Rafael Santana Sells 1,163 Shares of Wabtec (NYSE:WAB) Stock

Wabtec (NYSE:WAB) CEO Rafael Santana sold 1,163 shares of Wabtec stock in a transaction that occurred 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 sale, the chief executive officer owned 120,588 shares in the company, valued at $36,060,635.52. This represents a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 stock was sold at an average price of $261.65, for a total transaction of $304,298.95.

Wabtec Stock Down 0.5%

Shares of Wabtec stock traded down $1.45 during trading on Thursday, hitting $294.86. The company’s stock had a trading volume of 234,352 shares, compared to its average volume of 924,910. 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 company has a fifty day simple moving average of $271.95 and a two-hundred day simple moving average of $259.52. The company has a market capitalization of $49.81 billion, a PE ratio of 39.65, a P/E/G ratio of 2.03 and a beta of 0.93. Wabtec has a 52 week low of $184.26 and a 52 week high of $306.64.

Wabtec (NYSE:WAB) last issued its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.60 by $0.16. The company 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%. Wabtec’s revenue was up 17.5% on a year-over-year basis. During the same period last year, the company posted $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Equities research analysts predict that Wabtec will post 10.86 earnings per share for the current year.

Wabtec Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Azzad Asset Management Inc. ADV boosted its stake in Wabtec by 47.7% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 8,710 shares of the transportation company’s stock valued at $1,859,000 after buying an additional 2,811 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Wabtec by 5.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 85,485 shares of the transportation company’s stock worth $18,247,000 after acquiring an additional 4,266 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Wabtec by 24,274.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 323,936 shares of the transportation company’s stock worth $69,144,000 after acquiring an additional 322,607 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Wabtec by 16.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 925,021 shares of the transportation company’s stock valued at $197,446,000 after acquiring an additional 132,091 shares during the last quarter. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Wabtec during the 4th quarter valued at approximately $2,134,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

WAB has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on Wabtec from $300.00 to $315.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Susquehanna raised their price target on Wabtec from $305.00 to $340.00 and gave the company a “positive” rating in a report on Thursday, July 23rd. Wall Street Zen lowered Wabtec from a “buy” rating to a “hold” rating in a research report on Sunday. Wells Fargo & Company upped their price target on shares of Wabtec from $284.00 to $315.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a research note on Friday, July 17th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.