Michael Fetsko Sells 3,250 Shares of Wabtec (NYSE:WAB) Stock

Wabtec (NYSE:WABGet Free Report) insider Michael Fetsko sold 3,250 shares of Wabtec stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $293.22, for a total transaction of $952,965.00. Following the completion of the sale, the insider owned 37,380 shares of the company’s stock, valued at $10,960,563.60. This trade represents a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Wabtec Stock Performance

Shares of WAB stock traded up $2.04 during mid-day trading on Friday, reaching $294.35. The stock had a trading volume of 320,747 shares, compared to its average volume of 930,798. Wabtec has a 1-year low of $184.26 and a 1-year high of $306.64. The firm has a market cap of $49.72 billion, a price-to-earnings ratio of 39.56, a PEG ratio of 1.98 and a beta of 0.93. The company has a current ratio of 1.12, a quick ratio of 0.59 and a debt-to-equity ratio of 0.44. The business’s fifty day moving average is $279.54 and its 200-day moving average is $264.56.

Wabtec (NYSE:WABGet Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.60 by $0.16. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the prior year, the company earned $2.27 EPS. Wabtec’s quarterly revenue was up 17.5% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. On average, research analysts forecast that Wabtec will post 10.86 earnings per share for the current year.

Wabtec Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, August 18th. Wabtec’s dividend payout ratio (DPR) is 16.67%.

Wall Street Analysts Forecast Growth

WAB has been the topic of several recent research reports. KeyCorp upped their price target on shares of Wabtec from $308.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Stephens lifted their price objective on Wabtec from $320.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Susquehanna boosted their price objective on Wabtec from $305.00 to $340.00 and gave the company a “positive” rating in a report on Thursday, July 23rd. Wells Fargo & Company upped their target price on Wabtec from $284.00 to $315.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 23rd. Finally, Citigroup raised their target price on Wabtec from $311.00 to $341.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $313.36.

Read Our Latest Stock Analysis on Wabtec

Institutional Trading of Wabtec

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WAB. BlackRock Inc. acquired a new position in shares of Wabtec in the second quarter worth about $3,741,077,000. Norges Bank acquired a new stake in shares of Wabtec during the 4th quarter valued at about $409,039,000. Price T Rowe Associates Inc. MD grew its position in shares of Wabtec by 20.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company’s stock valued at $1,700,238,000 after acquiring an additional 1,344,744 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Wabtec in the 2nd quarter valued at about $212,692,000. Finally, Deutsche Bank AG purchased a new position in shares of Wabtec in the 2nd quarter valued at about $207,228,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wabtec Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Wabtec (NYSE:WAB)

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