Michael Fetsko Sells 3,250 Shares of Wabtec (NYSE:WAB) Stock

Wabtec (NYSE:WAB) insider Michael Fetsko sold 3,250 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $293.22, for a total value of $952,965.00. Following the completion of the sale, the insider owned 37,380 shares of the company’s stock, valued at $10,960,563.60. This represents a 8.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Wabtec Price Performance

Shares of WAB opened at $298.10 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.59 and a debt-to-equity ratio of 0.44. Wabtec has a 1 year low of $184.26 and a 1 year high of $306.64. The stock has a market cap of $50.35 billion, a P/E ratio of 40.07, a price-to-earnings-growth ratio of 2.02 and a beta of 0.93. The stock’s 50-day moving average price is $280.20 and its two-hundred day moving average price is $264.80.

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

Wabtec Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Whipplewood Advisors LLC acquired a new stake in shares of Wabtec during the first quarter worth $25,000. Meeder Asset Management Inc. acquired a new position in Wabtec in the 2nd quarter worth $26,000. Clal Insurance Enterprises Holdings Ltd boosted its stake in Wabtec by 125.9% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock worth $28,000 after purchasing an additional 73 shares during the period. Manchester Capital Management LLC increased 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 worth $28,000 after purchasing an additional 72 shares in the last quarter. Finally, Bell Investment Advisors Inc bought a new position in Wabtec during the 2nd quarter worth about $29,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on WAB. Susquehanna lifted their price target on shares of Wabtec from $305.00 to $340.00 and gave the stock a “positive” rating in a research report on Thursday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a research report on Friday, July 17th. Stephens upped their price objective on shares of Wabtec from $320.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Wells Fargo & Company raised their price objective on Wabtec from $284.00 to $315.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 23rd. Finally, Morgan Stanley lifted their target price on Wabtec from $318.00 to $355.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $313.36.

About Wabtec

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.