Wabtec (NYSE:WAB) EVP Sells $493,938.48 in Stock

Wabtec (NYSE:WAB) EVP Gregory Sbrocco sold 2,424 shares of the business’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $203.77, for a total transaction of $493,938.48. Following the completion of the sale, the executive vice president directly owned 15,405 shares in the company, valued at approximately $3,139,076.85. This represents a 13.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Gregory Sbrocco also recently made the following trade(s):

• On Thursday, October 23rd, Gregory Sbrocco sold 2,953 shares of Wabtec stock. The stock was sold at an average price of $195.43, for a total transaction of $577,104.79.

Wabtec Trading Up 0.3%

Shares of WAB traded up $0.52 during mid-day trading on Monday, reaching $204.96. 1,246,902 shares of the company were exchanged, compared to its average volume of 1,063,755. The business has a 50 day simple moving average of $194.97 and a two-hundred day simple moving average of $197.30. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.75 and a current ratio of 1.42. The stock has a market capitalization of $35.04 billion, a PE ratio of 29.79, a PEG ratio of 1.55 and a beta of 1.10. Wabtec has a 52 week low of $151.81 and a 52 week high of $216.10.

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

Wabtec Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a research report on Wednesday, October 8th. Morgan Stanley boosted their price objective on Wabtec from $220.00 to $226.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Wall Street Zen lowered Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Susquehanna raised their target price on Wabtec from $235.00 to $240.00 and gave the stock a “positive” rating in a research note on Thursday, October 23rd. Finally, Citigroup assumed coverage on Wabtec in a report on Monday, September 22nd. They issued a “buy” rating and a $225.00 target price for the company. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $225.38.

Institutional Trading of Wabtec

Institutional investors and hedge funds have recently made changes to their positions in the company. PFS Partners LLC boosted its holdings in Wabtec by 70.4% during the second quarter. PFS Partners LLC now owns 121 shares of the transportation company’s stock worth $25,000 after purchasing an additional 50 shares during the last quarter. Colonial Trust Advisors grew its position in Wabtec by 454.5% in the 2nd quarter. Colonial Trust Advisors now owns 122 shares of the transportation company’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Piscataqua Savings Bank grew its position in Wabtec by 12,800.0% in the 3rd quarter. Piscataqua Savings Bank now owns 129 shares of the transportation company’s stock worth $26,000 after purchasing an additional 128 shares in the last quarter. Motco grew its position in Wabtec by 6,600.0% in the 3rd quarter. Motco now owns 134 shares of the transportation company’s stock worth $27,000 after purchasing an additional 132 shares in the last quarter. Finally, Salomon & Ludwin LLC grew its position in Wabtec by 370.6% in the 3rd quarter. Salomon & Ludwin LLC now owns 160 shares of the transportation company’s stock worth $32,000 after purchasing an additional 126 shares in the last quarter. Hedge funds and other 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.