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

Wabtec (NYSE:WAB) CEO Rafael Santana sold 1,163 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $263.77, for a total transaction of $306,764.51. Following the completion of the sale, the chief executive officer directly owned 127,566 shares in the company, valued at approximately $33,648,083.82. The trade was a 0.90% decrease in their ownership of the stock. The sale was disclosed in a 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 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.
• On Monday, March 9th, Rafael Santana sold 1,163 shares of Wabtec stock. The stock was sold at an average price of $243.10, for a total transaction of $282,725.30.
• On Tuesday, February 10th, Rafael Santana sold 1,798 shares of Wabtec stock. The stock was sold at an average price of $245.71, for a total transaction of $441,786.58.

Wabtec Trading Up 2.8%

Shares of Wabtec stock opened at $270.92 on Thursday. Wabtec has a 12-month low of $184.26 and a 12-month high of $275.84. The company has a market cap of $45.97 billion, a price-to-earnings ratio of 38.32, a PEG ratio of 1.88 and a beta of 0.97. The company has a current ratio of 1.02, a quick ratio of 0.54 and a debt-to-equity ratio of 0.42. The company’s 50-day moving average price is $255.31 and its 200-day moving average price is $232.22.

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

Wabtec Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.5%. This is a positive change from Wabtec’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, February 17th. Wabtec’s dividend payout ratio (DPR) is currently 17.54%.

Wabtec declared that its board has authorized a stock buyback program on Wednesday, February 11th that authorizes the company to repurchase $1.20 billion in outstanding shares. This repurchase authorization authorizes the transportation company to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on WAB shares. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a research report on Monday, April 20th. Morgan Stanley restated an “overweight” rating and issued a $318.00 price objective on shares of Wabtec in a research report on Monday, April 27th. JPMorgan Chase & Co. decreased their price objective on shares of Wabtec from $290.00 to $280.00 and set a “neutral” rating on the stock in a research report on Friday, April 10th. Susquehanna restated a “positive” rating and issued a $305.00 price objective on shares of Wabtec in a research report on Thursday, April 23rd. Finally, Stephens upped their price objective on shares of Wabtec from $230.00 to $290.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $289.82.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its position in Wabtec by 20.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company’s stock valued at $1,700,238,000 after acquiring an additional 1,344,744 shares during the last quarter. State Street Corp grew its position in Wabtec by 2.6% during the fourth quarter. State Street Corp now owns 7,658,040 shares of the transportation company’s stock valued at $1,634,609,000 after acquiring an additional 197,610 shares during the last quarter. Geode Capital Management LLC grew its position in Wabtec by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 4,366,157 shares of the transportation company’s stock valued at $928,249,000 after acquiring an additional 38,029 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Wabtec by 3.6% during the third quarter. Wellington Management Group LLP now owns 3,304,183 shares of the transportation company’s stock valued at $662,390,000 after purchasing an additional 116,329 shares during the period. Finally, Nordea Investment Management AB boosted its stake in shares of Wabtec by 55.5% during the fourth quarter. Nordea Investment Management AB now owns 3,069,340 shares of the transportation company’s stock valued at $659,939,000 after purchasing an additional 1,095,083 shares during the period. 91.69% of the stock is currently owned by institutional investors.

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.