Wabtec (NYSE:WAB) Reaches New 1-Year High – Here’s What Happened

Wabtec (NYSE:WAB) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $278.39 and last traded at $277.4470, with a volume of 1336363 shares traded. The stock had previously closed at $273.83.

Analyst Upgrades and Downgrades

Several brokerages recently commented on WAB. Susquehanna reissued a “positive” rating and set a $305.00 price objective on shares of Wabtec in a research report on Thursday, April 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a research note on Monday, April 20th. JPMorgan Chase & Co. cut their price target on shares of Wabtec from $290.00 to $280.00 and set a “neutral” rating on the stock in a report on Friday, April 10th. Wolfe Research reissued an “outperform” rating and set a $303.00 price target on shares of Wabtec in a research report on Thursday, April 23rd. Finally, Morgan Stanley restated an “overweight” rating and issued a $318.00 price objective on shares of Wabtec in a report on Monday, April 27th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $289.82.

Wabtec Price Performance

The firm has a 50-day moving average of $264.30 and a 200 day moving average of $246.90. The company has a market capitalization of $45.99 billion, a PE ratio of 38.34, a PEG ratio of 1.98 and a beta of 0.94. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.02 and a quick ratio of 0.54.

Wabtec (NYSE:WAB) last issued its earnings results on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.62 by $0.09. The business had revenue of $2.95 billion during the quarter, compared to analyst estimates of $3.08 billion. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.Wabtec’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.28 EPS. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. As a group, research analysts anticipate that Wabtec will post 10.61 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Friday, May 22nd were given a dividend of $0.31 per share. The ex-dividend date was Friday, May 22nd. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. Wabtec’s dividend payout ratio is 17.54%.

Insider Activity at Wabtec

In other news, CEO Rafael Santana sold 1,163 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $261.06, for a total transaction of $303,612.78. Following the transaction, the chief executive officer directly owned 124,077 shares of the company’s stock, valued at $32,391,541.62. This represents a 0.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sameer Gaur sold 1,082 shares of Wabtec stock in a transaction on Friday, June 12th. The stock was sold at an average price of $263.50, for a total value of $285,107.00. Following the completion of the sale, the insider directly owned 11,985 shares of the company’s stock, valued at $3,158,047.50. The trade was a 8.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 65,423 shares of company stock worth $17,562,278 in the last 90 days. 0.57% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Whipplewood Advisors LLC purchased a new stake in shares of Wabtec during the 1st quarter valued at about $25,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Wabtec by 125.9% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock worth $28,000 after buying an additional 73 shares during the last quarter. Manchester Capital Management LLC grew its position in Wabtec by 122.0% during the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock valued at $28,000 after buying an additional 72 shares during the period. McMillan Office Inc. bought a new stake in Wabtec during the fourth quarter valued at approximately $31,000. Finally, Reflection Asset Management purchased a new stake in Wabtec during the fourth quarter valued at approximately $35,000. Institutional investors own 91.69% of the company’s stock.

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.