Wabtec (NYSE:WAB) CEO Sells $16,362,494.28 in Stock

Wabtec (NYSE:WAB) CEO Rafael Santana sold 60,852 shares of the company’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $268.89, for a total value of $16,362,494.28. Following the transaction, the chief executive officer directly owned 128,729 shares in the company, valued at $34,613,940.81. This represents a 32.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 Monday, March 9th, Rafael Santana sold 1,163 shares of Wabtec stock. The shares were sold at an average price of $243.10, for a total value of $282,725.30.
• On Tuesday, February 10th, Rafael Santana sold 1,798 shares of Wabtec stock. The shares were sold at an average price of $245.71, for a total value of $441,786.58.

Wabtec Stock Performance

Shares of NYSE WAB traded down $1.33 during trading on Thursday, reaching $256.06. 528,323 shares of the stock traded hands, compared to its average volume of 897,943. Wabtec has a 52-week low of $165.17 and a 52-week high of $275.84. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.11 and a quick ratio of 0.57. The company has a 50-day moving average of $252.69 and a 200-day moving average of $225.86. The stock has a market capitalization of $43.57 billion, a P/E ratio of 37.50, a price-to-earnings-growth ratio of 2.02 and a beta of 0.99.

Wabtec (NYSE:WAB) last issued its quarterly earnings results on Wednesday, February 11th. The transportation company reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.02. The firm had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.86 billion. Wabtec had a return on equity of 14.12% and a net margin of 10.48%.The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.68 EPS. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. Analysts forecast that Wabtec will post 8.54 EPS for the current fiscal year.

Wabtec announced that its Board of Directors has authorized a stock buyback plan on Wednesday, February 11th that authorizes the company to buyback $1.20 billion in outstanding shares. This buyback authorization authorizes the transportation company to purchase up to 2.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Wabtec Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th were given a dividend of $0.31 per share. This is a boost from Wabtec’s previous quarterly dividend of $0.25. This represents a $1.24 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Tuesday, February 17th. Wabtec’s dividend payout ratio (DPR) is currently 18.16%.

Hedge Funds Weigh In On Wabtec

Institutional investors have recently added to or reduced their stakes in the business. Piscataqua Savings Bank grew its position in Wabtec by 12,800.0% during the 3rd quarter. Piscataqua Savings Bank now owns 129 shares of the transportation company’s stock worth $26,000 after acquiring an additional 128 shares during the last quarter. Motco grew its position in Wabtec by 6,600.0% during the 3rd quarter. Motco now owns 134 shares of the transportation company’s stock worth $27,000 after acquiring an additional 132 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd grew its position in Wabtec by 125.9% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock worth $28,000 after acquiring an additional 73 shares during the last quarter. Manchester Capital Management LLC grew its position in Wabtec by 122.0% during the 4th quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock worth $28,000 after acquiring an additional 72 shares during the last quarter. Finally, McMillan Office Inc. bought a new position in Wabtec during the 4th quarter worth approximately $31,000. 91.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on WAB shares. Susquehanna set a $300.00 price target on Wabtec in a research report on Thursday, February 12th. Morgan Stanley reiterated an “overweight” rating and set a $315.00 price target on shares of Wabtec in a research report on Tuesday, February 17th. Rothschild & Co Redburn upgraded Wabtec from a “neutral” rating to a “buy” rating and upped their price target for the company from $262.00 to $285.00 in a research report on Thursday, March 26th. Wolfe Research upgraded Wabtec from a “peer perform” rating to an “outperform” rating and set a $245.00 target price on the stock in a research note on Thursday, January 8th. Finally, Citigroup upped their target price on Wabtec from $283.00 to $292.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Wabtec presently has a consensus rating of “Moderate Buy” and an average target price of $275.75.

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.