Insider Selling: Wabtec (NYSE:WAB) Insider Sells 3,500 Shares of Stock

Wabtec (NYSE:WAB) insider Rogerio Mendonca sold 3,500 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $264.21, for a total value of $924,735.00. Following the sale, the insider directly owned 10,101 shares of the company’s stock, valued at approximately $2,668,785.21. This represents a 25.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $214.51, for a total transaction of $433,095.69.

Wabtec Stock Performance

Shares of Wabtec stock traded down $2.00 on Monday, reaching $262.78. 230,992 shares of the stock were exchanged, compared to its average volume of 827,105. The firm has a market capitalization of $44.81 billion, a PE ratio of 38.47, a PEG ratio of 2.00 and a beta of 1.01. Wabtec has a 1-year low of $151.81 and a 1-year high of $265.88. The business has a fifty day moving average price of $231.02 and a two-hundred day moving average price of $209.95. The company has a current ratio of 1.11, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38.

Wabtec (NYSE:WAB) last announced its quarterly earnings data on Wednesday, February 11th. The transportation company reported $2.10 earnings per share 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 company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same quarter in the previous year, the company earned $1.68 EPS. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. As a group, research analysts anticipate that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 17th will be issued a dividend of $0.31 per share. This is a boost 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 dividend payout ratio is currently 18.16%.

Wabtec declared that its board has initiated a stock buyback program on Wednesday, February 11th that allows the company to repurchase $1.20 billion in shares. This repurchase authorization allows the transportation company to buy up to 2.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms have recently weighed in on WAB. Susquehanna set a $300.00 price target on shares of Wabtec in a research note on Thursday, February 12th. Wolfe Research upgraded shares of Wabtec from a “peer perform” rating to an “outperform” rating and set a $245.00 target price on the stock in a research report on Thursday, January 8th. JPMorgan Chase & Co. upped their price target on Wabtec from $215.00 to $245.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Stephens lifted their price objective on Wabtec from $230.00 to $290.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a report on Wednesday, January 21st. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $269.00.

Hedge Funds Weigh In On Wabtec

Several hedge funds have recently bought and sold shares of the stock. Colonial Trust Advisors boosted its stake in shares of Wabtec by 454.5% during the second quarter. Colonial Trust Advisors now owns 122 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 100 shares during the last quarter. Piscataqua Savings Bank lifted its holdings in Wabtec by 12,800.0% in the 3rd quarter. Piscataqua Savings Bank now owns 129 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 128 shares in the last quarter. Motco boosted its stake in shares of Wabtec by 6,600.0% during the 3rd quarter. Motco now owns 134 shares of the transportation company’s stock worth $27,000 after purchasing an additional 132 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Wabtec by 125.9% during 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 last quarter. Finally, Manchester Capital Management LLC grew its holdings in shares of Wabtec by 122.0% during the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock worth $28,000 after buying an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

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.