Wabtec (NYSE:WAB) CEO Sells $366,090.78 in Stock

Wabtec (NYSE:WAB) CEO Rafael Santana sold 1,798 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $203.61, for a total value of $366,090.78. Following the sale, the chief executive officer owned 129,537 shares in the company, valued at $26,375,028.57. The trade was a 1.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Rafael Santana also recently made the following trade(s):

• On Tuesday, October 14th, Rafael Santana sold 1,798 shares of Wabtec stock. The stock was sold at an average price of $195.04, for a total value of $350,681.92.
• On Monday, September 15th, Rafael Santana sold 1,798 shares of Wabtec stock. The shares were sold at an average price of $189.63, for a total value of $340,954.74.
• On Friday, September 12th, Rafael Santana sold 1,799 shares of Wabtec stock. The shares were sold at an average price of $189.97, for a total value of $341,756.03.
• On Wednesday, August 20th, Rafael Santana sold 886 shares of Wabtec stock. The stock was sold at an average price of $192.83, for a total value of $170,847.38.

Wabtec Stock Performance

Shares of Wabtec stock traded up $2.23 on Wednesday, reaching $206.69. 269,322 shares of the stock were exchanged, compared to its average volume of 1,059,839. The company has a quick ratio of 0.75, a current ratio of 1.42 and a debt-to-equity ratio of 0.45. Wabtec has a twelve month low of $151.81 and a twelve month high of $216.10. The firm has a market capitalization of $35.33 billion, a price-to-earnings ratio of 30.09, a PEG ratio of 1.55 and a beta of 1.10. The business has a 50 day moving average price of $195.39 and a two-hundred day moving average price of $197.78.

Wabtec (NYSE:WAB) last released its quarterly earnings results on Wednesday, October 22nd. The transportation company reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.28 by $0.04. Wabtec had a net margin of 10.94% and a return on equity of 13.84%. The firm had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.88 billion. During the same quarter last year, the company earned $2.00 EPS. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. Analysts anticipate that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, November 12th. Wabtec’s dividend payout ratio is 14.53%.

Analysts Set New Price Targets

WAB has been the topic of several research reports. Bank of America increased their target price on Wabtec from $231.00 to $236.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. increased their price objective on Wabtec from $200.00 to $215.00 and gave the company a “neutral” rating in a report on Tuesday, October 14th. Citigroup initiated coverage on Wabtec in a report on Monday, September 22nd. They issued a “buy” rating and a $225.00 price objective on the stock. Susquehanna raised their price target on Wabtec from $235.00 to $240.00 and gave the stock a “positive” rating in a research note on Thursday, October 23rd. Finally, Morgan Stanley raised their price target on Wabtec from $220.00 to $226.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $225.38.

Hedge Funds Weigh In On Wabtec

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Wabtec by 2.5% during the second quarter. Vanguard Group Inc. now owns 19,930,893 shares of the transportation company’s stock worth $4,172,532,000 after purchasing an additional 493,437 shares during the last quarter. Geode Capital Management LLC raised its holdings in Wabtec by 0.7% during the second quarter. Geode Capital Management LLC now owns 4,288,014 shares of the transportation company’s stock worth $893,830,000 after purchasing an additional 30,489 shares during the last quarter. Boston Partners raised its holdings in Wabtec by 9.0% during the second quarter. Boston Partners now owns 2,261,456 shares of the transportation company’s stock worth $471,410,000 after purchasing an additional 186,248 shares during the last quarter. Nordea Investment Management AB raised its holdings in Wabtec by 24.0% during the third quarter. Nordea Investment Management AB now owns 1,974,257 shares of the transportation company’s stock worth $393,252,000 after purchasing an additional 381,728 shares during the last quarter. Finally, Norges Bank acquired a new position in Wabtec during the second quarter worth $347,194,000. 91.69% of the stock is owned by institutional investors and hedge funds.

About Wabtec

Westinghouse Air Brake Technologies Corporation, together with its subsidiaries, provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It offers diesel-electric, battery, and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products.