Wabtec (NYSE:WAB) CAO John Mastalerz, Jr. Sells 2,766 Shares

Wabtec (NYSE:WAB) CAO John Mastalerz, Jr. sold 2,766 shares of Wabtec stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $210.00, for a total value of $580,860.00. Following the completion of the transaction, the chief accounting officer directly owned 5,286 shares of the company’s stock, valued at approximately $1,110,060. This trade represents a 34.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Wabtec Trading Down 0.3%

WAB stock traded down $0.67 during mid-day trading on Friday, reaching $203.60. The company’s stock had a trading volume of 646,609 shares, compared to its average volume of 1,058,876. Wabtec has a 12 month low of $151.81 and a 12 month high of $216.10. The company has a current ratio of 1.42, a quick ratio of 0.75 and a debt-to-equity ratio of 0.45. The business’s 50 day moving average price is $197.45 and its 200 day moving average price is $199.04. The company has a market cap of $34.81 billion, a price-to-earnings ratio of 29.59, a price-to-earnings-growth ratio of 1.55 and a beta of 1.09.

Wabtec (NYSE:WAB) last announced its quarterly earnings data on Wednesday, October 22nd. The transportation company reported $2.32 EPS for the quarter, topping the consensus estimate of $2.28 by $0.04. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.88 billion. Wabtec had a net margin of 10.94% and a return on equity of 13.84%. The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.00 EPS. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. On average, equities research analysts predict that Wabtec will post 8.54 EPS for the current year.

Wabtec Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, November 12th. Wabtec’s dividend payout ratio is 14.53%.

Wall Street Analyst Weigh In

WAB has been the subject of a number of research analyst reports. Citigroup boosted their target price on Wabtec from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday. Susquehanna increased their target price on Wabtec from $235.00 to $240.00 and gave the stock a “positive” rating in a report on Thursday, October 23rd. Morgan Stanley boosted their price target on shares of Wabtec from $220.00 to $226.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a report on Wednesday, October 8th. Finally, Wells Fargo & Company began coverage on shares of Wabtec in a research report on Thursday. They issued an “equal weight” rating and a $221.00 price target on the stock. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Wabtec currently has a consensus rating of “Moderate Buy” and an average target price of $226.78.

Hedge Funds Weigh In On Wabtec

Hedge funds have recently modified their holdings of the company. ST Germain D J Co. Inc. increased its position in shares of Wabtec by 30.2% during the 2nd quarter. ST Germain D J Co. Inc. now owns 207 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 48 shares during the last quarter. PFS Partners LLC raised its position in Wabtec by 70.4% in the second quarter. PFS Partners LLC now owns 121 shares of the transportation company’s stock worth $25,000 after acquiring an additional 50 shares during the period. Trust Co. of Vermont boosted its stake in Wabtec by 44.2% in the second quarter. Trust Co. of Vermont now owns 163 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 50 shares during the last quarter. CI Investments Inc. grew its position in shares of Wabtec by 6.1% during the 3rd quarter. CI Investments Inc. now owns 865 shares of the transportation company’s stock valued at $173,000 after acquiring an additional 50 shares during the period. Finally, Parkside Financial Bank & Trust increased its stake in shares of Wabtec by 7.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 797 shares of the transportation company’s stock worth $167,000 after purchasing an additional 54 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Wabtec Company Profile

Westinghouse Air Brake Technologies Corporation, together with its subsidiaries, provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It offers diesel-electric, battery, and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products.