David Deninno Sells 3,000 Shares of Wabtec (NYSE:WAB) Stock

Wabtec (NYSE:WAB) VP David Deninno sold 3,000 shares of the firm’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $301.31, for a total transaction of $903,930.00. Following the transaction, the vice president owned 55,128 shares of the company’s stock, valued at approximately $16,610,617.68. This represents a 5.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Wabtec Price Performance

Shares of WAB stock traded up $3.55 during trading hours on Tuesday, hitting $304.45. The company had a trading volume of 293,527 shares, compared to its average volume of 925,674. Wabtec has a 12 month low of $184.26 and a 12 month high of $304.19. The firm has a market capitalization of $51.43 billion, a price-to-earnings ratio of 40.89, a PEG ratio of 2.05 and a beta of 0.94. The firm’s fifty day moving average is $266.61 and its 200 day moving average is $255.99. 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 posted its earnings results on Wednesday, July 22nd. The transportation company reported $2.76 EPS 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 the consensus estimate of $3.07 billion. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.Wabtec’s revenue was up 17.5% on a year-over-year basis. During the same quarter last year, the company earned $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. On average, sell-side analysts predict that Wabtec will post 10.86 EPS for the current fiscal year.

Wabtec Announces Dividend

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 issued a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.24 annualized dividend and a dividend yield of 0.4%. Wabtec’s dividend payout ratio is presently 16.67%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Wabtec during the fourth quarter worth $409,039,000. Price T Rowe Associates Inc. MD increased its position in Wabtec by 20.3% in the fourth 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 purchasing an additional 1,344,744 shares during the period. Bank of Montreal Can raised its holdings in Wabtec by 360.0% during the 4th quarter. Bank of Montreal Can now owns 885,197 shares of the transportation company’s stock worth $188,945,000 after purchasing an additional 692,773 shares during the last quarter. UBS Group AG lifted its position in Wabtec by 194.2% during the 3rd quarter. UBS Group AG now owns 1,033,304 shares of the transportation company’s stock valued at $207,146,000 after purchasing an additional 682,048 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Wabtec by 288.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 851,733 shares of the transportation company’s stock valued at $212,857,000 after purchasing an additional 632,218 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on WAB shares. KeyCorp upped 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. Susquehanna boosted their target price on Wabtec from $305.00 to $340.00 and gave the stock a “positive” rating in a report on Thursday, July 23rd. Wall Street Zen upgraded Wabtec from a “hold” rating to a “buy” rating in a research report on Saturday. Citigroup cut their price objective on Wabtec from $313.00 to $311.00 and set a “buy” rating for the company in a research report on Monday, July 13th. Finally, Stephens increased their target price on Wabtec from $320.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Wabtec currently has an average rating of “Moderate Buy” and a consensus price target of $310.64.

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.