Wabtec (NYSE:WAB) Insider Rogerio Mendonca Sells 3,500 Shares

Wabtec (NYSE:WAB) insider Rogerio Mendonca sold 3,500 shares of Wabtec stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $264.21, for a total transaction of $924,735.00. Following the completion of the sale, the insider directly owned 10,101 shares of the company’s stock, valued at $2,668,785.21. The trade was a 25.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Rogerio Mendonca also recently made the following trade(s):

• On Thursday, December 4th, Rogerio Mendonca sold 2,019 shares of Wabtec stock. The shares were sold at an average price of $214.51, for a total value of $433,095.69.

Wabtec Trading Down 0.8%

Shares of WAB stock traded down $2.00 during mid-day trading on Monday, hitting $262.78. 230,992 shares of the company’s stock were exchanged, compared to its average volume of 827,105. The company has a quick ratio of 0.57, a current ratio of 1.11 and a debt-to-equity ratio of 0.38. The stock has a market cap of $44.81 billion, a price-to-earnings ratio of 38.47, a PEG ratio of 2.00 and a beta of 1.01. The stock has a 50-day simple moving average of $231.02 and a two-hundred day simple moving average of $209.95. Wabtec has a fifty-two week low of $151.81 and a fifty-two week high of $265.88.

Wabtec (NYSE:WAB) last posted its quarterly earnings data on Wednesday, February 11th. The transportation company reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.02. The company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.86 billion. Wabtec had a net margin of 10.48% and a return on equity of 14.12%. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.68 EPS. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. Equities analysts expect that Wabtec will post 8.54 EPS for the current fiscal year.

Wabtec declared that its Board of Directors has authorized a share buyback plan on Wednesday, February 11th that authorizes the company to repurchase $1.20 billion in outstanding shares. This repurchase authorization authorizes the transportation company to buy up to 2.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Wabtec Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th will be paid a dividend of $0.31 per share. This is an increase from Wabtec’s previous quarterly dividend of $0.25. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, February 17th. Wabtec’s payout ratio is 18.16%.

Analysts Set New Price Targets

Several brokerages recently weighed in on WAB. Wells Fargo & Company increased their target price on Wabtec from $224.00 to $270.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a research note on Wednesday, January 21st. Susquehanna set a $300.00 price objective on Wabtec in a report on Thursday, February 12th. Bank of America boosted their target price on Wabtec from $228.00 to $233.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Finally, Stephens increased their target price on shares of Wabtec from $230.00 to $290.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Wabtec has an average rating of “Moderate Buy” and an average target price of $269.00.

Institutional Investors Weigh In On Wabtec

A number of large investors have recently added to or reduced their stakes in WAB. Virtu Financial LLC acquired a new stake in Wabtec during the 4th quarter valued at approximately $731,000. Corient Private Wealth LLC grew its position in shares of Wabtec by 602.4% in the 4th quarter. Corient Private Wealth LLC now owns 78,644 shares of the transportation company’s stock worth $16,787,000 after acquiring an additional 67,448 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in shares of Wabtec in the 4th quarter worth approximately $777,000. NewEdge Advisors LLC increased its holdings in shares of Wabtec by 11.9% in the 4th quarter. NewEdge Advisors LLC now owns 3,176 shares of the transportation company’s stock valued at $678,000 after acquiring an additional 339 shares during the last quarter. Finally, KKM Financial LLC acquired a new stake in shares of Wabtec during the 4th quarter valued at approximately $232,000. 91.69% of the stock is owned by institutional investors and hedge funds.

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.