Insider Selling: Wabtec (NYSE:WAB) EVP Sells 952 Shares

Key Points

• Wabtec EVP Gregory Sbrocco sold 952 shares at an average price of $300, generating $285,600. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his holdings by 4.33% to 21,043 shares.
• Wabtec shares fell 2.1% to $294.43, despite the company recently beating quarterly earnings and revenue estimates. Wabtec reported $2.76 in quarterly EPS on $3.18 billion in revenue, with revenue up 17.5% year over year.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $313.36. The company also declared a quarterly dividend of $0.31 per share, equivalent to a 0.4% yield.

Wabtec (NYSE:WAB - Get Free Report) EVP Gregory Sbrocco sold 952 shares of the business's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $300.00, for a total transaction of $285,600.00. Following the completion of the transaction, the executive vice president directly owned 21,043 shares of the company's stock, valued at $6,312,900. The trade was a 4.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wabtec Trading Down 2.1%

Shares of WAB traded down $6.22 on Tuesday, hitting $294.43. 497,776 shares of the stock traded hands, compared to its average volume of 932,119. Wabtec has a 1 year low of $184.26 and a 1 year high of $306.64. The stock's 50 day moving average is $277.63 and its two-hundred day moving average is $263.23. The firm has a market capitalization of $49.73 billion, a P/E ratio of 39.60, a P/E/G ratio of 2.03 and a beta of 0.93. The company has a quick ratio of 0.59, a current ratio of 1.12 and a debt-to-equity ratio of 0.44.

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

Wabtec Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be paid a $0.31 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $1.24 annualized dividend and a dividend yield of 0.4%. Wabtec's payout ratio is 16.67%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WAB. Stephens raised their price target 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. Susquehanna upped their price target on shares of Wabtec from $305.00 to $340.00 and gave the company a "positive" rating in a report on Thursday, July 23rd. Wolfe Research reiterated an "outperform" rating and set a $303.00 price objective on shares of Wabtec in a research note on Thursday, April 23rd. Wall Street Zen lowered shares of Wabtec from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Wabtec from $300.00 to $315.00 and gave the stock a "neutral" rating in a research report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $313.36.

Institutional Trading of Wabtec

Institutional investors have recently added to or reduced their stakes in the business. Guggenheim Capital LLC lifted its position in shares of Wabtec by 7.4% in the 2nd quarter. Guggenheim Capital LLC now owns 4,938 shares of the transportation company's stock worth $1,034,000 after buying an additional 342 shares during the last quarter. Bank of Nova Scotia boosted its stake in Wabtec by 0.5% in the second quarter. Bank of Nova Scotia now owns 17,890 shares of the transportation company's stock valued at $3,745,000 after acquiring an additional 97 shares during the period. Nebula Research & Development LLC grew its holdings in shares of Wabtec by 208.7% during the second quarter. Nebula Research & Development LLC now owns 5,386 shares of the transportation company's stock valued at $1,128,000 after purchasing an additional 3,641 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of Wabtec by 11.6% during the second quarter. Treasurer of the State of North Carolina now owns 92,097 shares of the transportation company's stock valued at $19,281,000 after purchasing an additional 9,545 shares during the last quarter. Finally, Ieq Capital LLC raised its position in shares of Wabtec by 19.2% during the 2nd quarter. Ieq Capital LLC now owns 30,352 shares of the transportation company's stock worth $6,354,000 after purchasing an additional 4,889 shares during the period. Institutional investors own 91.69% of the company's stock.

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.

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