Rep. Robert Bresnahan, Jr. Sells Off Shares of Wabtec (NYSE:WAB)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Wabtec (NYSE:WAB). In a filing disclosed on June 09th, the Representative disclosed that they had sold between $1,001 and $15,000 in Wabtec stock on May 15th. The trade occurred in the Representative’s “JP MORGAN BROKERAGE ACCOUNT” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Zoom Communications (NASDAQ:ZM) on 6/25/2025.
• Purchased $1,001 – $15,000 in shares of Coinbase Global (NASDAQ:COIN) on 6/24/2025.
• Purchased $1,001 – $15,000 in shares of Circle Internet Group (NYSE:CRCL) on 6/24/2025.
• Sold $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 6/23/2025.
• Sold $1,001 – $15,000 in shares of Chubb (NYSE:CB) on 6/13/2025.
• Sold $1,001 – $15,000 in shares of Atlassian (NASDAQ:TEAM) on 6/11/2025.
• Purchased $1,001 – $15,000 in shares of ServiceTitan (NASDAQ:TTAN) on 6/11/2025.
• Sold $1,001 – $15,000 in shares of Datadog (NASDAQ:DDOG) on 6/11/2025.
• Sold $1,001 – $15,000 in shares of GitLab (NASDAQ:GTLB) on 6/11/2025.
• Purchased $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 6/11/2025.

Wabtec Stock Up 0.7%

NYSE:WAB opened at $192.01 on Friday. Wabtec has a fifty-two week low of $147.66 and a fifty-two week high of $216.10. The stock has a market capitalization of $32.82 billion, a P/E ratio of 28.66, a P/E/G ratio of 1.52 and a beta of 1.12. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.05 and a current ratio of 1.76. The company’s 50-day simple moving average is $205.35 and its 200-day simple moving average is $194.30.

Wabtec (NYSE:WAB) last released its earnings results on Thursday, July 24th. The transportation company reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.09. Wabtec had a net margin of 10.92% and a return on equity of 13.65%. The company had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.76 billion. During the same period last year, the business earned $1.96 EPS. Wabtec’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities analysts anticipate that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Thursday, August 14th. Wabtec’s dividend payout ratio (DPR) is currently 14.93%.

Insider Buying and Selling

In other Wabtec news, VP David L. Deninno sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $201.05, for a total value of $603,150.00. Following the transaction, the vice president directly owned 60,450 shares of the company’s stock, valued at $12,153,472.50. This represents a 4.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Gina Trombley sold 4,299 shares of the company’s stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $202.00, for a total value of $868,398.00. Following the sale, the executive vice president directly owned 13,696 shares in the company, valued at approximately $2,766,592. This represents a 23.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,641 shares of company stock worth $5,512,759 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $201.00 target price (up from $175.00) on shares of Wabtec in a research note on Wednesday, April 23rd. Bank of America boosted their price target on shares of Wabtec from $231.00 to $236.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Wall Street Zen upgraded shares of Wabtec from a “hold” rating to a “buy” rating in a report on Saturday, July 5th. Susquehanna boosted their price objective on shares of Wabtec from $210.00 to $235.00 and gave the company a “positive” rating in a report on Friday, July 25th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Wabtec from $175.00 to $194.00 and gave the stock a “neutral” rating in a research note on Thursday, April 24th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $221.71.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WAB. PFS Partners LLC increased its position in Wabtec by 70.4% during the 2nd quarter. PFS Partners LLC now owns 121 shares of the transportation company’s stock worth $25,000 after purchasing an additional 50 shares in the last quarter. Trust Co. of Vermont grew its position in Wabtec by 44.2% in the second quarter. Trust Co. of Vermont now owns 163 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 50 shares in the last quarter. ST Germain D J Co. Inc. grew its position in Wabtec by 30.2% in the second quarter. ST Germain D J Co. Inc. now owns 207 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 48 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in Wabtec in the second quarter valued at approximately $44,000. Finally, Putney Financial Group LLC acquired a new stake in Wabtec in the fourth quarter valued at approximately $52,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

Wabtec Company Profile

Westinghouse Air Brake Technologies Corporation, together with its subsidiaries, provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It offers diesel-electric, battery, and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products.