Wabtec (NYSE:WAB) CTO Sells $2,124,817.00 in Stock

Wabtec (NYSE:WAB) CTO Eric Gebhardt sold 7,100 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $299.27, for a total value of $2,124,817.00. Following the transaction, the chief technology officer owned 19,153 shares of the company’s stock, valued at $5,731,918.31. The trade was a 27.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Wabtec Stock Performance

Wabtec stock traded up $3.50 during midday trading on Tuesday, reaching $304.40. The stock had a trading volume of 293,527 shares, compared to its average volume of 925,674. The firm has a market capitalization of $51.42 billion, a PE ratio of 40.89, a P/E/G ratio of 2.05 and a beta of 0.94. Wabtec has a 12 month low of $184.26 and a 12 month high of $304.19. The company has a quick ratio of 0.59, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. The firm’s 50-day moving average price is $266.61 and its 200 day moving average price is $255.99.

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

Wabtec Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.24 dividend on an annualized basis and a yield of 0.4%. Wabtec’s payout ratio is presently 16.67%.

Analyst Ratings Changes

WAB has been the subject of several analyst reports. Citigroup cut their target price on Wabtec from $313.00 to $311.00 and set a “buy” rating for the company in a research note on Monday, July 13th. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a research report on Friday, July 17th. Susquehanna boosted their price objective on shares of Wabtec from $305.00 to $340.00 and gave the company a “positive” rating in a research note on Thursday, July 23rd. Wells Fargo & Company upped their target price on shares of Wabtec from $284.00 to $315.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Finally, KeyCorp raised their price target on shares of Wabtec from $308.00 to $340.00 and gave the company 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $310.64.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Whipplewood Advisors LLC purchased a new position in Wabtec in the 1st quarter worth $25,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Wabtec by 125.9% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 73 shares in the last quarter. Manchester Capital Management LLC boosted its holdings in Wabtec by 122.0% in the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 72 shares in the last quarter. McMillan Office Inc. purchased a new position in Wabtec during the 4th quarter valued at $31,000. Finally, Reflection Asset Management purchased a new stake in shares of Wabtec in the 4th quarter worth about $35,000. 91.69% of the stock is owned by hedge funds and other 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.