Wabtec (NYSE:WAB) CEO Rafael Santana Sells 1,163 Shares

Wabtec (NYSE:WAB) CEO Rafael Santana sold 1,163 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $262.07, for a total transaction of $304,787.41. Following the completion of the sale, the chief executive officer owned 122,914 shares of the company’s stock, valued at approximately $32,212,071.98. The trade was a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, June 8th, Rafael Santana sold 1,163 shares of Wabtec stock. The stock was sold at an average price of $261.06, for a total transaction of $303,612.78.
• On Friday, June 5th, Rafael Santana sold 1,163 shares of Wabtec stock. The shares were sold at an average price of $261.65, for a total transaction of $304,298.95.
• On Monday, May 4th, Rafael Santana sold 1,163 shares of Wabtec stock. The shares were sold at an average price of $263.77, for a total transaction of $306,764.51.
• On Tuesday, April 14th, Rafael Santana sold 60,852 shares of Wabtec stock. The stock was sold at an average price of $268.89, for a total value of $16,362,494.28.

Wabtec Price Performance

WAB stock opened at $259.14 on Thursday. The company has a market cap of $43.97 billion, a PE ratio of 36.65, a price-to-earnings-growth ratio of 1.85 and a beta of 0.94. The company has a current ratio of 1.02, a quick ratio of 0.54 and a debt-to-equity ratio of 0.42. The stock has a 50-day moving average price of $264.92 and a two-hundred day moving average price of $250.99. Wabtec has a 12-month low of $184.26 and a 12-month high of $284.91.

Wabtec (NYSE:WAB) last released its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.62 by $0.09. The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $3.08 billion. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The company’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period last year, the business posted $2.28 EPS. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. As a group, research analysts predict that Wabtec will post 10.61 EPS for the current year.

Wabtec Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Friday, May 22nd were issued a $0.31 dividend. The ex-dividend date was Friday, May 22nd. This represents a $1.24 annualized dividend and a yield of 0.5%. Wabtec’s dividend payout ratio (DPR) is presently 17.54%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Citigroup increased their price objective on shares of Wabtec from $283.00 to $292.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. JPMorgan Chase & Co. reduced their target price 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. Wall Street Zen downgraded Wabtec from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Wolfe Research reiterated an “outperform” rating and issued a $303.00 price target on shares of Wabtec in a report on Thursday, April 23rd. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $290.00 price objective (down from $300.00) on shares of Wabtec in a research report on Tuesday, March 31st. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $289.82.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in WAB. Valeo Financial Advisors LLC grew its holdings in Wabtec by 9.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,901 shares of the transportation company’s stock valued at $513,000 after purchasing an additional 159 shares in the last quarter. Czech National Bank lifted its holdings in Wabtec by 4.0% in the 2nd quarter. Czech National Bank now owns 48,297 shares of the transportation company’s stock worth $13,021,000 after buying an additional 1,857 shares in the last quarter. Bill Few Associates Inc. lifted its holdings in Wabtec by 15.5% in the 2nd quarter. Bill Few Associates Inc. now owns 2,725 shares of the transportation company’s stock worth $735,000 after buying an additional 365 shares in the last quarter. GAMMA Investing LLC boosted its position in Wabtec by 5.7% in the 2nd quarter. GAMMA Investing LLC now owns 5,160 shares of the transportation company’s stock valued at $1,391,000 after buying an additional 280 shares during the last quarter. Finally, CoreCap Advisors LLC boosted its position in Wabtec by 25.9% in the 2nd quarter. CoreCap Advisors LLC now owns 321 shares of the transportation company’s stock valued at $86,000 after buying an additional 66 shares during the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

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.