Nalin Jain Sells 7,936 Shares of Wabtec (NYSE:WAB) Stock

Wabtec (NYSE:WAB) insider Nalin Jain sold 7,936 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $264.09, for a total value of $2,095,818.24. Following the transaction, the insider directly owned 6,364 shares in the company, valued at $1,680,668.76. The trade was a 55.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Wabtec Stock Performance

Shares of WAB stock traded up $1.36 during trading on Thursday, reaching $264.17. The company had a trading volume of 390,461 shares, compared to its average volume of 810,953. Wabtec has a one year low of $151.81 and a one year high of $266.27. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.11 and a quick ratio of 0.57. The company has a market capitalization of $45.05 billion, a PE ratio of 38.71, a PEG ratio of 2.00 and a beta of 1.01. The firm’s 50 day simple moving average is $233.99 and its two-hundred day simple moving average is $211.35.

Wabtec (NYSE:WAB) last issued its earnings results on Wednesday, February 11th. The transportation company reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.02. Wabtec had a return on equity of 14.12% and a net margin of 10.48%.The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.86 billion. During the same period in the prior year, the company posted $1.68 earnings per share. Wabtec’s revenue was up 14.8% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. Sell-side analysts forecast that Wabtec will post 8.54 earnings per share for the current year.

Wabtec Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 17th will be given a $0.31 dividend. The ex-dividend date is Tuesday, February 17th. This is a positive change from Wabtec’s previous quarterly dividend of $0.25. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. Wabtec’s dividend payout ratio is 18.16%.

Wabtec declared that its Board of Directors has authorized a stock buyback plan on Wednesday, February 11th that allows the company to repurchase $1.20 billion in outstanding shares. This repurchase authorization allows the transportation company to purchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Wabtec

Institutional investors and hedge funds have recently made changes to their positions in the business. Hilltop Holdings Inc. lifted its holdings in shares of Wabtec by 3.9% in the fourth quarter. Hilltop Holdings Inc. now owns 1,069 shares of the transportation company’s stock worth $228,000 after buying an additional 40 shares in the last quarter. CI Investments Inc. raised its stake in shares of Wabtec by 6.1% during the third quarter. CI Investments Inc. now owns 865 shares of the transportation company’s stock valued at $173,000 after acquiring an additional 50 shares in the last quarter. IHT Wealth Management LLC grew its position in shares of Wabtec by 1.0% during the 4th quarter. IHT Wealth Management LLC now owns 4,856 shares of the transportation company’s stock worth $1,037,000 after buying an additional 50 shares in the last quarter. Carnegie Investment Counsel grew its holdings in Wabtec by 2.6% during the 4th quarter. Carnegie Investment Counsel now owns 2,051 shares of the transportation company’s stock worth $438,000 after acquiring an additional 51 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its position in Wabtec by 7.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 797 shares of the transportation company’s stock valued at $167,000 after purchasing an additional 54 shares during the period. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on WAB. KeyCorp upped their price target on shares of Wabtec from $240.00 to $308.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a research note on Wednesday, January 21st. Wall Street Zen downgraded shares of Wabtec from a “buy” rating to a “hold” rating in a research report on Sunday. Bank of America upped their price objective on shares of Wabtec from $228.00 to $233.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Wabtec from $215.00 to $245.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Wabtec has an average rating of “Moderate Buy” and a consensus price target of $269.00.

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.