Wabtec (NYSE:WAB) Shares Acquired Rep. Rick Larsen

Key Points

• Rep. Rick Larsen disclosed an April 7 purchase of between $1,001 and $15,000 in Wabtec (NYSE:WAB) shares held in his RICHARD R LARSEN IRA, filing dated April 15.
• Wabtec reported a slight quarterly earnings beat with revenue up 14.8% year-over-year, set FY2026 guidance of $10.05–$10.45 EPS, raised its quarterly dividend to $0.31, and authorized a $1.2 billion share buyback (about 2.9% of shares).
• Insider activity shows notable sales recently: the CEO sold 60,852 shares and the CFO sold 11,000 shares, with insiders offloading 92,364 shares worth roughly $24.5 million over the past 90 days.

Representative Rick Larsen (Democratic-Washington) recently bought shares of Wabtec NYSE: WAB. In a filing disclosed on April 15th, the Representative disclosed that they had bought between $1,001 and $15,000 in Wabtec stock on April 7th. The trade occurred in the Representative's "RICHARD R LARSEN IRA" account.

Representative Rick Larsen also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Broadridge Financial Solutions NYSE: BR on 4/7/2026.
• Sold $1,001 - $15,000 in shares of American Water Works NYSE: AWK on 4/7/2026.
• Sold $1,001 - $15,000 in shares of Paychex NASDAQ: PAYX on 4/7/2026.
• Purchased $1,001 - $15,000 in shares of NextEra Energy NYSE: NEE on 4/7/2026.
• Sold $1,001 - $15,000 in shares of American Express NYSE: AXP on 4/7/2026.
• Purchased $1,001 - $15,000 in shares of Carrier Global NYSE: CARR on 4/7/2026.
• Sold $1,001 - $15,000 in shares of Sonida Senior Living NYSE: SNDA on 4/7/2026.
• Purchased $1,001 - $15,000 in shares of Casey's General Stores NASDAQ: CASY on 4/7/2026.

Wabtec Stock Down 0.8%

Shares of WAB opened at $255.45 on Friday. Wabtec has a 1 year low of $165.17 and a 1 year high of $275.84. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.11 and a quick ratio of 0.57. The stock has a 50 day simple moving average of $253.00 and a two-hundred day simple moving average of $226.06. The firm has a market cap of $43.47 billion, a P/E ratio of 37.40, a P/E/G ratio of 1.94 and a beta of 0.99.

Wabtec (NYSE:WAB - Get Free Report) last posted its quarterly earnings results on Wednesday, February 11th. The transportation company reported $2.10 EPS for the quarter, topping the consensus estimate of $2.08 by $0.02. Wabtec had a net margin of 10.48% and a return on equity of 14.12%. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.86 billion. During the same period last year, the firm posted $1.68 earnings per share. The business'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, analysts forecast that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Tuesday, February 17th. This is a positive change from Wabtec's previous quarterly dividend of $0.25. Wabtec's dividend payout ratio is presently 18.16%.

Wabtec announced that its Board of Directors has initiated a stock buyback program on Wednesday, February 11th that permits the company to repurchase $1.20 billion in shares. This repurchase authorization permits the transportation company to buy up to 2.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Stephens lifted their target price on shares of Wabtec from $230.00 to $290.00 and gave the stock an "overweight" rating in a research report on Thursday, February 12th. Weiss Ratings restated a "buy (b)" rating on shares of Wabtec in a research report on Wednesday, January 21st. Wall Street Zen cut Wabtec from a "buy" rating to a "hold" rating in a research note on Saturday, March 14th. Wells Fargo & Company lifted their price objective on Wabtec from $224.00 to $270.00 and gave the stock an "equal weight" rating in a report on Friday, February 13th. Finally, Morgan Stanley restated an "overweight" rating and set a $315.00 target price on shares of Wabtec in a report on Tuesday, February 17th. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Wabtec has a consensus rating of "Moderate Buy" and an average target price of $275.75.

Institutional Investors Weigh In On Wabtec

Several institutional investors have recently added to or reduced their stakes in WAB. SG Americas Securities LLC increased its position in shares of Wabtec by 35.3% in the first quarter. SG Americas Securities LLC now owns 206,116 shares of the transportation company's stock valued at $51,510,000 after acquiring an additional 53,819 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in shares of Wabtec by 64.8% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 33,530 shares of the transportation company's stock valued at $8,379,000 after acquiring an additional 13,180 shares during the last quarter. Strong Tower Advisory Services boosted its holdings in shares of Wabtec by 3.6% during the first quarter. Strong Tower Advisory Services now owns 4,923 shares of the transportation company's stock worth $1,230,000 after purchasing an additional 171 shares during the period. Sky Investment Group LLC boosted its holdings in shares of Wabtec by 15.7% during the first quarter. Sky Investment Group LLC now owns 1,417 shares of the transportation company's stock worth $354,000 after purchasing an additional 192 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Wabtec by 328.6% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 42,029 shares of the transportation company's stock worth $10,503,000 after purchasing an additional 32,223 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company's stock.

Insider Activity at Wabtec

In other news, CFO John A. Olin sold 11,000 shares of Wabtec stock in a transaction that occurred on 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 in the company, valued at approximately $15,926,227.10. This trade represents a 15.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rafael Santana sold 60,852 shares of the business's stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $268.89, for a total value of $16,362,494.28. Following the transaction, the chief executive officer directly owned 128,729 shares in the company, valued at $34,613,940.81. This trade represents a 32.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 92,364 shares of company stock worth $24,522,522 over the last 90 days. 0.57% of the stock is owned by insiders.

About Representative Larsen

Rick Larsen (Democratic Party) is a member of the U.S. House, representing Washington's 2nd Congressional District. He assumed office on January 3, 2001. His current term ends on January 3, 2027. Larsen (Democratic Party) is running for re-election to the U.S. House to represent Washington's 2nd Congressional District. He declared candidacy for the 2026 election. Since at least 2011, Larsen has been assigned to the Committee on Armed Services and the Committee on Transportation and Infrastructure. Larsen's first position as an elected official was in 1998 as a member of the Snohomish County Council. Larsen earned his bachelor's degree from Pacific Lutheran University. After earning his master's degree in public affairs from the University of Minnesota, Larsen worked as the director of public affairs for the Washington State Dental Association and then as an economic development official with the Port of Everett. He went on to serve on the Snohomish County Council before seeking election to the U.S. House.

About Wabtec

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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