Key Points
- Insider sale: Wabtec insider Sameer Gaur sold 1,082 shares on June 12 at an average price of $263.50, totaling about $285,107. After the sale, he still owned 11,985 shares.
- Company performance: Wabtec recently reported quarterly EPS of $2.71, beating analyst expectations, while revenue rose 13% year over year to $2.95 billion despite coming in below estimates.
- Wall Street view: Analysts remain upbeat on the stock, with 10 Buy ratings and a consensus Moderate Buy rating. The average price target stands at about $289.82, above the recent trading level.
Wabtec (NYSE:WAB - Get Free Report) insider Sameer Gaur sold 1,082 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $263.50, for a total transaction of $285,107.00. Following the completion of the sale, the insider owned 11,985 shares in the company, valued at approximately $3,158,047.50. This trade represents a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Wabtec Trading Up 1.3%
WAB opened at $272.26 on Wednesday. The firm's fifty day moving average is $263.29 and its two-hundred day moving average is $244.63. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.54 and a current ratio of 1.02. The firm has a market cap of $46.20 billion, a PE ratio of 38.51, a price-to-earnings-growth ratio of 1.92 and a beta of 0.94. Wabtec has a twelve month low of $184.26 and a twelve month high of $276.22.
Wabtec (NYSE:WAB - Get Free Report) last posted its earnings results on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.62 by $0.09. The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $3.08 billion. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. The business's revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period last year, the business posted $2.28 earnings per share. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. Equities research analysts anticipate that Wabtec will post 10.61 EPS for the current year.
Wabtec Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Friday, May 22nd were issued a $0.31 dividend. The ex-dividend date was Friday, May 22nd. This represents a $1.24 annualized dividend and a yield of 0.5%. Wabtec's dividend payout ratio (DPR) is 17.54%.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on WAB shares. Rothschild & Co Redburn raised shares of Wabtec from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $262.00 to $285.00 in a research report on Thursday, March 26th. Jefferies Financial Group reissued a "buy" rating and set a $290.00 price objective (down from $300.00) on shares of Wabtec in a research report on Tuesday, March 31st. Susquehanna reissued a "positive" rating and set a $305.00 price objective on shares of Wabtec in a research report on Thursday, April 23rd. Weiss Ratings reissued a "buy (b)" rating on shares of Wabtec in a research report on Monday, April 20th. Finally, Morgan Stanley reissued an "overweight" rating and set a $318.00 price objective on shares of Wabtec in a research report on Monday, April 27th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Wabtec presently has a consensus rating of "Moderate Buy" and a consensus price target of $289.82.
View Our Latest Analysis on WAB
Institutional Investors Weigh In On Wabtec
Several large investors have recently made changes to their positions in WAB. Price T Rowe Associates Inc. MD grew its position in Wabtec by 20.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company's stock valued at $1,700,238,000 after purchasing an additional 1,344,744 shares in the last quarter. State Street Corp grew its position in Wabtec by 2.6% in the fourth quarter. State Street Corp now owns 7,658,040 shares of the transportation company's stock valued at $1,634,609,000 after purchasing an additional 197,610 shares in the last quarter. Geode Capital Management LLC grew its position in Wabtec by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 4,366,157 shares of the transportation company's stock valued at $928,249,000 after purchasing an additional 38,029 shares in the last quarter. Wellington Management Group LLP grew its position in Wabtec by 3.6% in the third quarter. Wellington Management Group LLP now owns 3,304,183 shares of the transportation company's stock valued at $662,390,000 after purchasing an additional 116,329 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in Wabtec by 55.5% in the fourth quarter. Nordea Investment Management AB now owns 3,069,340 shares of the transportation company's stock valued at $659,939,000 after purchasing an additional 1,095,083 shares in the last quarter. Institutional investors own 91.69% of the company's stock.
About Wabtec
(
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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