Insider Selling: Wabtec (NYSE:WAB) CEO Sells $317,175.73 in Stock

Wabtec (NYSE:WAB) CEO Rafael Santana sold 1,087 shares of the firm’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $291.79, for a total value of $317,175.73. Following the sale, the chief executive officer owned 116,155 shares of the company’s stock, valued at $33,892,867.45. The trade was a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through 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 Tuesday, August 4th, Rafael Santana sold 1,163 shares of Wabtec stock. The shares were sold at an average price of $299.04, for a total value of $347,783.52.

Wabtec Stock Performance

WAB stock opened at $285.61 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.59 and a current ratio of 1.12. The stock has a market cap of $48.24 billion, a P/E ratio of 38.39, a P/E/G ratio of 1.90 and a beta of 0.92. The firm has a 50 day simple moving average of $289.27 and a 200 day simple moving average of $273.62. Wabtec has a 52 week low of $186.06 and a 52 week high of $306.64.

Wabtec (NYSE:WAB) last released its earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.60 by $0.16. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the prior year, the firm earned $2.27 EPS. The company’s revenue was up 17.5% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Research analysts anticipate that Wabtec will post 10.89 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Tuesday, August 18th. Wabtec’s dividend payout ratio is presently 16.67%.

Hedge Funds Weigh In On Wabtec

A number of institutional investors have recently modified their holdings of WAB. Wedmont Private Capital lifted its position in Wabtec by 25.6% during the 3rd quarter. Wedmont Private Capital now owns 3,156 shares of the transportation company’s stock worth $886,000 after acquiring an additional 644 shares during the last quarter. Mn Services Vermogensbeheer B.V. grew its position in shares of Wabtec by 2.4% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 50,445 shares of the transportation company’s stock valued at $14,487,000 after purchasing an additional 1,200 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Wabtec by 12.7% in the third quarter. GAMMA Investing LLC now owns 5,814 shares of the transportation company’s stock worth $1,670,000 after purchasing an additional 654 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Wabtec by 23.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 5,162 shares of the transportation company’s stock worth $1,483,000 after purchasing an additional 982 shares during the last quarter. Finally, Everhart Financial Group Inc. bought a new stake in Wabtec during the 3rd quarter valued at approximately $203,000. Institutional investors own 91.69% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on WAB shares. Weiss Ratings raised Wabtec from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday. Morgan Stanley raised their price objective on shares of Wabtec from $318.00 to $355.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. JPMorgan Chase & Co. lifted their target price on shares of Wabtec from $315.00 to $320.00 and gave the company a “neutral” rating in a research note on Monday, September 21st. Susquehanna increased their price target on shares of Wabtec from $305.00 to $340.00 and gave the stock a “positive” rating in a research note on Thursday, July 23rd. Finally, Wells Fargo & Company raised their price target on shares of Wabtec from $284.00 to $315.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $313.55.

About Wabtec

Wabtec Corporation, also known as Westinghouse Air Brake Technologies Corporation, provides equipment, systems, software and services for the global rail and transit industries. Its offerings support freight railroads, passenger rail operators, transit agencies, mining companies and other transportation customers.

The company manufactures and services locomotives, locomotive engines, braking systems, electronic and control equipment, train components, signaling and communications systems, and digital technologies designed to improve rail safety, efficiency and asset management.