Wabtec (NYSE:WAB) VP David Deninno Sells 5,000 Shares

Wabtec (NYSE:WAB) VP David Deninno sold 5,000 shares of the stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $209.94, for a total transaction of $1,049,700.00. Following the transaction, the vice president owned 55,450 shares in the company, valued at $11,641,173. This trade represents a 8.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wabtec Stock Down 0.3%

Shares of Wabtec stock traded down $0.67 during trading on Friday, reaching $203.60. The company had a trading volume of 646,609 shares, compared to its average volume of 1,058,876. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.75 and a current ratio of 1.42. Wabtec has a fifty-two week low of $151.81 and a fifty-two week high of $216.10. The firm’s fifty day moving average is $197.45 and its 200-day moving average 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.04. The firm had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.88 billion. Wabtec had a return on equity of 13.84% and a net margin of 10.94%.Wabtec’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.00 earnings per share. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. On average, analysts anticipate that Wabtec will post 8.54 EPS for the current year.

Wabtec Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Wells Fargo & Company started coverage on Wabtec in a research note on Thursday. They issued an “equal weight” rating and a $221.00 target price on the stock. Bank of America lifted their price objective on shares of Wabtec from $228.00 to $233.00 and gave the company a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. upped their target price on shares of Wabtec from $200.00 to $215.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a research note on Wednesday, October 8th. Finally, Susquehanna boosted their price objective on Wabtec from $235.00 to $240.00 and gave the stock a “positive” rating in a research report on Thursday, October 23rd. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $226.78.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Creative Planning raised its holdings in shares of Wabtec by 13.3% in the 3rd quarter. Creative Planning now owns 26,854 shares of the transportation company’s stock worth $5,383,000 after purchasing an additional 3,145 shares in the last quarter. SummitTX Capital L.P. acquired a new stake in shares of Wabtec during the 3rd quarter valued at $5,804,000. AQR Capital Management LLC boosted its stake in shares of Wabtec by 76.3% during the 3rd quarter. AQR Capital Management LLC now owns 1,229,270 shares of the transportation company’s stock worth $245,534,000 after acquiring an additional 532,121 shares in the last quarter. Zacks Investment Management grew its holdings in shares of Wabtec by 0.7% in the 3rd quarter. Zacks Investment Management now owns 20,781 shares of the transportation company’s stock worth $4,166,000 after acquiring an additional 151 shares during the last quarter. Finally, Credit Agricole S A acquired a new stake in shares of Wabtec during the third quarter worth $16,169,000. 91.69% of the stock is owned by institutional investors and hedge funds.

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.