Wabtec (NYSE:WAB) CEO Rafael Santana Sells 1,798 Shares

Wabtec (NYSE:WAB) CEO Rafael Santana sold 1,798 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $203.61, for a total transaction of $366,090.78. Following the completion of the sale, the chief executive officer directly owned 129,537 shares in the company, valued at approximately $26,375,028.57. The trade was a 1.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Rafael Santana also recently made the following trade(s):

• On Tuesday, October 14th, Rafael Santana sold 1,798 shares of Wabtec stock. The shares were sold at an average price of $195.04, for a total transaction of $350,681.92.
• On Monday, September 15th, Rafael Santana sold 1,798 shares of Wabtec stock. The shares were sold at an average price of $189.63, for a total transaction of $340,954.74.
• On Friday, September 12th, Rafael Santana sold 1,799 shares of Wabtec stock. The shares were sold at an average price of $189.97, for a total transaction of $341,756.03.
• On Wednesday, August 20th, Rafael Santana sold 886 shares of Wabtec stock. The stock was sold at an average price of $192.83, for a total transaction of $170,847.38.

Wabtec Trading Up 1.1%

Shares of NYSE WAB traded up $2.23 during midday trading on Wednesday, reaching $206.69. 269,322 shares of the stock were exchanged, compared to its average volume of 1,059,839. The business has a 50-day simple moving average of $195.39 and a two-hundred day simple moving average of $197.78. The company has a market capitalization of $35.33 billion, a price-to-earnings ratio of 30.09, a P/E/G ratio of 1.55 and a beta of 1.10. Wabtec has a 12 month low of $151.81 and a 12 month high of $216.10. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.42 and a quick ratio of 0.75.

Wabtec (NYSE:WAB) last issued its quarterly earnings data on Wednesday, October 22nd. The transportation company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.04. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.88 billion. Wabtec had a net margin of 10.94% and a return on equity of 13.84%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period last year, the business posted $2.00 earnings per share. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. As a group, equities research analysts expect that Wabtec will post 8.54 EPS for the current year.

Wabtec Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be given a $0.25 dividend. The ex-dividend date is Wednesday, November 12th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. Wabtec’s payout ratio is presently 14.53%.

Hedge Funds Weigh In On Wabtec

A number of hedge funds have recently bought and sold shares of the company. Prime Capital Investment Advisors LLC raised its position in Wabtec by 1.9% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 4,109 shares of the transportation company’s stock worth $824,000 after buying an additional 78 shares during the last quarter. Gallacher Capital Management LLC purchased a new stake in Wabtec in the 3rd quarter worth approximately $304,000. Optimize Financial Inc increased its holdings in Wabtec by 34.4% in the 3rd quarter. Optimize Financial Inc now owns 1,632 shares of the transportation company’s stock worth $327,000 after acquiring an additional 418 shares in the last quarter. Machina Capital S.A.S. boosted its stake in Wabtec by 180.1% in the 3rd quarter. Machina Capital S.A.S. now owns 30,736 shares of the transportation company’s stock worth $6,162,000 after purchasing an additional 19,762 shares during the period. Finally, J.W. Cole Advisors Inc. boosted its stake in Wabtec by 6.0% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 2,588 shares of the transportation company’s stock worth $519,000 after purchasing an additional 146 shares during the period. Institutional investors own 91.69% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Susquehanna upped their price target on shares of Wabtec from $235.00 to $240.00 and gave the company a “positive” rating in a research report on Thursday, October 23rd. Wall Street Zen downgraded shares of Wabtec from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a report on Wednesday, October 8th. Bank of America increased their target price on shares of Wabtec from $231.00 to $236.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Wabtec from $200.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, October 14th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Wabtec currently has an average rating of “Moderate Buy” and a consensus target price of $225.38.

About Wabtec

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.