Wabtec (NYSE:WAB) Insider Rogerio Mendonca Sells 2,019 Shares

Wabtec (NYSE:WAB) insider Rogerio Mendonca sold 2,019 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $214.51, for a total transaction of $433,095.69. Following the completion of the sale, the insider owned 9,516 shares of the company’s stock, valued at $2,041,277.16. The trade was a 17.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Wabtec Stock Down 0.2%

Shares of NYSE WAB traded down $0.34 during trading on Friday, hitting $213.70. 133,055 shares of the company traded hands, compared to its average volume of 1,043,071. The firm has a market capitalization of $36.53 billion, a price-to-earnings ratio of 31.06, a P/E/G ratio of 1.65 and a beta of 0.99. The business’s fifty day moving average is $201.37 and its 200 day moving average is $200.05. 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 fifty-two week low of $151.81 and a fifty-two week high of $216.10.

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

Wabtec Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, November 12th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. Wabtec’s payout ratio is currently 14.53%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on WAB. Wells Fargo & Company assumed coverage on shares of Wabtec in a research report on Thursday, November 13th. They issued an “equal weight” rating and a $221.00 price target for the company. Susquehanna raised their price objective on shares of Wabtec from $235.00 to $240.00 and gave the company a “positive” rating in a research note on Thursday, October 23rd. Bank of America lifted their price objective on shares of Wabtec from $228.00 to $233.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Wabtec has a consensus rating of “Moderate Buy” and a consensus price target of $226.78.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. PFS Partners LLC boosted its stake in shares of Wabtec by 70.4% in the 2nd 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 lifted its stake in Wabtec by 454.5% in the second 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 last quarter. Piscataqua Savings Bank lifted its stake 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 purchasing an additional 128 shares during the last quarter. Motco grew its stake in shares of Wabtec by 6,600.0% during the third quarter. Motco now owns 134 shares of the transportation company’s stock valued at $27,000 after buying an additional 132 shares during the last quarter. Finally, Salomon & Ludwin LLC increased its holdings in shares of Wabtec by 370.6% in the third 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 period. 91.69% of the stock is owned by institutional investors.

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.