Wabtec (NYSE:WAB) CEO Sells $304,298.95 in Stock

Wabtec (NYSE:WAB) CEO Rafael Santana sold 1,163 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $261.65, for a total transaction of $304,298.95. Following the sale, the chief executive officer directly owned 125,240 shares of the company’s stock, valued at $32,769,046. This represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 shares were sold at an average price of $261.06, for a total transaction of $303,612.78.
• 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 shares were sold at an average price of $268.89, for a total transaction of $16,362,494.28.

Wabtec Stock Up 2.2%

Shares of WAB opened at $262.07 on Friday. The firm has a market capitalization of $44.47 billion, a P/E ratio of 37.07, a P/E/G ratio of 1.84 and a beta of 0.94. Wabtec has a 12-month low of $184.26 and a 12-month high of $275.84. 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 firm has a fifty day moving average price of $262.46 and a 200-day moving average price of $243.28.

Wabtec (NYSE:WAB) last issued its 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 firm had revenue of $2.95 billion during the quarter, compared to analyst estimates of $3.08 billion. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. The business’s revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.28 earnings per share. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. Equities research analysts expect that Wabtec will post 10.61 earnings per share for the current year.

Wabtec Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Rothschild & Co Redburn upgraded Wabtec from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $262.00 to $285.00 in a report on Thursday, March 26th. Citigroup lifted their price objective on Wabtec from $283.00 to $292.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Wells Fargo & Company lifted their price objective on Wabtec from $270.00 to $284.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Wolfe Research restated an “outperform” rating and issued a $303.00 price objective on shares of Wabtec in a report on Thursday, April 23rd. Finally, Susquehanna restated a “positive” rating and issued a $305.00 price objective on shares of Wabtec in a report on Thursday, April 23rd. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $289.82.

Hedge Funds Weigh In On Wabtec

Large investors have recently added to or reduced their stakes in the company. Whipplewood Advisors LLC bought a new position in Wabtec in the first quarter worth about $25,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in Wabtec by 125.9% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock worth $28,000 after purchasing an additional 73 shares in the last quarter. Manchester Capital Management LLC raised its holdings in Wabtec by 122.0% in the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock worth $28,000 after purchasing an additional 72 shares in the last quarter. McMillan Office Inc. bought a new position in Wabtec in the fourth quarter worth about $31,000. Finally, Reflection Asset Management bought a new position in Wabtec in the fourth quarter worth about $35,000. 91.69% of the stock is currently owned by 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.