Insider Selling: Wabtec (NYSE:WAB) CTO Sells $2,124,817.00 in Stock

Wabtec (NYSE:WAB) CTO Eric Gebhardt sold 7,100 shares of Wabtec stock in a transaction on Friday, July 24th. The shares were sold at an average price of $299.27, for a total transaction of $2,124,817.00. Following the completion of the transaction, the chief technology officer owned 19,153 shares in the company, valued at approximately $5,731,918.31. This trade represents a 27.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Wabtec Stock Up 0.3%

Shares of Wabtec stock opened at $292.52 on Friday. The company has a market cap of $49.41 billion, a P/E ratio of 39.32, a PEG ratio of 1.98 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 has a one year low of $184.26 and a one year high of $306.64. The firm has a fifty day moving average of $269.02 and a two-hundred day moving average of $257.59.

Wabtec (NYSE:WAB) last posted its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share (EPS) 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 firm had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same period in the prior year, the company posted $2.27 earnings per share. The firm’s revenue for the quarter 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, analysts forecast that Wabtec will post 10.86 earnings per share for the current year.

Wabtec Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, August 18th. Wabtec’s dividend payout ratio is currently 16.67%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. increased its holdings in Wabtec by 5.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 85,485 shares of the transportation company’s stock valued at $18,247,000 after acquiring an additional 4,266 shares in the last quarter. Azzad Asset Management Inc. ADV lifted its holdings in shares of Wabtec by 47.7% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 8,710 shares of the transportation company’s stock valued at $1,859,000 after purchasing an additional 2,811 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Wabtec by 24,274.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 323,936 shares of the transportation company’s stock valued at $69,144,000 after purchasing an additional 322,607 shares in the last quarter. Exchange Traded Concepts LLC grew its position in shares of Wabtec by 897.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 15,502 shares of the transportation company’s stock valued at $3,309,000 after purchasing an additional 13,948 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Wabtec by 16.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 925,021 shares of the transportation company’s stock worth $197,446,000 after purchasing an additional 132,091 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Stephens boosted their target price on shares of Wabtec from $320.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a report on Friday, July 17th. Susquehanna raised their price objective on shares of Wabtec from $305.00 to $340.00 and gave the company a “positive” rating in a research note on Thursday, July 23rd. Citigroup decreased their price objective on shares of Wabtec from $313.00 to $311.00 and set a “buy” rating on the stock in a report on Monday, July 13th. Finally, Morgan Stanley increased their target price on shares of Wabtec from $318.00 to $355.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Ten investment 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.com, the company has a consensus rating of “Moderate Buy” and an average price target of $310.64.

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.