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

Wabtec (NYSE:WAB) CEO Rafael Santana sold 1,087 shares of the business’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $291.79, for a total transaction of $317,175.73. Following the completion of the sale, the chief executive officer owned 116,155 shares of the company’s stock, valued at approximately $33,892,867.45. This represents a 0.93% decrease in their position. The transaction was disclosed in a filing with the SEC, 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 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 transaction of $347,783.52.

Wabtec Stock Down 3.1%

NYSE:WAB traded down $8.91 during trading hours on Wednesday, reaching $282.25. The company’s stock had a trading volume of 891,838 shares, compared to its average volume of 909,186. The company has a market capitalization of $47.67 billion, a P/E ratio of 37.94, a price-to-earnings-growth ratio of 1.97 and a beta of 0.92. Wabtec has a 12 month low of $186.06 and a 12 month high of $306.64. 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 50 day moving average price of $289.82 and a two-hundred day moving average price of $272.90.

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

Wabtec Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Welch & Forbes LLC boosted its stake 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. Parkside Financial Bank & Trust increased its stake in Wabtec by 4.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 851 shares of the transportation company’s stock valued at $229,000 after purchasing an additional 37 shares in the last quarter. Meeder Advisory Services Inc. increased its stake in 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. Legacy Financial Advisors Inc. raised its holdings in shares of Wabtec by 3.4% in the second quarter. Legacy Financial Advisors Inc. now owns 1,141 shares of the transportation company’s stock worth $308,000 after buying an additional 38 shares during the last quarter. Finally, L2 Asset Management LLC raised its holdings in shares of Wabtec by 5.0% in the second quarter. L2 Asset Management LLC now owns 960 shares of the transportation company’s stock worth $259,000 after buying an additional 46 shares during the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WAB has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on shares of Wabtec from $315.00 to $320.00 and gave the stock a “neutral” rating in a report on Monday, September 21st. Stephens raised their price target on shares of Wabtec from $320.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Citigroup lifted their price objective on shares of Wabtec from $311.00 to $341.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. KeyCorp boosted their price objective on shares of Wabtec from $308.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Finally, Wells Fargo & Company increased their target price on shares of Wabtec from $284.00 to $315.00 and gave the company an “equal weight” rating in a research report on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $313.82.

Wabtec Company Profile

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.