Insider Selling: Wabtec (NYSE:WAB) Insider Sells $952,965.00 in Stock

Wabtec (NYSE:WAB) insider Michael Fetsko sold 3,250 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $293.22, for a total value of $952,965.00. Following the transaction, the insider directly owned 37,380 shares in the company, valued at approximately $10,960,563.60. This trade represents a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Wabtec Trading Up 0.2%

NYSE WAB opened at $298.10 on Monday. The company has a market cap of $50.35 billion, a price-to-earnings ratio of 40.07, a P/E/G ratio of 2.02 and a beta of 0.93. Wabtec has a 52 week low of $184.26 and a 52 week high of $306.64. The business has a 50 day moving average price of $280.20 and a 200-day moving average price of $265.02. The company has a quick ratio of 0.59, a current ratio of 1.12 and a debt-to-equity ratio of 0.44.

Wabtec (NYSE:WAB) last issued its earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share for the quarter, topping 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 period in the prior year, the firm earned $2.27 earnings per share. Wabtec’s revenue for the quarter was up 17.5% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. As a group, equities analysts expect that Wabtec will post 10.86 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, August 18th. Wabtec’s dividend payout ratio (DPR) is 16.67%.

Institutional Investors Weigh In On Wabtec

A number of hedge funds have recently modified their holdings of WAB. Welch & Forbes LLC lifted its position in Wabtec by 1.8% in the second quarter. Welch & Forbes LLC now owns 2,050 shares of the transportation company’s stock valued at $553,000 after purchasing an additional 36 shares during the last quarter. Meeder Advisory Services Inc. boosted its stake in shares of Wabtec by 1.6% during the first quarter. Meeder Advisory Services Inc. now owns 2,471 shares of the transportation company’s stock valued at $618,000 after purchasing an additional 38 shares during the period. Legacy Financial Advisors Inc. grew its holdings in shares of Wabtec by 3.4% in the second quarter. Legacy Financial Advisors Inc. now owns 1,141 shares of the transportation company’s stock worth $308,000 after purchasing an additional 38 shares during the last quarter. Hilltop Holdings Inc. grew its holdings in shares of Wabtec by 3.9% in the fourth quarter. Hilltop Holdings Inc. now owns 1,069 shares of the transportation company’s stock worth $228,000 after purchasing an additional 40 shares during the last quarter. Finally, L2 Asset Management LLC increased its stake in shares of Wabtec by 5.0% in the second quarter. L2 Asset Management LLC now owns 960 shares of the transportation company’s stock worth $259,000 after buying an additional 46 shares during the period. Institutional investors own 91.69% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on WAB. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a research report on Friday, July 17th. Wells Fargo & Company raised their price target on shares of Wabtec from $284.00 to $315.00 and gave the company an “equal weight” rating in a research report on Thursday, July 23rd. Morgan Stanley raised their price target on shares of Wabtec from $318.00 to $355.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Stephens lifted their price target on Wabtec from $320.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Finally, KeyCorp boosted their price objective on Wabtec from $308.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $313.36.

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.