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

Wabtec (NYSE:WAB) CEO Rafael Santana sold 1,163 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $261.06, for a total value of $303,612.78. Following the transaction, the chief executive officer directly owned 124,077 shares in the company, valued at approximately $32,391,541.62. This represents a 0.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 value 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 value of $306,764.51.
• On Tuesday, April 14th, Rafael Santana sold 60,852 shares of Wabtec stock. The shares were sold at an average price of $268.89, for a total value of $16,362,494.28.

Wabtec Stock Performance

Shares of NYSE WAB opened at $256.85 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.54 and a current ratio of 1.02. The firm has a market cap of $43.58 billion, a price-to-earnings ratio of 36.33, a P/E/G ratio of 1.90 and a beta of 0.94. The business’s 50-day simple moving average is $262.21 and its 200-day simple moving average is $242.85. Wabtec has a 52 week low of $184.26 and a 52 week high of $275.84.

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

Wabtec announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 11th that allows the company to buyback $1.20 billion in shares. This buyback authorization allows the transportation company to reacquire up to 2.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Wabtec Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Friday, May 22nd were paid a dividend of $0.31 per share. 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 is presently 17.54%.

Institutional Trading of Wabtec

A number of hedge funds have recently modified their holdings of WAB. Guggenheim Capital LLC lifted its position in shares of Wabtec by 7.4% in the 2nd quarter. Guggenheim Capital LLC now owns 4,938 shares of the transportation company’s stock worth $1,034,000 after acquiring an additional 342 shares during the period. Bank of Nova Scotia lifted its position in shares of Wabtec by 0.5% in the 2nd quarter. Bank of Nova Scotia now owns 17,890 shares of the transportation company’s stock worth $3,745,000 after acquiring an additional 97 shares during the period. Nebula Research & Development LLC lifted its position in shares of Wabtec by 208.7% in the 2nd quarter. Nebula Research & Development LLC now owns 5,386 shares of the transportation company’s stock worth $1,128,000 after acquiring an additional 3,641 shares during the period. Treasurer of the State of North Carolina lifted its position in shares of Wabtec by 11.6% in the 2nd quarter. Treasurer of the State of North Carolina now owns 92,097 shares of the transportation company’s stock worth $19,281,000 after acquiring an additional 9,545 shares during the period. Finally, Ieq Capital LLC lifted its position in shares of Wabtec by 19.2% in the 2nd quarter. Ieq Capital LLC now owns 30,352 shares of the transportation company’s stock worth $6,354,000 after acquiring an additional 4,889 shares during the period. Institutional investors own 91.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WAB. Wolfe Research restated an “outperform” rating and set a $303.00 target price on shares of Wabtec in a research note on Thursday, April 23rd. Wells Fargo & Company increased their target price on Wabtec from $270.00 to $284.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Stephens increased their target price on Wabtec from $230.00 to $290.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Rothschild & Co Redburn upgraded Wabtec from a “neutral” rating to a “buy” rating and increased their target price for the company from $262.00 to $285.00 in a research note on Thursday, March 26th. Finally, Morgan Stanley restated an “overweight” rating and set a $318.00 target price on shares of Wabtec in a research note on Monday, April 27th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $289.82.

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.