Insider Selling: Wabtec (NYSE:WAB) Insider Sells $285,107.00 in Stock

Wabtec (NYSE:WAB) insider Sameer Gaur sold 1,082 shares of the company’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 transaction, the insider owned 11,985 shares in the company, valued at $3,158,047.50. This trade represents a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wabtec Price Performance

WAB stock opened at $274.49 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.54 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $46.58 billion, a PE ratio of 38.82, a P/E/G ratio of 1.94 and a beta of 0.94. Wabtec has a 12-month low of $184.26 and a 12-month high of $278.39. The business’s fifty day moving average price is $264.02 and its 200 day moving average price is $245.55.

Wabtec (NYSE:WAB) last posted its earnings results on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.09. The firm had revenue of $2.95 billion for 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 was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.28 EPS. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. On average, sell-side analysts anticipate that Wabtec will post 10.61 EPS for the current year.

Wabtec Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Friday, May 22nd were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, May 22nd. Wabtec’s dividend payout ratio is currently 17.54%.

Wall Street Analyst Weigh In

WAB has been the topic of several recent research reports. JPMorgan Chase & Co. cut their target price on shares of Wabtec from $290.00 to $280.00 and set a “neutral” rating on the stock in a research note on Friday, April 10th. Susquehanna reissued a “positive” rating and issued a $305.00 price target on shares of Wabtec in a research report on Thursday, April 23rd. Morgan Stanley restated an “overweight” rating and issued a $318.00 price target on shares of Wabtec in a research note on Monday, April 27th. Wall Street Zen lowered Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Citigroup increased their price objective on Wabtec from $283.00 to $292.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Wabtec presently has a consensus rating of “Moderate Buy” and a consensus price target of $289.82.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in WAB. Norges Bank purchased a new stake in shares of Wabtec during the 4th quarter worth $409,039,000. Price T Rowe Associates Inc. MD increased its holdings in Wabtec by 20.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company’s stock valued at $1,700,238,000 after buying an additional 1,344,744 shares during the last quarter. Nordea Investment Management AB increased its holdings 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 buying an additional 1,095,083 shares during the last quarter. Farallon Capital Management LLC raised its stake in Wabtec by 68.6% in the third quarter. Farallon Capital Management LLC now owns 2,205,098 shares of the transportation company’s stock valued at $442,056,000 after buying an additional 896,900 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in Wabtec by 360.0% in the fourth quarter. Bank of Montreal Can now owns 885,197 shares of the transportation company’s stock valued at $188,945,000 after buying an additional 692,773 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

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.