WAB) CAO John Mastalerz, Jr. sold 2,766 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $210.00, for a total transaction of $580,860.00. Following the completion of the sale, the chief accounting officer owned 5,286 shares in the company, valued at approximately $1,110,060. This trade represents a 34.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Wabtec Trading Down 0.2%

WAB stock traded down $0.42 during mid-day trading on Friday, reaching $203.85. 175,133 shares of the stock traded hands, compared to its average volume of 1,056,613. The business has a 50-day moving average price of $197.24 and a two-hundred day moving average price of $198.90. The stock has a market capitalization of $34.85 billion, a PE ratio of 29.66, a PEG ratio of 1.55 and a beta of 1.09. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.75 and a current ratio of 1.42. Wabtec has a one year low of $151.81 and a one year high of $216.10.

Wabtec (NYSE:WAB) last issued its quarterly earnings results on Wednesday, October 22nd. The transportation company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.04. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.88 billion. Wabtec had a return on equity of 13.84% and a net margin of 10.94%.The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.00 earnings per share. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. Equities research analysts expect that Wabtec will post 8.54 EPS for the current year.

Wabtec Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, November 12th. Wabtec’s dividend payout ratio (DPR) is 14.53%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on WAB shares. Citigroup began coverage on Wabtec in a research report on Monday, September 22nd. They set a “buy” rating and a $225.00 price objective on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a research note on Wednesday, October 8th. Bank of America lifted their target price on shares of Wabtec from $228.00 to $233.00 and gave the stock a “buy” rating in a research note on Thursday. Wall Street Zen lowered shares of Wabtec from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Wabtec from $200.00 to $215.00 and gave the company a “neutral” rating in a report on Tuesday, October 14th. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $224.56.

Institutional Trading of Wabtec

A number of institutional investors have recently made changes to their positions in WAB. PFS Partners LLC grew its position in shares of Wabtec by 70.4% in the second quarter. PFS Partners LLC now owns 121 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 50 shares in the last quarter. Colonial Trust Advisors grew its holdings in shares of Wabtec by 454.5% in the second quarter. Colonial Trust Advisors now owns 122 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 100 shares during the period. Piscataqua Savings Bank increased its position in Wabtec by 12,800.0% during the third quarter. Piscataqua Savings Bank now owns 129 shares of the transportation company’s stock worth $26,000 after purchasing an additional 128 shares during the last quarter. Motco grew its stake in shares of Wabtec by 6,600.0% in the 3rd quarter. Motco now owns 134 shares of the transportation company’s stock valued at $27,000 after buying an additional 132 shares during the period. Finally, Salomon & Ludwin LLC increased its holdings in shares of Wabtec by 370.6% during the 3rd quarter. Salomon & Ludwin LLC now owns 160 shares of the transportation company’s stock worth $32,000 after buying an additional 126 shares during the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

About Wabtec

Westinghouse Air Brake Technologies Corporation, together with its subsidiaries, provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It offers diesel-electric, battery, and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products.