Key Points
- Wabtec CFO John Olin sold 11,000 shares at an average price of $263.30 for proceeds of $2.896M, cutting his holding by 15.39% to 60,487 shares (SEC filing disclosed).
- Shareholder returns boosted: the company raised its quarterly dividend to $0.31 (from $0.25) and authorized a $1.2 billion buyback program to repurchase up to about 2.9% of outstanding shares.
- Solid quarterly results and guidance: Wabtec reported $2.10 EPS (beating estimates) and revenue of $2.97B (up 14.8% year-over-year), and set FY2026 guidance at $10.05–$10.45 EPS.
Wabtec (NYSE:WAB - Get Free Report) CFO John Olin sold 11,000 shares of Wabtec stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $263.30, for a total value of $2,896,300.00. Following the sale, the chief financial officer directly owned 60,487 shares of the company's stock, valued at approximately $15,926,227.10. This represents a 15.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Wabtec Stock Performance
Shares of WAB stock traded down $2.36 during mid-day trading on Thursday, reaching $260.45. The stock had a trading volume of 62,656 shares, compared to its average volume of 801,813. Wabtec has a 1-year low of $151.81 and a 1-year high of $266.27. The firm has a market cap of $44.41 billion, a price-to-earnings ratio of 38.21, a PEG ratio of 2.00 and a beta of 1.01. The company has a current ratio of 1.11, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38. The business's fifty day moving average is $233.99 and its 200-day moving average is $211.35.
Wabtec (NYSE:WAB - Get Free Report) last released its earnings results on Wednesday, February 11th. The transportation company reported $2.10 EPS for the quarter, topping 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 firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter in the previous year, the company posted $1.68 earnings per share. The company's revenue was up 14.8% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. On average, research analysts forecast that Wabtec will post 8.54 earnings per share for the current year.
Wabtec Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th will be issued a $0.31 dividend. This is an increase from Wabtec's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $1.24 annualized dividend and a dividend yield of 0.5%. Wabtec's payout ratio is currently 18.16%.
Wabtec announced that its board has authorized a share buyback program on Wednesday, February 11th that allows the company to repurchase $1.20 billion in outstanding shares. This repurchase authorization allows the transportation company to reacquire up to 2.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.
Analyst Upgrades and Downgrades
WAB has been the topic of several analyst reports. Wolfe Research raised Wabtec from a "peer perform" rating to an "outperform" rating and set a $245.00 price target on the stock in a research report on Thursday, January 8th. Bank of America upped their target price on Wabtec from $228.00 to $233.00 and gave the stock a "buy" rating in a research note on Thursday, November 13th. Citigroup raised their target price on Wabtec from $258.00 to $283.00 and gave the stock a "buy" rating in a report on Thursday, February 12th. Morgan Stanley reiterated an "overweight" rating and set a $315.00 price target on shares of Wabtec in a research report on Tuesday, February 17th. Finally, JPMorgan Chase & Co. boosted their price target on Wabtec from $215.00 to $245.00 and gave the company a "neutral" rating in a report on Wednesday, January 14th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $269.00.
Check Out Our Latest Report on WAB
Hedge Funds Weigh In On Wabtec
Large investors have recently bought and sold shares of the business. Colonial Trust Advisors boosted its position in Wabtec by 454.5% during the second quarter. Colonial Trust Advisors now owns 122 shares of the transportation company's stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Piscataqua Savings Bank raised its stake in shares of Wabtec by 12,800.0% during the 3rd quarter. Piscataqua Savings Bank now owns 129 shares of the transportation company's stock worth $26,000 after buying an additional 128 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its position 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 in the last quarter. Manchester Capital Management LLC grew its stake in Wabtec by 122.0% in the 4th quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company's stock valued at $28,000 after acquiring an additional 72 shares during the period. Finally, Motco increased its holdings in Wabtec by 6,600.0% in the 3rd quarter. Motco now owns 134 shares of the transportation company's stock worth $27,000 after acquiring an additional 132 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company's stock.
Wabtec Company Profile
(
Get Free Report)
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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