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

by · The Markets Daily

Wabtec (NYSE:WABGet Free Report) CEO Rafael Santana sold 1,163 shares of Wabtec stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $299.04, for a total value of $347,783.52. Following the completion of the transaction, the chief executive officer owned 120,588 shares in the company, valued at approximately $36,060,635.52. The trade was a 0.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 stock was sold at an average price of $262.07, for a total value of $304,787.41.
  • 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 value 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 value of $304,298.95.

Wabtec Price Performance

NYSE WAB traded down $1.45 during trading on Thursday, hitting $294.86. 234,352 shares of the company’s stock were exchanged, compared to its average volume of 924,910. The company has a market cap of $49.81 billion, a PE ratio of 39.65, a P/E/G ratio of 2.03 and a beta of 0.93. The company has a current ratio of 1.12, a quick ratio of 0.59 and a debt-to-equity ratio of 0.44. Wabtec has a fifty-two week low of $184.26 and a fifty-two week high of $306.64. The stock’s 50 day moving average price is $271.95 and its two-hundred day moving average price is $259.52.

Wabtec (NYSE:WABGet Free Report) last released its quarterly earnings data 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. The business had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.07 billion. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Research analysts expect that Wabtec will post 10.86 EPS for the current year.

Wabtec Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.24 annualized dividend and a dividend yield of 0.4%. Wabtec’s dividend payout ratio (DPR) is 16.67%.

Institutional Investors Weigh In On Wabtec

Several large investors have recently added to or reduced their stakes in WAB. Welch & Forbes LLC raised its holdings in Wabtec by 1.8% in the 2nd quarter. Welch & Forbes LLC now owns 2,050 shares of the transportation company’s stock worth $553,000 after purchasing an additional 36 shares in the last quarter. Meeder Advisory Services Inc. boosted its stake in shares of Wabtec by 1.6% during the 1st quarter. Meeder Advisory Services Inc. now owns 2,471 shares of the transportation company’s stock valued at $618,000 after purchasing an additional 38 shares in the last quarter. Hilltop Holdings Inc. increased its position in shares of Wabtec by 3.9% during the fourth quarter. Hilltop Holdings Inc. now owns 1,069 shares of the transportation company’s stock valued at $228,000 after buying an additional 40 shares during the period. Apollon Wealth Management LLC raised its stake in Wabtec by 1.6% in the first quarter. Apollon Wealth Management LLC now owns 3,081 shares of the transportation company’s stock worth $770,000 after buying an additional 48 shares in the last quarter. Finally, IHT Wealth Management LLC raised its stake in Wabtec by 1.0% in the fourth quarter. IHT Wealth Management LLC now owns 4,856 shares of the transportation company’s stock worth $1,037,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on WAB. Wall Street Zen downgraded Wabtec from a “buy” rating to a “hold” rating in a research report on Sunday. Wolfe Research restated an “outperform” rating and set a $303.00 price target on shares of Wabtec in a report on Thursday, April 23rd. Citigroup dropped their price objective on shares of Wabtec from $313.00 to $311.00 and set a “buy” rating for the company in a report on Monday, July 13th. Stephens lifted their target price on shares of Wabtec from $320.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a research note on Friday, July 17th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $310.64.

Read Our Latest Stock Report on Wabtec

About Wabtec

(Get Free Report)

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.

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