Wabtec (NYSE:WAB) VP David Deninno Sells 3,000 Shares

Wabtec (NYSE:WAB) VP David Deninno sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $301.31, for a total transaction of $903,930.00. Following the completion of the sale, the vice president directly owned 55,128 shares in the company, valued at $16,610,617.68. This trade represents a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Wabtec Stock Performance

NYSE:WAB opened at $305.54 on Wednesday. Wabtec has a fifty-two week low of $184.26 and a fifty-two week high of $306.10. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.59 and a current ratio of 1.12. The company has a 50 day moving average price of $267.62 and a 200 day moving average price of $256.62. The stock has a market capitalization of $51.61 billion, a P/E ratio of 41.07, a PEG ratio of 2.04 and a beta of 0.94.

Wabtec (NYSE:WAB) last announced its earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.60 by $0.16. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the previous year, the company earned $2.27 earnings per share. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Equities research analysts forecast that Wabtec will post 10.86 EPS for the current year.

Wabtec Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.24 annualized dividend and a yield of 0.4%. Wabtec’s dividend payout ratio is presently 16.67%.

Institutional Investors Weigh In On Wabtec

Several large investors have recently bought and sold shares of WAB. Whipplewood Advisors LLC purchased a new position in shares of Wabtec in the 1st quarter valued at about $25,000. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Wabtec by 125.9% during 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. Manchester Capital Management LLC raised its holdings in Wabtec by 122.0% in the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 72 shares in the last quarter. McMillan Office Inc. acquired a new stake in Wabtec in the fourth quarter valued at approximately $31,000. Finally, Reflection Asset Management purchased a new position in Wabtec in the fourth quarter worth approximately $35,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Analysts Set New Price Targets

WAB has been the subject of several research reports. Wells Fargo & Company lifted their target price on Wabtec from $284.00 to $315.00 and gave the company an “equal weight” rating in a research report on Thursday, July 23rd. Stephens raised their price objective on shares of Wabtec from $320.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Wall Street Zen upgraded shares of Wabtec from a “hold” rating to a “buy” rating in a report on Saturday. JPMorgan Chase & Co. upped their target price on shares of Wabtec from $300.00 to $315.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $290.00 target price (down from $300.00) on shares of Wabtec in a report on Tuesday, March 31st. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $310.64.

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.