Wabtec Co. (NYSE:WAB) declared a quarterly dividend on Thursday, October 15th, RTT News reports. Investors of record on Friday, November 13th will be paid a dividend of 0.12 per share by the transportation company on Friday, November 27th. This represents a $0.48 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, November 12th.
Wabtec has increased its dividend payment by 33.3% over the last three years and has increased its dividend every year for the last 1 years.
Shares of WAB opened at $63.33 on Friday. The company’s 50 day moving average price is $65.34 and its 200 day moving average price is $60.43. Wabtec has a 52 week low of $35.07 and a 52 week high of $81.75. The company has a market capitalization of $12.05 billion, a PE ratio of 28.40, a PEG ratio of 6.10 and a beta of 1.54. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.62 and a current ratio of 1.14.
In other news, Director Linda S. Harty bought 5,000 shares of the stock in a transaction dated Monday, August 3rd. The shares were acquired at an average price of $61.93 per share, with a total value of $309,650.00. Following the acquisition, the director now owns 13,382 shares in the company, valued at $828,747.26. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Erwan Faiveley sold 4,600 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $68.26, for a total transaction of $313,996.00. Following the completion of the sale, the director now directly owns 9,026 shares in the company, valued at approximately $616,114.76. The disclosure for this sale can be found here. 5.35% of the stock is currently owned by insiders.
WAB has been the subject of a number of analyst reports. Citigroup lifted their target price on shares of Wabtec from $60.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Wolfe Research cut shares of Wabtec from a “market perform” rating to an “underperform” rating in a research note on Tuesday, July 7th. Melius initiated coverage on shares of Wabtec in a research note on Tuesday. They issued a “buy” rating for the company. ValuEngine cut shares of Wabtec from a “hold” rating to a “sell” rating in a research note on Thursday, October 1st. Finally, Morgan Stanley lifted their target price on shares of Wabtec from $77.00 to $78.00 and gave the company an “overweight” rating in a research note on Monday, October 12th. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. Wabtec presently has a consensus rating of “Hold” and an average target price of $74.10.
Wabtec Company Profile
Wabtec Corporation provides technology-based equipment, systems, and services for the freight rail and passenger transit vehicle industries worldwide. It operates through two segments, Freight and Transit. The Freight segment manufactures and services components for new and existing freight cars and locomotives; builds new commuter locomotives; rebuilds freight locomotives; supplies railway electronics, positive train control equipment, signal design, and engineering services; and provides related heat exchange and cooling systems.
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