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

Wabtec (NYSE:WAB) CEO Rafael Santana sold 1,163 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $262.07, for a total transaction of $304,787.41. Following the sale, the chief executive officer directly owned 122,914 shares of the company’s stock, valued at $32,212,071.98. This represents a 0.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $261.06, for a total value of $303,612.78.
• On Friday, June 5th, Rafael Santana sold 1,163 shares of Wabtec stock. The stock was 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 stock was sold at an average price of $268.89, for a total transaction of $16,362,494.28.

Wabtec Stock Down 0.0%

Shares of NYSE WAB traded down $0.05 during midday trading on Wednesday, reaching $259.14. The company’s stock had a trading volume of 498,579 shares, compared to its average volume of 805,573. The stock has a 50 day simple moving average of $264.92 and a 200-day simple moving average of $250.99. 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 stock has a market capitalization of $43.97 billion, a price-to-earnings ratio of 36.65, a PEG ratio of 1.85 and a beta of 0.94. Wabtec has a fifty-two week low of $184.26 and a fifty-two week high of $284.91.

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

Wabtec Announces Dividend

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

Hedge Funds Weigh In On Wabtec

A number of hedge funds and other institutional investors have recently bought and sold shares of WAB. SG Americas Securities LLC lifted its stake in shares of Wabtec by 809.6% during the 4th quarter. SG Americas Securities LLC now owns 152,297 shares of the transportation company’s stock worth $32,508,000 after buying an additional 135,553 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Wabtec by 5.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 85,485 shares of the transportation company’s stock valued at $18,247,000 after buying an additional 4,266 shares during the last quarter. Nordea Investment Management AB raised its holdings in Wabtec by 55.5% in the 4th quarter. Nordea Investment Management AB now owns 3,069,340 shares of the transportation company’s stock valued at $659,939,000 after acquiring an additional 1,095,083 shares during the period. Exchange Traded Concepts LLC raised its holdings in Wabtec by 897.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 15,502 shares of the transportation company’s stock valued at $3,309,000 after acquiring an additional 13,948 shares during the period. Finally, Azzad Asset Management Inc. ADV lifted its position in Wabtec by 47.7% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 8,710 shares of the transportation company’s stock worth $1,859,000 after acquiring an additional 2,811 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Citigroup raised their price target on Wabtec from $283.00 to $292.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Jefferies Financial Group reiterated a “buy” rating and set a $290.00 price objective (down from $300.00) on shares of Wabtec in a research note on Tuesday, March 31st. Wall Street Zen downgraded Wabtec from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. JPMorgan Chase & Co. decreased their target price on shares of Wabtec from $290.00 to $280.00 and set a “neutral” rating for the company in a research note on Friday, April 10th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a report on Monday, April 20th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus 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.