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

Wabtec (NYSE:WAB) CEO Rafael Santana sold 1,798 shares of Wabtec stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $203.61, for a total value of $366,090.78. Following the transaction, the chief executive officer owned 129,537 shares in the company, valued at $26,375,028.57. This trade represents a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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 value 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 value 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 value 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 value of $170,847.38.

Wabtec Price Performance

Shares of Wabtec stock opened at $205.82 on Thursday. The stock’s 50-day simple moving average is $195.59 and its 200-day simple moving average is $197.84. Wabtec has a 52 week low of $151.81 and a 52 week high of $216.10. The company has a market capitalization of $35.19 billion, a price-to-earnings ratio of 29.92, a PEG ratio of 1.55 and a beta of 1.10. The company has a quick ratio of 0.75, a current ratio of 1.42 and a debt-to-equity ratio of 0.45.

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

Wabtec Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Wednesday, November 12th. Wabtec’s payout ratio is currently 14.53%.

Institutional Trading of Wabtec

A number of hedge funds have recently bought and sold shares of WAB. Greenleaf Trust lifted its holdings in Wabtec by 2.8% during the first quarter. Greenleaf Trust now owns 3,437 shares of the transportation company’s stock worth $623,000 after buying an additional 93 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of Wabtec by 16.0% during the 1st quarter. New York State Common Retirement Fund now owns 142,163 shares of the transportation company’s stock valued at $25,781,000 after purchasing an additional 19,600 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Wabtec by 2,220.1% in the 1st quarter. Pacer Advisors Inc. now owns 738,038 shares of the transportation company’s stock valued at $133,843,000 after acquiring an additional 706,227 shares during the period. Harvest Fund Management Co. Ltd increased its position in shares of Wabtec by 30.5% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 5,097 shares of the transportation company’s stock valued at $957,000 after acquiring an additional 1,190 shares during the period. Finally, Raiffeisen Bank International AG increased its position in shares of Wabtec by 159.0% in the 1st quarter. Raiffeisen Bank International AG now owns 16,561 shares of the transportation company’s stock valued at $3,011,000 after acquiring an additional 10,168 shares during the period. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WAB. Susquehanna boosted their target price on Wabtec from $235.00 to $240.00 and gave the stock a “positive” rating in a research report on Thursday, October 23rd. Wall Street Zen downgraded Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a research report on Wednesday, October 8th. Morgan Stanley boosted their price objective on Wabtec from $220.00 to $226.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Finally, JPMorgan Chase & Co. boosted their price objective on Wabtec from $200.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.