Key Points
- Insider sale: Michael Fetsko sold 5,058 Wabtec shares on Dec. 12 at an average $215.72 for about $1.09M, trimming his stake by 12.06% to 36,882 shares (valued ~ $7.96M).
- Recent results: Wabtec reported Q earnings of $2.32 EPS (vs. $2.28 est.) and $2.89B revenue (up 8.4% YoY), and issued FY2025 guidance of 8.850–9.050 EPS.
- Market context: Analysts have a consensus Moderate Buy rating with a $226.78 target, institutional investors own ~91.7% of the stock, and Wabtec pays a $1.00 annual dividend (0.5% yield).
Wabtec (NYSE:WAB - Get Free Report) insider Michael Fetsko sold 5,058 shares of the firm's stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $215.72, for a total transaction of $1,091,111.76. Following the completion of the sale, the insider owned 36,882 shares in the company, valued at $7,956,185.04. This represents a 12.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Wabtec Stock Up 0.6%
Shares of NYSE:WAB opened at $215.69 on Tuesday. Wabtec has a 52-week low of $151.81 and a 52-week high of $220.89. The company has a market capitalization of $36.87 billion, a PE ratio of 31.35, a price-to-earnings-growth ratio of 1.65 and a beta of 0.99. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.75 and a current ratio of 1.42. The company has a fifty day moving average of $203.51 and a 200-day moving average of $200.64.
Wabtec (NYSE:WAB - Get Free Report) last issued its quarterly earnings data on Wednesday, October 22nd. The transportation company reported $2.32 earnings per share for the quarter, topping analysts' consensus estimates of $2.28 by $0.04. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.88 billion. Wabtec had a return on equity of 13.84% and a net margin of 10.94%.Wabtec's quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.00 EPS. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. On average, equities analysts predict that Wabtec will post 8.54 EPS for the current fiscal year.
Wabtec Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, November 12th. Wabtec's payout ratio is presently 14.53%.
Analyst Upgrades and Downgrades
WAB has been the subject of several analyst reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Wabtec in a research note on Wednesday, October 8th. Wells Fargo & Company assumed coverage on Wabtec in a report on Thursday, November 13th. They issued an "equal weight" rating and a $221.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on Wabtec from $200.00 to $215.00 and gave the stock a "neutral" rating in a report on Tuesday, October 14th. Susquehanna upped their price target on Wabtec from $235.00 to $240.00 and gave the company a "positive" rating in a research report on Thursday, October 23rd. Finally, Bank of America raised their price objective on Wabtec from $228.00 to $233.00 and gave the stock a "buy" rating in a research report on Thursday, November 13th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Wabtec presently has a consensus rating of "Moderate Buy" and a consensus target price of $226.78.
Read Our Latest Stock Report on Wabtec
Institutional Trading of Wabtec
A number of large investors have recently bought and sold shares of WAB. Empowered Funds LLC grew its stake in shares of Wabtec by 240.8% during the 2nd quarter. Empowered Funds LLC now owns 15,924 shares of the transportation company's stock worth $3,334,000 after acquiring an additional 11,252 shares during the period. Varenne Capital Partners lifted its holdings in Wabtec by 39.5% during the second quarter. Varenne Capital Partners now owns 277,078 shares of the transportation company's stock valued at $58,006,000 after purchasing an additional 78,394 shares during the last quarter. Mediolanum International Funds Ltd bought a new position in Wabtec during the second quarter worth about $8,201,000. Quantbot Technologies LP bought a new stake in shares of Wabtec in the second quarter valued at approximately $9,371,000. Finally, Neuberger Berman Group LLC lifted its stake in shares of Wabtec by 5.2% during the 2nd quarter. Neuberger Berman Group LLC now owns 229,233 shares of the transportation company's stock valued at $47,990,000 after buying an additional 11,406 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.
Wabtec Company Profile
(
Get Free Report)
Westinghouse Air Brake Technologies Corporation, together with its subsidiaries, provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It offers diesel-electric, battery, and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products.
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