Wabtec (NYSE:WAB) Announces $0.31 Quarterly Dividend

Wabtec (NYSE:WAB) declared a quarterly dividend on Wednesday, July 15th. Shareholders of record on Tuesday, August 18th will be given a dividend of 0.31 per share by the transportation company on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Tuesday, August 18th.

Wabtec has increased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 4 years. Wabtec has a payout ratio of 12.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Wabtec to earn $12.22 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 10.1%.

Wabtec Trading Down 0.7%

WAB stock opened at $260.11 on Thursday. Wabtec has a 52-week low of $184.26 and a 52-week high of $284.91. The company has a quick ratio of 0.54, a current ratio of 1.02 and a debt-to-equity ratio of 0.42. The firm has a market cap of $44.13 billion, a P/E ratio of 36.79, a PEG ratio of 1.87 and a beta of 0.94. The company’s 50-day simple moving average is $264.41 and its 200-day simple moving average is $252.45.

Wabtec (NYSE:WAB) last announced its quarterly earnings results on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.09. The firm had revenue of $2.95 billion during the quarter, compared to analyst estimates of $3.08 billion. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.Wabtec’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.28 EPS. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. As a group, equities analysts forecast that Wabtec will post 10.64 EPS for the current fiscal year.

Insider Buying and Selling

In other Wabtec news, CEO Rafael Santana sold 1,163 shares of the company’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $262.07, for a total value of $304,787.41. Following the completion of the sale, the chief executive officer directly owned 122,914 shares in the company, valued at $32,212,071.98. This represents a 0.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sameer Gaur sold 1,082 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $263.50, for a total value of $285,107.00. Following the completion of the sale, the insider directly owned 11,985 shares of the company’s stock, valued at $3,158,047.50. This trade represents a 8.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 5,734 shares of company stock valued at $1,504,571 over the last 90 days. Company insiders own 0.57% of the company’s stock.

Hedge Funds Weigh In On Wabtec

Several institutional investors and hedge funds have recently bought and sold shares of WAB. Price T Rowe Associates Inc. MD increased its holdings in shares of Wabtec by 20.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company’s stock worth $1,700,238,000 after buying an additional 1,344,744 shares during the last quarter. State Street Corp grew its position in Wabtec by 2.6% in the fourth quarter. State Street Corp now owns 7,658,040 shares of the transportation company’s stock worth $1,634,609,000 after acquiring an additional 197,610 shares during the period. Geode Capital Management LLC increased its stake in Wabtec by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 4,366,157 shares of the transportation company’s stock worth $928,249,000 after acquiring an additional 38,029 shares during the last quarter. Wellington Management Group LLP raised its position in Wabtec by 3.6% in the third quarter. Wellington Management Group LLP now owns 3,304,183 shares of the transportation company’s stock valued at $662,390,000 after purchasing an additional 116,329 shares during the period. Finally, Nordea Investment Management AB raised its position in Wabtec by 55.5% in the fourth quarter. Nordea Investment Management AB now owns 3,069,340 shares of the transportation company’s stock valued at $659,939,000 after purchasing an additional 1,095,083 shares during the period. 91.69% of the stock is currently owned by institutional investors and hedge funds.

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.