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

Wabtec (NYSE:WAB) insider Rogerio Mendonca sold 2,019 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $214.51, for a total value of $433,095.69. Following the sale, the insider owned 9,516 shares of the company’s stock, valued at $2,041,277.16. This trade represents a 17.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Wabtec Stock Performance

NYSE:WAB opened at $214.71 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.42 and a quick ratio of 0.75. The firm has a market cap of $36.71 billion, a price-to-earnings ratio of 31.21, a price-to-earnings-growth ratio of 1.65 and a beta of 0.99. The firm’s fifty day moving average price is $201.73 and its 200 day moving average price is $200.11. Wabtec has a 1-year low of $151.81 and a 1-year high of $216.10.

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

Wabtec Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were given a $0.25 dividend. The ex-dividend date was Wednesday, November 12th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. Wabtec’s dividend payout ratio (DPR) is presently 14.53%.

Institutional Trading of Wabtec

A number of institutional investors have recently bought and sold shares of WAB. ST Germain D J Co. Inc. raised its stake in shares of Wabtec by 30.2% during the 2nd quarter. ST Germain D J Co. Inc. now owns 207 shares of the transportation company’s stock worth $43,000 after buying an additional 48 shares during the last quarter. PFS Partners LLC increased its holdings in Wabtec by 70.4% during the 2nd quarter. PFS Partners LLC now owns 121 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 50 shares in the last quarter. Trust Co. of Vermont increased its holdings in Wabtec by 44.2% during the 2nd quarter. Trust Co. of Vermont now owns 163 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 50 shares in the last quarter. CI Investments Inc. raised its position in Wabtec by 6.1% during the third quarter. CI Investments Inc. now owns 865 shares of the transportation company’s stock worth $173,000 after acquiring an additional 50 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Wabtec by 7.3% in the second quarter. Parkside Financial Bank & Trust now owns 797 shares of the transportation company’s stock valued at $167,000 after purchasing an additional 54 shares in the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WAB. Bank of America boosted their target price on Wabtec from $228.00 to $233.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Citigroup upped their price objective on Wabtec from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Wall Street Zen downgraded Wabtec from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Susquehanna boosted their target price on shares of Wabtec from $235.00 to $240.00 and gave the stock a “positive” rating in a research report on Thursday, October 23rd. Finally, Wells Fargo & Company began coverage on shares of Wabtec in a report on Thursday, November 13th. They issued an “equal weight” rating and a $221.00 price target for the company. Seven 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, Wabtec presently has a consensus rating of “Moderate Buy” and an average target price of $226.78.

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.