Wabtec (NYSE:WAB) Shares Unloaded Rep. Robert Bresnahan, Jr.

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Wabtec NYSE: WAB. In a filing disclosed on June 09th, the Representative disclosed that they had sold between $1,001 and $15,000 in Wabtec stock on May 15th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Zoom Communications NASDAQ: ZM on 6/25/2025.
• Purchased $1,001 - $15,000 in shares of Coinbase Global NASDAQ: COIN on 6/24/2025.
• Purchased $1,001 - $15,000 in shares of Circle Internet Group NYSE: CRCL on 6/24/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 6/23/2025.
• Sold $1,001 - $15,000 in shares of Chubb NYSE: CB on 6/13/2025.
• Sold $1,001 - $15,000 in shares of Atlassian NASDAQ: TEAM on 6/11/2025.
• Purchased $1,001 - $15,000 in shares of ServiceTitan NASDAQ: TTAN on 6/11/2025.
• Sold $1,001 - $15,000 in shares of Datadog NASDAQ: DDOG on 6/11/2025.
• Sold $1,001 - $15,000 in shares of GitLab NASDAQ: GTLB on 6/11/2025.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 6/11/2025.

Wabtec Price Performance

Shares of Wabtec stock traded down $3.47 during trading on Friday, hitting $197.23. The stock had a trading volume of 1,993,901 shares, compared to its average volume of 1,047,795. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.34 and a quick ratio of 0.73. The firm has a market cap of $33.75 billion, a P/E ratio of 30.91, a PEG ratio of 1.53 and a beta of 1.12. The business has a fifty day moving average of $206.41 and a two-hundred day moving average of $194.12. Wabtec has a fifty-two week low of $147.66 and a fifty-two week high of $216.10.

Wabtec (NYSE:WAB - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The transportation company reported $2.27 earnings per share for the quarter, beating analysts' consensus estimates of $2.18 by $0.09. Wabtec had a return on equity of 13.35% and a net margin of 10.53%. The business had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same quarter last year, the company posted $1.96 EPS. Wabtec's revenue for the quarter was up 2.3% on a year-over-year basis. On average, sell-side analysts expect that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be paid a $0.25 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.00 annualized dividend and a dividend yield of 0.51%. Wabtec's payout ratio is 15.67%.

Insider Buying and Selling at Wabtec

In other Wabtec news, EVP Lilian Leroux sold 7,500 shares of Wabtec stock in a transaction on Monday, May 5th. The stock was sold at an average price of $192.19, for a total value of $1,441,425.00. Following the completion of the transaction, the executive vice president owned 13,755 shares in the company, valued at approximately $2,643,573.45. The trade was a 35.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Gina Trombley sold 4,299 shares of Wabtec stock in a transaction on Friday, June 13th. The shares were sold at an average price of $202.00, for a total value of $868,398.00. Following the completion of the transaction, the executive vice president owned 13,696 shares of the company's stock, valued at approximately $2,766,592. The trade was a 23.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 99,474 shares of company stock worth $19,283,505 over the last three months. 1.10% of the stock is currently owned by insiders.

Institutional Trading of Wabtec

A number of hedge funds have recently modified their holdings of WAB. Pacer Advisors Inc. lifted its position in shares of Wabtec by 2,220.1% in the 1st quarter. Pacer Advisors Inc. now owns 738,038 shares of the transportation company's stock worth $133,843,000 after acquiring an additional 706,227 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in shares of Wabtec by 56.3% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 778,156 shares of the transportation company's stock worth $162,907,000 after acquiring an additional 280,140 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in shares of Wabtec during the 2nd quarter worth approximately $32,547,000. BNP Paribas Financial Markets lifted its position in shares of Wabtec by 46.0% during the 1st quarter. BNP Paribas Financial Markets now owns 380,793 shares of the transportation company's stock worth $69,057,000 after buying an additional 120,057 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Wabtec during the 4th quarter worth approximately $22,509,000. Institutional investors own 91.69% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wall Street Zen raised Wabtec from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. JPMorgan Chase & Co. increased their price objective on Wabtec from $175.00 to $194.00 and gave the stock a "neutral" rating in a research note on Thursday, April 24th. Susquehanna increased their price objective on Wabtec from $210.00 to $235.00 and gave the stock a "positive" rating in a research note on Friday. KeyCorp reaffirmed an "overweight" rating and issued a $240.00 target price (up from $220.00) on shares of Wabtec in a research report on Tuesday, June 24th. Finally, Bank of America upped their target price on Wabtec from $231.00 to $236.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Wabtec has an average rating of "Moderate Buy" and a consensus target price of $221.00.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

Wabtec Company Profile

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.