Wabtec (NYSE:WAB) CFO Tunon Alvaro Garcia unloaded 9,340 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $66.05, for a total transaction of $616,907.00. Following the completion of the sale, the chief financial officer now directly owns 49,094 shares of the company’s stock, valued at approximately $3,242,659. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on WAB. Analysts at Janney Montgomery Scott raised their price target on shares of Wabtec from $54.00 to $66.00 in a research note to investors on Friday, October 25th. They now have a “neutral” rating on the stock. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Wabtec from $65.00 to $69.00 in a research note to investors on Tuesday, October 8th. They now have a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $74.25.
Wabtec (NYSE:WAB) traded down 0.53% during mid-day trading on Tuesday, hitting $66.01. 155,640 shares of the company’s stock traded hands. Wabtec has a 52-week low of $39.345 and a 52-week high of $66.75. The stock’s 50-day moving average is $64.06 and its 200-day moving average is $57.88. The company has a market cap of $6.355 billion and a price-to-earnings ratio of 22.77.
Wabtec (NYSE:WAB) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.76. The company had revenue of $631.10 million for the quarter, compared to the consensus estimate of $653.52 million. During the same quarter in the previous year, the company posted $1.30 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, analysts predict that Wabtec will post $3.04 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend is Wednesday, November 13th.
Westinghouse Air Brake Technologies Corporation (NYSE:WAB), doing business as Wabtec Corporation, is a providers of value-added, technology-based equipment and services for the global rail industry.
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