Gregory Sbrocco, Govt Vice President of Operations at Westinghouse Air Brake Applied sciences Corp (NYSE:), just lately offered shares of the corporate valued at roughly $113,772. The transaction, which happened on November 26, concerned the sale of 565 shares at a median value of $201.37 per share. Following this sale, Sbrocco holds 16,101 shares of the corporate. This transaction was documented in a Type 4 submitting with the Securities and Change Fee.
In different current information, Wabtec Company has reported robust Q3 outcomes, with a 4.5% surge in gross sales to $2.7 billion in comparison with the identical interval final yr. The corporate’s adjusted earnings per share (EPS) additionally noticed an roughly 18% year-over-year enhance, reaching $2.00. Wabtec’s backlog grew 7.5% to $7.6 billion, with a complete multiyear backlog of $22 billion. These current developments embody contracts with Kazakhstan’s KTZ and Siemens (ETR:) Mobility.
Wabtec’s Freight section gross sales rose 2.6%, whereas the Transit section gross sales noticed a 9.6% enhance. The corporate additionally reported a robust money move from operations at $542 million. In keeping with analysts, there’s a blended outlook for the Freight enterprise, with robust worldwide markets however a revised down North American railcar construct forecast to 41,000 for 2024.
Stephens raised its value goal on Wabtec to $205.00, up from the earlier $190.00, following Wabtec’s third-quarter earnings per share (EPS) surpassing expectations. The corporate additionally raised its full-year adjusted EPS steerage for 2024 to between $7.45 and $7.65, reflecting a 27.5% rise on the midpoint. Regardless of restructuring prices of $18 million and a lower in service income attributable to a shift in manufacturing combine, Wabtec executives expressed confidence within the firm’s future efficiency.
InvestingPro Insights
Whereas Gregory Sbrocco’s current sale of Westinghouse Air Brake Applied sciences Corp (NYSE:WAB) shares would possibly elevate eyebrows, a more in-depth take a look at the corporate’s monetary metrics and market efficiency reveals a extra nuanced image.
In keeping with InvestingPro knowledge, WAB’s inventory has proven outstanding power, with a 73.66% whole return over the previous yr and a 59.74% return year-to-date. This strong efficiency is mirrored within the inventory buying and selling at 98.41% of its 52-week excessive, suggesting robust investor confidence.
The corporate’s monetary well being seems strong, with income of $10.33 billion within the final twelve months as of Q3 2024, representing a 9.23% progress. Furthermore, WAB’s EBITDA progress of 21.82% over the identical interval signifies enhancing operational effectivity.
InvestingPro Suggestions spotlight that WAB has maintained dividend funds for 30 consecutive years and has raised its dividend for 3 consecutive years, with a present dividend yield of 0.4%. This dedication to shareholder returns, coupled with a reasonable stage of debt, underscores the corporate’s monetary stability.
It is price noting that WAB is buying and selling at a P/E ratio of 33.15, which could appear excessive at first look. Nevertheless, an InvestingPro Tip means that that is really low relative to the corporate’s near-term earnings progress, with a PEG ratio of 0.77 indicating potential undervaluation.
Analysts stay optimistic about WAB’s prospects, with 5 analysts revising their earnings upwards for the upcoming interval. The corporate’s excellent Piotroski Rating of 9 additional reinforces its robust monetary place and operational effectivity.
For buyers looking for a deeper understanding of WAB’s potential, InvestingPro presents 13 further ideas, offering a complete evaluation of the corporate’s strengths and market place.
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