Wabtec (NYSE:WAB) EVP Gina Trombley Sells 4,013 Shares

Wabtec (NYSE:WAB) EVP Gina Trombley sold 4,013 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $241.87, for a total transaction of $970,624.31. Following the completion of the transaction, the executive vice president directly owned 13,841 shares of the company’s stock, valued at approximately $3,347,722.67. This represents a 22.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Wabtec Price Performance

Shares of WAB opened at $236.60 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.11 and a quick ratio of 0.57. The company’s fifty day moving average price is $242.37 and its 200-day moving average price is $216.20. Wabtec has a 1-year low of $151.81 and a 1-year high of $266.27. The firm has a market capitalization of $40.34 billion, a PE ratio of 34.64, a price-to-earnings-growth ratio of 1.81 and a beta of 0.99.

Wabtec (NYSE:WAB) last issued its earnings results 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. Wabtec had a return on equity of 14.12% and a net margin of 10.48%.The company had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.86 billion. During the same quarter last year, the business posted $1.68 EPS. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. On average, equities research analysts predict that Wabtec will post 8.54 EPS for the current year.

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

Wabtec Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th were paid a $0.31 dividend. The ex-dividend date was Tuesday, February 17th. This is a positive change from Wabtec’s previous quarterly dividend of $0.25. This represents a $1.24 annualized dividend and a dividend yield of 0.5%. Wabtec’s dividend payout ratio (DPR) is 18.16%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. World Investment Advisors boosted its position in Wabtec by 14.3% in the 4th quarter. World Investment Advisors now owns 7,336 shares of the transportation company’s stock worth $1,566,000 after purchasing an additional 915 shares in the last quarter. Corient Private Wealth LLC increased its holdings in shares of Wabtec by 17.6% during the 4th quarter. Corient Private Wealth LLC now owns 13,163 shares of the transportation company’s stock valued at $2,813,000 after purchasing an additional 1,967 shares in the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Wabtec in the 4th quarter valued at $2,134,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Wabtec in the 4th quarter valued at $70,000. Finally, Reflection Asset Management purchased a new stake in Wabtec during the fourth quarter worth $35,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Stephens increased their price target on shares of Wabtec from $230.00 to $290.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. JPMorgan Chase & Co. lifted their price objective on shares of Wabtec from $215.00 to $245.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Wolfe Research raised shares of Wabtec from a “peer perform” rating to an “outperform” rating and set a $245.00 price objective on the stock in a report on Thursday, January 8th. Wall Street Zen lowered shares of Wabtec from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Wells Fargo & Company raised their target price on shares of Wabtec from $224.00 to $270.00 and gave the stock an “equal weight” rating in a report on Friday, February 13th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Wabtec has an average rating of “Moderate Buy” and a consensus price target of $269.00.

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.