Insider Selling: Wabtec (NYSE:WAB) CEO Sells $350,681.92 in Stock

Wabtec (NYSE:WAB) CEO Rafael Santana sold 1,798 shares of Wabtec stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $195.04, for a total transaction of $350,681.92. Following the completion of the transaction, the chief executive officer owned 133,133 shares of the company’s stock, valued at $25,966,260.32. This trade represents a 1.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• 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 shares were sold at an average price of $192.83, for a total transaction of $170,847.38.

Wabtec Stock Performance

NYSE:WAB opened at $194.34 on Friday. Wabtec has a 1 year low of $151.81 and a 1 year high of $216.10. The firm has a 50 day moving average of $193.60 and a 200-day moving average of $194.80. The company has a current ratio of 1.76, a quick ratio of 1.05 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $33.22 billion, a P/E ratio of 29.01, a price-to-earnings-growth ratio of 1.50 and a beta of 1.10.

Wabtec (NYSE:WAB) last posted its earnings results on Thursday, July 24th. The transportation company reported $2.27 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the company posted $1.96 earnings per share. Wabtec’s quarterly revenue was up 2.3% compared to the same quarter last year. Wabtec has set its FY 2025 guidance at 8.550-9.150 EPS. As a group, sell-side analysts anticipate that Wabtec will post 8.54 EPS for the current fiscal year.

Wabtec Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date is Wednesday, November 12th. Wabtec’s payout ratio is 14.93%.

Institutional Trading of Wabtec

A number of institutional investors have recently bought and sold shares of WAB. PFS Partners LLC grew its holdings 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 acquiring an additional 50 shares during the period. Colonial Trust Advisors grew its holdings in Wabtec by 454.5% during the 2nd quarter. Colonial Trust Advisors now owns 122 shares of the transportation company’s stock worth $26,000 after acquiring an additional 100 shares during the period. Trust Co. of Vermont grew its holdings in Wabtec by 44.2% during the 2nd quarter. Trust Co. of Vermont now owns 163 shares of the transportation company’s stock worth $34,000 after acquiring an additional 50 shares during the period. North Capital Inc. grew its holdings in shares of Wabtec by 18,900.0% in the 3rd quarter. North Capital Inc. now owns 190 shares of the transportation company’s stock valued at $38,000 after buying an additional 189 shares during the period. Finally, ST Germain D J Co. Inc. grew its holdings in shares of Wabtec by 30.2% in the 2nd quarter. ST Germain D J Co. Inc. now owns 207 shares of the transportation company’s stock valued at $43,000 after buying an additional 48 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

WAB has been the subject of several research analyst reports. Wall Street Zen cut shares of Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Morgan Stanley boosted their price objective on shares of Wabtec from $220.00 to $226.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Susquehanna boosted their price objective on shares of Wabtec from $210.00 to $235.00 and gave the stock a “positive” rating in a research report on Friday, July 25th. KeyCorp restated an “overweight” rating and issued a $240.00 price objective (up previously from $220.00) on shares of Wabtec in a research report on Tuesday, June 24th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Wabtec from $200.00 to $215.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $224.75.

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.