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

Wabtec (NYSE:WAB) CEO Rafael Santana sold 1,163 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $261.06, for a total transaction of $303,612.78. Following the completion of the sale, the chief executive officer owned 124,077 shares of the company’s stock, valued at $32,391,541.62. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 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.
• On Monday, May 4th, Rafael Santana sold 1,163 shares of Wabtec stock. The stock was sold at an average price of $263.77, for a total transaction of $306,764.51.
• On Tuesday, April 14th, Rafael Santana sold 60,852 shares of Wabtec stock. The stock was sold at an average price of $268.89, for a total transaction of $16,362,494.28.

Wabtec Stock Performance

Shares of WAB opened at $265.71 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.02 and a quick ratio of 0.54. Wabtec has a one year low of $184.26 and a one year high of $275.84. The company has a 50-day simple moving average of $261.83 and a two-hundred day simple moving average of $242.42. The firm has a market capitalization of $45.09 billion, a PE ratio of 37.58, a price-to-earnings-growth ratio of 1.86 and a beta of 0.94.

Wabtec (NYSE:WAB) last issued its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.62 by $0.09. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. The business had revenue of $2.95 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same period last year, the business posted $2.28 earnings per share. Wabtec’s quarterly revenue was up 13.0% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. On average, analysts anticipate that Wabtec will post 10.61 EPS for the current fiscal year.

Wabtec declared that its Board of Directors has authorized a share buyback plan on Wednesday, February 11th that allows the company to buyback $1.20 billion in shares. This buyback authorization allows the transportation company to buy up to 2.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Wabtec Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Friday, May 22nd were issued a $0.31 dividend. The ex-dividend date was Friday, May 22nd. This represents a $1.24 annualized dividend and a yield of 0.5%. Wabtec’s dividend payout ratio (DPR) is 17.54%.

Hedge Funds Weigh In On Wabtec

Hedge funds have recently added to or reduced their stakes in the company. Varma Mutual Pension Insurance Co raised its holdings in Wabtec by 9.1% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 47,924 shares of the transportation company’s stock worth $9,607,000 after acquiring an additional 4,000 shares during the last quarter. SG Americas Securities LLC raised its holdings in Wabtec by 809.6% in the 4th quarter. SG Americas Securities LLC now owns 152,297 shares of the transportation company’s stock worth $32,508,000 after acquiring an additional 135,553 shares during the last quarter. Nordea Investment Management AB raised its holdings in Wabtec by 55.5% in the 4th quarter. Nordea Investment Management AB now owns 3,069,340 shares of the transportation company’s stock worth $659,939,000 after acquiring an additional 1,095,083 shares during the last quarter. 111 Capital purchased a new position in Wabtec in the 3rd quarter worth approximately $949,000. Finally, Alberta Investment Management Corp purchased a new position in Wabtec in the 3rd quarter worth approximately $842,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on WAB. Stephens raised their target price on shares of Wabtec from $230.00 to $290.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Wall Street Zen downgraded shares of Wabtec from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a research note on Monday, April 20th. Rothschild & Co Redburn raised shares of Wabtec from a “neutral” rating to a “buy” rating and raised their target price for the company from $262.00 to $285.00 in a research note on Thursday, March 26th. Finally, Susquehanna reaffirmed a “positive” rating and set a $305.00 target price on shares of Wabtec in a research note on Thursday, April 23rd. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $289.82.

About Wabtec

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.