Gregory Sbrocco Sells 952 Shares of Wabtec (NYSE:WAB) Stock

Wabtec (NYSE:WAB) EVP Gregory Sbrocco sold 952 shares of Wabtec stock in a transaction on Monday, August 17th. The stock was sold at an average price of $300.00, for a total value of $285,600.00. Following the sale, the executive vice president directly owned 21,043 shares of the company’s stock, valued at $6,312,900. This represents a 4.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wabtec Trading Down 0.9%

WAB stock opened at $292.16 on Thursday. Wabtec has a 52 week low of $184.26 and a 52 week high of $306.64. The company has a market capitalization of $49.35 billion, a PE ratio of 39.27, a price-to-earnings-growth ratio of 2.00 and a beta of 0.93. The company’s 50-day simple moving average is $278.93 and its 200 day simple moving average is $264.12. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.59 and a current ratio of 1.12.

Wabtec (NYSE:WAB) last issued its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.60 by $0.16. The business had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.07 billion. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The business’s revenue was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. As a group, sell-side analysts anticipate that Wabtec will post 10.86 earnings per share for the current year.

Wabtec Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors 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 payout ratio is 16.67%.

Analyst Ratings Changes

WAB has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on Wabtec from $300.00 to $315.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Morgan Stanley increased 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. Susquehanna raised their price target on Wabtec from $305.00 to $340.00 and gave the stock a “positive” rating in a research report on Thursday, July 23rd. Wall Street Zen cut shares of Wabtec from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Finally, KeyCorp increased their price objective on shares of Wabtec from $308.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Wabtec has an average rating of “Moderate Buy” and a consensus target price of $313.36.

Institutional Trading of Wabtec

Hedge funds and other institutional investors have recently made changes to their positions in the company. Welch & Forbes LLC raised its holdings in Wabtec by 1.8% in the 2nd quarter. Welch & Forbes LLC now owns 2,050 shares of the transportation company’s stock valued at $553,000 after buying an additional 36 shares during the last quarter. Meeder Advisory Services Inc. grew its holdings in Wabtec by 1.6% during the 1st quarter. Meeder Advisory Services Inc. now owns 2,471 shares of the transportation company’s stock worth $618,000 after acquiring an additional 38 shares during the last quarter. Hilltop Holdings Inc. increased its position in Wabtec by 3.9% in the 4th quarter. Hilltop Holdings Inc. now owns 1,069 shares of the transportation company’s stock valued at $228,000 after acquiring an additional 40 shares during the period. L2 Asset Management LLC raised its stake in shares of Wabtec by 5.0% during the second quarter. L2 Asset Management LLC now owns 960 shares of the transportation company’s stock valued at $259,000 after acquiring an additional 46 shares during the last quarter. Finally, Apollon Wealth Management LLC raised its stake in shares of Wabtec by 1.6% during the first quarter. Apollon Wealth Management LLC now owns 3,081 shares of the transportation company’s stock valued at $770,000 after acquiring an additional 48 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors.

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.