Wabtec (NYSE:WAB – Get Free Report) insider Sameer Gaur sold 1,082 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $263.50, for a total transaction of $285,107.00. Following the transaction, the insider owned 11,985 shares in the company, valued at $3,158,047.50. The trade was a 8.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Wabtec Price Performance
NYSE WAB traded up $4.58 on Tuesday, reaching $273.47. 316,085 shares of the company’s stock traded hands, compared to its average volume of 906,778. Wabtec has a 12 month low of $184.26 and a 12 month high of $276.22. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.02 and a quick ratio of 0.54. The stock has a 50-day simple moving average of $262.92 and a 200 day simple moving average of $244.18. The stock has a market cap of $46.40 billion, a PE ratio of 38.68, a P/E/G ratio of 1.90 and a beta of 0.94.
Wabtec (NYSE:WAB – Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The transportation company reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.62 by $0.09. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. The business had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same period last year, the business earned $2.28 earnings per share. The business’s quarterly revenue was up 13.0% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. As a group, research analysts predict that Wabtec will post 10.61 earnings per share for the current year.
Wabtec Dividend Announcement
Institutional Investors Weigh In On Wabtec
A number of institutional investors and hedge funds have recently bought and sold shares of WAB. Norges Bank bought a new position in shares of Wabtec during the fourth quarter worth $409,039,000. Price T Rowe Associates Inc. MD boosted its position in shares of Wabtec by 20.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company’s stock worth $1,700,238,000 after acquiring an additional 1,344,744 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of Wabtec by 55.5% during the fourth quarter. Nordea Investment Management AB now owns 3,069,340 shares of the transportation company’s stock worth $659,939,000 after acquiring an additional 1,095,083 shares during the last quarter. Farallon Capital Management LLC boosted its position in shares of Wabtec by 68.6% during the third quarter. Farallon Capital Management LLC now owns 2,205,098 shares of the transportation company’s stock worth $442,056,000 after acquiring an additional 896,900 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Wabtec by 360.0% during the fourth quarter. Bank of Montreal Can now owns 885,197 shares of the transportation company’s stock worth $188,945,000 after acquiring an additional 692,773 shares during the last quarter. 91.69% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on WAB shares. Citigroup raised their price target on shares of Wabtec from $283.00 to $292.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. Wall Street Zen cut Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a research report on Monday, April 20th. Morgan Stanley reiterated an “overweight” rating and issued a $318.00 price target on shares of Wabtec in a research note on Monday, April 27th. Finally, Susquehanna reiterated a “positive” rating and issued a $305.00 price target on shares of Wabtec in a research note on Thursday, April 23rd. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $289.82.
Get Our Latest Stock Analysis on WAB
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.
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