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

Wabtec (NYSE:WAB) CEO Rafael Santana sold 1,798 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $212.17, for a total value of $381,481.66. Following the completion of the transaction, the chief executive officer owned 125,941 shares of the company’s stock, valued at $26,720,901.97. This represents a 1.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Monday, November 3rd, Rafael Santana sold 1,798 shares of Wabtec stock. The stock was sold at an average price of $203.61, for a total value of $366,090.78.
• 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.

Wabtec Stock Up 0.6%

Shares of WAB stock traded up $1.39 on Friday, hitting $214.99. 503,862 shares of the stock were exchanged, compared to its average volume of 1,032,620. The company has a current ratio of 1.42, a quick ratio of 0.75 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $36.75 billion, a P/E ratio of 31.24, a price-to-earnings-growth ratio of 1.63 and a beta of 0.99. Wabtec has a fifty-two week low of $151.81 and a fifty-two week high of $220.89. The business has a 50-day moving average of $204.45 and a 200 day moving average of $200.89.

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

Wabtec Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, November 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. Wabtec’s dividend payout ratio is currently 14.53%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on WAB shares. JPMorgan Chase & Co. lifted their target price on shares of Wabtec from $200.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, October 14th. Citigroup lifted their price target on Wabtec from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Susquehanna boosted their price target on Wabtec from $235.00 to $240.00 and gave the company a “positive” rating in a research note on Thursday, October 23rd. Wells Fargo & Company increased their price objective on Wabtec from $221.00 to $224.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, Bank of America lifted their target price on Wabtec from $228.00 to $233.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $227.11.

Institutional Investors Weigh In On Wabtec

Several hedge funds and other institutional investors have recently made changes to their positions in WAB. Norges Bank bought a new stake in Wabtec in the second quarter worth about $347,194,000. Farallon Capital Management LLC boosted its holdings in shares of Wabtec by 68.6% in the third quarter. Farallon Capital Management LLC now owns 2,205,098 shares of the transportation company’s stock valued at $442,056,000 after purchasing an additional 896,900 shares during the period. UBS Group AG grew its stake in Wabtec by 194.2% in the third quarter. UBS Group AG now owns 1,033,304 shares of the transportation company’s stock worth $207,146,000 after purchasing an additional 682,048 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in shares of Wabtec in the 2nd quarter worth $121,612,000. Finally, AQR Capital Management LLC increased its position in Wabtec by 76.3% during the 3rd quarter. AQR Capital Management LLC now owns 1,229,270 shares of the transportation company’s stock valued at $245,534,000 after purchasing an additional 532,121 shares during the period. Hedge funds and other institutional investors own 91.69% of the company’s stock.

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.