Wabtec (NYSE:WAB – Get Free Report) EVP Gregory Sbrocco sold 952 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $300.00, for a total transaction of $285,600.00. Following the completion of the transaction, the executive vice president directly owned 21,043 shares in the company, valued at approximately $6,312,900. This represents a 4.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Wabtec Stock Down 1.8%
Shares of NYSE WAB opened at $295.34 on Wednesday. The stock has a market cap of $49.89 billion, a PE ratio of 39.70, a P/E/G ratio of 2.03 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. Wabtec has a 12-month low of $184.26 and a 12-month high of $306.64. The company has a 50-day moving average of $278.22 and a 200 day moving average of $263.70.
Wabtec (NYSE:WAB – Get Free Report) last issued its 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 return on equity of 15.10% and a net margin of 10.59%.The business had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same period in the previous year, the firm posted $2.27 EPS. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. As a group, sell-side analysts predict that Wabtec will post 10.86 EPS for the current fiscal year.
Wabtec Dividend Announcement
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the stock. Welch & Forbes LLC lifted its holdings in shares of Wabtec by 1.8% during the second quarter. Welch & Forbes LLC now owns 2,050 shares of the transportation company’s stock worth $553,000 after purchasing an additional 36 shares during the period. Meeder Advisory Services Inc. increased its stake in Wabtec by 1.6% in the 1st quarter. Meeder Advisory Services Inc. now owns 2,471 shares of the transportation company’s stock valued at $618,000 after buying an additional 38 shares during the period. Hilltop Holdings Inc. raised its position in Wabtec by 3.9% during the 4th quarter. Hilltop Holdings Inc. now owns 1,069 shares of the transportation company’s stock worth $228,000 after buying an additional 40 shares during the last quarter. L2 Asset Management LLC raised its position in Wabtec by 5.0% during the 2nd quarter. L2 Asset Management LLC now owns 960 shares of the transportation company’s stock worth $259,000 after buying an additional 46 shares during the last quarter. Finally, Apollon Wealth Management LLC lifted its stake in shares of Wabtec by 1.6% in the 1st quarter. Apollon Wealth Management LLC now owns 3,081 shares of the transportation company’s stock worth $770,000 after acquiring an additional 48 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.
Analyst Upgrades and Downgrades
WAB has been the subject of several recent analyst reports. Susquehanna raised their price objective on shares of Wabtec from $305.00 to $340.00 and gave the stock a “positive” rating in a research report on Thursday, July 23rd. KeyCorp raised their price target on shares of Wabtec from $308.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Wall Street Zen lowered shares of Wabtec from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Stephens upped their price objective on Wabtec from $320.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Finally, Citigroup increased their price objective on Wabtec from $311.00 to $341.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $313.36.
Read Our Latest Report on Wabtec
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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