Insider Selling: Wabtec (NYSE:WAB) Insider Sells $302,013.00 in Stock

Wabtec (NYSE:WAB) insider Sameer Gaur sold 1,150 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $262.62, for a total value of $302,013.00. Following the sale, the insider owned 12,017 shares of the company’s stock, valued at approximately $3,155,904.54. This represents a 8.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Wabtec Stock Performance

Shares of NYSE:WAB traded down $2.74 on Friday, reaching $260.67. 307,721 shares of the company’s stock were exchanged, compared to its average volume of 808,393. 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 has a twelve month low of $151.81 and a twelve month high of $266.27. The company has a fifty day moving average of $234.99 and a 200-day moving average of $211.71. The company has a market capitalization of $44.45 billion, a price-to-earnings ratio of 38.19, a PEG ratio of 1.98 and a beta of 1.01.

Wabtec (NYSE:WAB) last posted its quarterly earnings results on Wednesday, February 11th. The transportation company reported $2.10 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 business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter in the previous year, the firm earned $1.68 earnings per share. Wabtec’s revenue for the quarter was up 14.8% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. On average, research analysts predict that Wabtec will post 8.54 EPS for the current fiscal year.

Wabtec Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, February 17th. This is a positive change from Wabtec’s previous quarterly dividend of $0.25. Wabtec’s payout ratio is presently 18.16%.

Wabtec declared that its Board of Directors has approved a stock buyback program on Wednesday, February 11th that authorizes the company to buyback $1.20 billion in outstanding shares. This buyback authorization authorizes the transportation company to repurchase up to 2.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Bank of America increased their price target on Wabtec from $228.00 to $233.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Morgan Stanley reiterated an “overweight” rating and issued a $315.00 target price on shares of Wabtec in a report on Tuesday, February 17th. Wells Fargo & Company boosted their price target on Wabtec from $224.00 to $270.00 and gave the company an “equal weight” rating in a research note on Friday, February 13th. KeyCorp upped their price objective on shares of Wabtec from $240.00 to $308.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a research report on Wednesday, January 21st. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Wabtec has a consensus rating of “Moderate Buy” and a consensus price target of $269.00.

Hedge Funds Weigh In On Wabtec

Institutional investors have recently added to or reduced their stakes in the business. Colonial Trust Advisors boosted its holdings in shares of 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 in 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. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Wabtec by 125.9% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 73 shares during the period. Manchester Capital Management LLC raised its holdings in 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 during the last quarter. Finally, Motco raised 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 acquiring an additional 132 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors.

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.