Rogerio Mendonca Sells 3,500 Shares of Wabtec (NYSE:WAB) Stock

Wabtec (NYSE:WAB) insider Rogerio Mendonca sold 3,500 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $264.21, for a total value of $924,735.00. Following the sale, the insider directly owned 10,101 shares of the company’s stock, valued at $2,668,785.21. The trade was a 25.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Rogerio Mendonca also recently made the following trade(s):

• On Thursday, December 4th, Rogerio Mendonca sold 2,019 shares of Wabtec stock. The stock was sold at an average price of $214.51, for a total value of $433,095.69.

Wabtec Stock Up 0.6%

Shares of NYSE:WAB opened at $264.57 on Wednesday. Wabtec has a 1 year low of $151.81 and a 1 year high of $266.06. The company has a market capitalization of $45.11 billion, a PE ratio of 38.74, a price-to-earnings-growth ratio of 1.98 and a beta of 1.01. The business has a fifty day moving average price of $232.98 and a two-hundred day moving average price of $210.99. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.11 and a quick ratio of 0.57.

Wabtec (NYSE:WAB) last released its earnings results on Wednesday, February 11th. The transportation company reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.02. The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.86 billion. Wabtec had a return on equity of 14.12% and a net margin of 10.48%.The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.68 EPS. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. Analysts forecast that Wabtec will post 8.54 earnings per share for the current year.

Wabtec declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 11th that permits the company to buyback $1.20 billion in shares. This buyback authorization permits the transportation company to purchase up to 2.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Wabtec Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from Wabtec’s previous quarterly dividend of $0.25. Wabtec’s payout ratio is currently 18.16%.

Institutional Investors Weigh In On Wabtec

A number of institutional investors and hedge funds have recently modified their holdings of WAB. Colonial Trust Advisors grew its stake in Wabtec by 454.5% during the second quarter. Colonial Trust Advisors now owns 122 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 100 shares in the last quarter. Piscataqua Savings Bank boosted its holdings in Wabtec by 12,800.0% in the 3rd quarter. Piscataqua Savings Bank now owns 129 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 128 shares during the period. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Wabtec by 125.9% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 73 shares during the period. Manchester Capital Management LLC grew its position in shares of Wabtec by 122.0% during the 4th quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 72 shares in the last quarter. Finally, Motco increased its holdings in shares of Wabtec by 6,600.0% in the third quarter. Motco now owns 134 shares of the transportation company’s stock worth $27,000 after purchasing an additional 132 shares during the period. 91.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on WAB. Bank of America upped their price target on Wabtec from $228.00 to $233.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Susquehanna set a $300.00 price objective on shares of Wabtec in a report on Thursday, February 12th. Citigroup increased their target price on shares of Wabtec from $258.00 to $283.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. KeyCorp boosted their price target on shares of Wabtec from $240.00 to $308.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Finally, Wolfe Research upgraded shares of Wabtec from a “peer perform” rating to an “outperform” rating and set a $245.00 price target on the stock in a research note on Thursday, January 8th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Wabtec has an average rating of “Moderate Buy” and an average target price of $269.00.

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.