Insider Selling: Wabtec (NYSE:WAB) Insider Sells $300,640.00 in Stock

Wabtec (NYSE:WAB) insider Sameer Gaur sold 1,000 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $300.64, for a total transaction of $300,640.00. Following the completion of the sale, the insider directly owned 10,985 shares of the company’s stock, valued at $3,302,530.40. The trade was a 8.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Sameer Gaur also recently made the following trade(s):

• On Friday, June 12th, Sameer Gaur sold 1,082 shares of Wabtec stock. The stock was sold at an average price of $263.50, for a total value of $285,107.00.

Wabtec Stock Performance

WAB traded up $3.56 on Tuesday, hitting $304.46. 313,308 shares of the company traded hands, compared to its average volume of 925,954. Wabtec has a 12-month low of $184.26 and a 12-month high of $304.52. The company has a 50 day moving average of $266.61 and a 200-day moving average of $255.99. The company has a quick ratio of 0.59, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $51.43 billion, a PE ratio of 40.88, a PEG ratio of 2.05 and a beta of 0.94.

Wabtec (NYSE:WAB) last released its earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the previous year, the company posted $2.27 earnings per share. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Sell-side analysts anticipate that Wabtec will post 10.86 earnings per share for the current year.

Wabtec Dividend Announcement

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

Institutional Investors Weigh In On Wabtec

Several institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Wabtec by 20.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company’s stock worth $1,700,238,000 after acquiring an additional 1,344,744 shares during the period. State Street Corp increased its position in shares of Wabtec by 2.6% in the fourth quarter. State Street Corp now owns 7,658,040 shares of the transportation company’s stock valued at $1,634,609,000 after buying an additional 197,610 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Wabtec by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 4,366,157 shares of the transportation company’s stock worth $928,249,000 after buying an additional 38,029 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Wabtec by 3.6% during the 3rd quarter. Wellington Management Group LLP now owns 3,304,183 shares of the transportation company’s stock worth $662,390,000 after buying an additional 116,329 shares during the last quarter. Finally, Farallon Capital Management LLC boosted its position in shares of Wabtec by 12.3% in the 4th quarter. Farallon Capital Management LLC now owns 2,476,003 shares of the transportation company’s stock worth $528,503,000 after buying an additional 270,905 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Analysts Set New Price Targets

WAB has been the subject of several analyst reports. KeyCorp increased their price target on shares of Wabtec from $308.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Wall Street Zen raised Wabtec from a “hold” rating to a “buy” rating in a report on Saturday. Jefferies Financial Group reiterated a “buy” rating and set a $290.00 target price (down from $300.00) on shares of Wabtec in a research report on Tuesday, March 31st. Wells Fargo & Company raised their price target on Wabtec from $284.00 to $315.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. Finally, Morgan Stanley lifted their price target on Wabtec from $318.00 to $355.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $310.64.

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.