Insider Selling: Wabtec (NYSE:WAB) CEO Sells $347,783.52 in Stock

Wabtec (NYSE:WAB) CEO Rafael Santana sold 1,163 shares of Wabtec stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $299.04, for a total value of $347,783.52. Following the transaction, the chief executive officer owned 120,588 shares in the company, valued at approximately $36,060,635.52. This represents a 0.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, July 6th, Rafael Santana sold 1,163 shares of Wabtec stock. The shares were sold at an average price of $262.07, for a total transaction of $304,787.41.
• 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 transaction of $303,612.78.
• 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 transaction of $304,298.95.

Wabtec Stock Performance

Wabtec stock opened at $292.29 on Friday. The firm has a 50 day simple moving average of $273.24 and a 200-day simple moving average of $260.21. The stock has a market cap of $49.37 billion, a price-to-earnings ratio of 39.29, a price-to-earnings-growth ratio of 1.98 and a beta of 0.93. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 0.59. Wabtec has a 1-year low of $184.26 and a 1-year high of $306.64.

Wabtec (NYSE:WAB) last released its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $2.76 EPS for the quarter, beating the consensus estimate of $2.60 by $0.16. The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.07 billion. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. On average, analysts expect that Wabtec will post 10.86 EPS for the current year.

Wabtec Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, August 18th. Wabtec’s dividend payout ratio is 16.67%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. acquired a new stake in Wabtec in the 2nd quarter valued at about $26,000. Whipplewood Advisors LLC acquired a new position in shares of Wabtec during the first quarter worth about $25,000. Bell Investment Advisors Inc purchased a new stake in shares of Wabtec during the second quarter worth approximately $29,000. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Wabtec by 125.9% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock worth $28,000 after buying an additional 73 shares during the period. Finally, 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 valued at $28,000 after acquiring an additional 72 shares in the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on WAB. Stephens upped their target price on shares of Wabtec from $320.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Morgan Stanley increased their price objective on shares of Wabtec from $318.00 to $355.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Wolfe Research reiterated an “outperform” rating and issued a $303.00 target price on shares of Wabtec in a report on Thursday, April 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a research report on Friday, July 17th. Finally, KeyCorp upped their price target on Wabtec from $308.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $310.64.

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.