Wabtec (NYSE:WAB) Sets New 1-Year High After Dividend Announcement

Wabtec (NYSE:WAB)’s share price reached a new 52-week high during mid-day trading on Monday following a dividend announcement from the company. The stock traded as high as $246.97 and last traded at $245.0480, with a volume of 6869 shares. The stock had previously closed at $240.12.

The newly announced dividend which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th will be paid a $0.31 dividend. This is an increase from Wabtec’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. Wabtec’s payout ratio is presently 14.53%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on WAB. Bank of America boosted their price objective on Wabtec from $228.00 to $233.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Wells Fargo & Company increased their price target on shares of Wabtec from $221.00 to $224.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 17th. Wolfe Research upgraded shares of Wabtec from a “peer perform” rating to an “outperform” rating and set a $245.00 price objective on the stock in a research report on Thursday, January 8th. Susquehanna upped their price objective on shares of Wabtec from $240.00 to $280.00 and gave the company a “positive” rating in a research note on Monday, January 26th. Finally, JPMorgan Chase & Co. raised their target price on Wabtec from $215.00 to $245.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $241.00.

Wabtec Price Performance

The company has a current ratio of 1.42, a quick ratio of 0.75 and a debt-to-equity ratio of 0.45. The business’s 50 day moving average price is $223.92 and its two-hundred day moving average price is $206.12. The stock has a market cap of $42.05 billion, a P/E ratio of 35.75, a price-to-earnings-growth ratio of 1.67 and a beta of 1.01.

Key Wabtec News

Here are the key news stories impacting Wabtec this week:

• Positive Sentiment: CSX awarded Wabtec a major fleet modernization order (~$670M) to supply and upgrade locomotives — a clear near-term revenue/bookings boost. CSX signs $670M deal with Wabtec to modernize locomotive fleet with new and upgraded units
• Positive Sentiment: Wabtec announced roughly $2.5 billion in train-related deals (broader order momentum beyond CSX) that support forward backlog and potential production leverage. Wabtec signs $2.5 billion in train deals. Will there be new Erie jobs?
• Positive Sentiment: Wabtec boosted its quarterly dividend by 24% to $0.31, signaling cash-flow confidence and making the stock more attractive to income-focused investors. Wabtec Rewards Shareholders With 24% Hike in Quarterly Dividend
• Positive Sentiment: Short interest fell ~13.9% in January to ~1.82M shares (1.1% of float) with a short-interest ratio of ~2.8 days — reduced short pressure can amplify upside on positive news.
• Neutral Sentiment: Market participants are awaiting Wabtec’s Q4 earnings/report preview — expectations and guidance will be key to sustaining the rally. Wabtec (WAB) Q4 Earnings Report Preview: What To Look For

Insider Transactions at Wabtec

In related news, insider Michael Fetsko sold 5,058 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $215.72, for a total value of $1,091,111.76. Following the sale, the insider directly owned 36,882 shares of the company’s stock, valued at $7,956,185.04. This represents a 12.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Rafael Santana sold 1,798 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $212.17, for a total value of $381,481.66. Following the transaction, the chief executive officer directly owned 125,941 shares of the company’s stock, valued at $26,720,901.97. This represents a 1.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 13,875 shares of company stock valued at $2,978,789. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Wabtec

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. TD Asset Management Inc boosted its position in shares of Wabtec by 1.0% in the 4th quarter. TD Asset Management Inc now owns 290,682 shares of the transportation company’s stock worth $62,046,000 after purchasing an additional 2,954 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in Wabtec during the fourth quarter valued at $378,000. Lido Advisors LLC boosted its holdings in Wabtec by 1.0% in the fourth quarter. Lido Advisors LLC now owns 8,619 shares of the transportation company’s stock worth $1,805,000 after acquiring an additional 82 shares in the last quarter. Transatlantique Private Wealth LLC grew its stake in shares of Wabtec by 3.2% in the fourth quarter. Transatlantique Private Wealth LLC now owns 8,865 shares of the transportation company’s stock worth $1,892,000 after acquiring an additional 272 shares during the last quarter. Finally, Nvest Financial LLC grew its stake in shares of Wabtec by 28.4% in the fourth quarter. Nvest Financial LLC now owns 6,472 shares of the transportation company’s stock worth $1,381,000 after acquiring an additional 1,433 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

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.