Wabtec (NYSE:WAB) Insider Pascal Schweitzer Sells 3,000 Shares of Stock

Wabtec (NYSE:WAB) insider Pascal Schweitzer sold 3,000 shares of the company’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $208.07, for a total transaction of $624,210.00. Following the completion of the transaction, the insider owned 4,955 shares of the company’s stock, valued at $1,030,986.85. This trade represents a 37.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Wabtec Trading Up 0.9%

Shares of WAB opened at $209.73 on Thursday. Wabtec has a 1-year low of $151.81 and a 1-year 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 firm’s 50-day moving average price is $197.04 and its 200-day moving average price is $198.86. The firm has a market capitalization of $35.85 billion, a price-to-earnings ratio of 30.48, a PEG ratio of 1.55 and a beta of 1.09.

Wabtec (NYSE:WAB) last released its quarterly earnings results on Wednesday, October 22nd. The transportation company reported $2.32 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.88 billion. During the same period in the prior year, the firm earned $2.00 earnings per share. Wabtec’s revenue was up 8.4% on a year-over-year basis. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. Sell-side analysts anticipate that Wabtec will post 8.54 EPS for the current year.

Wabtec Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be paid 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%.

Hedge Funds Weigh In On Wabtec

A number of hedge funds have recently bought and sold shares of the company. PFS Partners LLC grew its position in Wabtec by 70.4% during the 2nd quarter. PFS Partners LLC now owns 121 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 50 shares during the last quarter. Colonial Trust Advisors lifted its stake in shares of Wabtec by 454.5% in the second quarter. Colonial Trust Advisors now owns 122 shares of the transportation company’s stock worth $26,000 after buying an additional 100 shares in the last quarter. Piscataqua Savings Bank grew its holdings in shares of Wabtec by 12,800.0% during the third quarter. Piscataqua Savings Bank now owns 129 shares of the transportation company’s stock valued at $26,000 after buying an additional 128 shares during the last quarter. Motco increased its position in shares of Wabtec by 6,600.0% during the third quarter. Motco now owns 134 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 132 shares in the last quarter. Finally, Salomon & Ludwin LLC increased its position in shares of Wabtec by 370.6% during the third quarter. Salomon & Ludwin LLC now owns 160 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 126 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

Analyst Ratings Changes

WAB has been the topic of several research reports. Susquehanna lifted their price target on Wabtec from $235.00 to $240.00 and gave the company a “positive” rating in a research report on Thursday, October 23rd. Morgan Stanley boosted their target price on shares of Wabtec from $220.00 to $226.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Wall Street Zen lowered shares of Wabtec from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. lifted their price target on shares of Wabtec from $200.00 to $215.00 and gave the company a “neutral” rating in a research report on Tuesday, October 14th. Finally, Citigroup began coverage on shares of Wabtec in a report on Monday, September 22nd. They issued a “buy” rating and a $225.00 price objective on the stock. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Wabtec has an average rating of “Moderate Buy” and a consensus target price of $225.38.

About Wabtec

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.