Insider Selling: Wabtec (NYSE:WAB) CFO Sells 11,000 Shares of Stock

Wabtec (NYSE:WAB) CFO John Olin sold 11,000 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $263.30, for a total transaction of $2,896,300.00. Following the transaction, the chief financial officer owned 60,487 shares in the company, valued at $15,926,227.10. The trade was a 15.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Wabtec Stock Down 0.5%

NYSE:WAB traded down $1.35 during trading hours on Wednesday, reaching $263.12. The company had a trading volume of 309,588 shares, compared to its average volume of 811,680. Wabtec has a twelve month low of $151.81 and a twelve month high of $266.27. 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 firm has a market cap of $44.87 billion, a price-to-earnings ratio of 38.52, a P/E/G ratio of 1.98 and a beta of 1.01. The business’s 50-day simple moving average is $232.98 and its two-hundred day simple moving average is $210.99.

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

Wabtec Increases Dividend

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

Wabtec announced that its Board of Directors has approved a share buyback plan on Wednesday, February 11th that permits the company to repurchase $1.20 billion in shares. This repurchase authorization permits the transportation company to buy up to 2.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Morgan Stanley reissued an “overweight” rating and issued a $315.00 price target on shares of Wabtec in a research report on Tuesday, February 17th. KeyCorp lifted their price objective on shares of Wabtec from $240.00 to $308.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Wall Street Zen lowered shares of Wabtec from a “buy” rating to a “hold” rating in a report on Sunday. Stephens lifted their price target on Wabtec from $230.00 to $290.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Finally, Wolfe Research raised Wabtec from a “peer perform” rating to an “outperform” rating and set a $245.00 price objective for the company in a report on Thursday, January 8th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $269.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of WAB. DGS Capital Management LLC bought a new stake in shares of Wabtec in the fourth quarter valued at approximately $213,000. Virtu Financial LLC purchased a new position in Wabtec in the 4th quarter valued at approximately $731,000. Corient Private Wealth LLC grew its stake in Wabtec by 602.4% in the 4th quarter. Corient Private Wealth LLC now owns 78,644 shares of the transportation company’s stock valued at $16,787,000 after buying an additional 67,448 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in Wabtec during the 4th quarter valued at $777,000. Finally, NewEdge Advisors LLC lifted its position in shares of Wabtec by 11.9% during the fourth quarter. NewEdge Advisors LLC now owns 3,176 shares of the transportation company’s stock worth $678,000 after acquiring an additional 339 shares in the last quarter. 91.69% of the stock is 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.