Insider Selling: Wabtec (NYSE:WAB) Insider Sells 3,250 Shares

Key Points

• Insider sale: Michael Fetsko sold 3,250 Wabtec shares for approximately $953,000, reducing his position by 8% while retaining 37,380 shares.
• Strong operating results: Wabtec reported quarterly revenue of $3.18 billion and earnings of $2.76 per share, exceeding analyst estimates; revenue increased 17.5% year over year.
• Positive analyst outlook: Wabtec has a “Moderate Buy” consensus rating, with an average price target of $313.36 versus a recent share price of $294.35. The company also announced a quarterly dividend of $0.31 per share.

Wabtec (NYSE:WAB - Get Free Report) insider Michael Fetsko sold 3,250 shares of Wabtec stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $293.22, for a total transaction of $952,965.00. Following the completion of the transaction, the insider owned 37,380 shares of the company's stock, valued at $10,960,563.60. The trade was a 8.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Wabtec Price Performance

Shares of WAB traded up $2.04 during mid-day trading on Friday, reaching $294.35. 320,747 shares of the stock traded hands, compared to its average volume of 930,798. The firm has a fifty day moving average price of $279.54 and a 200 day moving average price of $264.56. The company has a market cap of $49.72 billion, a price-to-earnings ratio of 39.56, a price-to-earnings-growth ratio of 1.98 and a beta of 0.93. The company has a current ratio of 1.12, a quick ratio of 0.59 and a debt-to-equity ratio of 0.44. Wabtec has a 1 year low of $184.26 and a 1 year high of $306.64.

Wabtec (NYSE:WAB - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.60 by $0.16. The company had revenue of $3.18 billion for the quarter, compared to analysts' expectations of $3.07 billion. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. Wabtec's revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period in the prior 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, equities research analysts predict that Wabtec will post 10.86 earnings per share for the current year.

Wabtec Dividend Announcement

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

Institutional Investors Weigh In On Wabtec

Several institutional investors and hedge funds have recently made changes to their positions in the company. Welch & Forbes LLC boosted its stake in Wabtec by 1.8% in the second quarter. Welch & Forbes LLC now owns 2,050 shares of the transportation company's stock valued at $553,000 after acquiring an additional 36 shares in the last quarter. Meeder Advisory Services Inc. lifted its holdings in shares of Wabtec by 1.6% during the 1st quarter. Meeder Advisory Services Inc. now owns 2,471 shares of the transportation company's stock valued at $618,000 after purchasing an additional 38 shares during the last quarter. Legacy Financial Advisors Inc. boosted its position in shares of Wabtec by 3.4% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 1,141 shares of the transportation company's stock worth $308,000 after purchasing an additional 38 shares in the last quarter. Hilltop Holdings Inc. grew its stake in Wabtec by 3.9% during the 4th quarter. Hilltop Holdings Inc. now owns 1,069 shares of the transportation company's stock worth $228,000 after buying an additional 40 shares during the last quarter. Finally, L2 Asset Management LLC grew its stake in Wabtec by 5.0% during the 2nd quarter. L2 Asset Management LLC now owns 960 shares of the transportation company's stock worth $259,000 after buying an additional 46 shares during the last quarter. Institutional investors own 91.69% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on WAB shares. Morgan Stanley upped their price target on Wabtec from $318.00 to $355.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Stephens raised their price target on Wabtec from $320.00 to $330.00 and gave the stock an "overweight" rating in a research note on Thursday, July 23rd. Weiss Ratings reiterated a "buy (b)" rating on shares of Wabtec in a report on Friday, July 17th. Wells Fargo & Company raised their target price on shares of Wabtec from $284.00 to $315.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 23rd. Finally, KeyCorp boosted their price target on shares of Wabtec from $308.00 to $340.00 and gave the company an "overweight" 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 company's stock. According to MarketBeat.com, Wabtec presently has an average rating of "Moderate Buy" and an average target price of $313.36.

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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