Insider Selling: Wabtec (NYSE:WAB) EVP Sells $970,624.31 in Stock

Wabtec (NYSE:WAB) EVP Gina Trombley sold 4,013 shares of the stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $241.87, for a total value of $970,624.31. Following the completion of the sale, the executive vice president owned 13,841 shares in the company, valued at approximately $3,347,722.67. This trade represents a 22.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Wabtec Stock Performance

Shares of WAB stock opened at $236.60 on Monday. Wabtec has a 52 week low of $151.81 and a 52 week high of $266.27. The company has a market capitalization of $40.34 billion, a price-to-earnings ratio of 34.64, a PEG ratio of 1.79 and a beta of 0.99. The company has a 50-day simple moving average of $242.37 and a 200 day simple moving average of $216.49. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 1.11.

Wabtec (NYSE:WAB) last issued 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. Wabtec had a return on equity of 14.12% and a net margin of 10.48%.The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same period in the prior year, the firm posted $1.68 EPS. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. On average, sell-side analysts predict that Wabtec will post 8.54 earnings per share for the current year.

Wabtec announced that its board has approved a stock buyback plan on Wednesday, February 11th that permits the company to buyback $1.20 billion in shares. This buyback authorization permits the transportation company to buy up to 2.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Wabtec Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Tuesday, February 17th. This is a boost from Wabtec’s previous quarterly dividend of $0.25. Wabtec’s dividend payout ratio is presently 18.16%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on WAB shares. JPMorgan Chase & Co. lifted their target price on Wabtec from $215.00 to $245.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Stephens increased their price target on Wabtec from $230.00 to $290.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Susquehanna set a $300.00 price objective on Wabtec in a research note on Thursday, February 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a report on Wednesday, January 21st. Finally, Wells Fargo & Company increased their target price on shares of Wabtec from $224.00 to $270.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $269.00.

Hedge Funds Weigh In On Wabtec

A number of large investors have recently modified their holdings of the company. Varenne Capital Partners boosted its stake in shares of Wabtec by 39.5% during the second quarter. Varenne Capital Partners now owns 277,078 shares of the transportation company’s stock valued at $58,006,000 after purchasing an additional 78,394 shares during the period. Varma Mutual Pension Insurance Co increased its stake in shares of Wabtec by 9.1% in the third quarter. Varma Mutual Pension Insurance Co now owns 47,924 shares of the transportation company’s stock worth $9,607,000 after buying an additional 4,000 shares during the period. Empowered Funds LLC increased its stake in shares of Wabtec by 240.8% in the second quarter. Empowered Funds LLC now owns 15,924 shares of the transportation company’s stock worth $3,334,000 after buying an additional 11,252 shares during the period. Quantbot Technologies LP bought a new stake in Wabtec during the 2nd quarter valued at $9,371,000. Finally, Mediolanum International Funds Ltd bought a new stake in Wabtec during the 2nd quarter valued at $8,201,000. 91.69% of the stock is currently owned by institutional investors.

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.