David Deninno Sells 3,000 Shares of Wabtec (NYSE:WAB) Stock

Wabtec (NYSE:WAB) VP David Deninno sold 3,000 shares of the stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $301.31, for a total transaction of $903,930.00. Following the transaction, the vice president owned 55,128 shares in the company, valued at approximately $16,610,617.68. The trade was a 5.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Wabtec Price Performance

Wabtec stock opened at $292.04 on Thursday. Wabtec has a 1 year low of $184.26 and a 1 year high of $306.64. The firm has a 50 day moving average price of $268.27 and a 200 day moving average price of $257.11. The company has a market cap of $49.33 billion, a price-to-earnings ratio of 39.25, a PEG ratio of 2.07 and a beta of 0.94. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.59 and a current ratio of 1.12.

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

Wabtec Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be given a $0.31 dividend. 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%.

Analyst Upgrades and Downgrades

WAB has been the subject of a number of research reports. Stephens boosted their price target on Wabtec from $320.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Morgan Stanley lifted their price objective on Wabtec from $318.00 to $355.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Susquehanna increased their target price 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. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a report on Friday, July 17th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $303.00 price target on shares of Wabtec in a research report on Thursday, April 23rd. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $310.64.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in WAB. Whipplewood Advisors LLC purchased a new stake in shares of Wabtec in the first quarter worth about $25,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Wabtec by 125.9% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock valued at $28,000 after buying an additional 73 shares during the period. Manchester Capital Management LLC raised its holdings in shares of Wabtec by 122.0% during the 4th quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock valued at $28,000 after buying an additional 72 shares during the period. McMillan Office Inc. acquired a new position in Wabtec during the 4th quarter worth approximately $31,000. Finally, Reflection Asset Management purchased a new position in Wabtec in the 4th quarter worth approximately $35,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

About Wabtec

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.