Wabtec (NYSE:WAB – Get Free Report) CEO Rafael Santana sold 1,163 shares of Wabtec stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $262.07, for a total value of $304,787.41. Following the sale, the chief executive officer owned 122,914 shares of the company’s stock, valued at approximately $32,212,071.98. This represents a 0.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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 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 transaction of $303,612.78.
- On Friday, June 5th, Rafael Santana sold 1,163 shares of Wabtec stock. The shares were 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 Trading Up 0.4%
Shares of WAB opened at $259.98 on Friday. The stock has a fifty day moving average of $264.85 and a two-hundred day moving average of $251.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.54 and a current ratio of 1.02. The company has a market capitalization of $44.11 billion, a PE ratio of 36.77, a price-to-earnings-growth ratio of 1.85 and a beta of 0.94. Wabtec has a fifty-two week low of $184.26 and a fifty-two week high of $284.91.
Wabtec Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Friday, May 22nd were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, May 22nd. Wabtec’s dividend payout ratio (DPR) is presently 17.54%.
Hedge Funds Weigh In On Wabtec
Hedge funds and other institutional investors have recently modified their holdings of the company. Meeder Advisory Services Inc. raised its holdings in Wabtec by 1.6% in the first quarter. Meeder Advisory Services Inc. now owns 2,471 shares of the transportation company’s stock valued at $618,000 after buying an additional 38 shares during the period. Hilltop Holdings Inc. grew its stake in Wabtec by 3.9% during the fourth quarter. Hilltop Holdings Inc. now owns 1,069 shares of the transportation company’s stock worth $228,000 after buying an additional 40 shares during the period. Apollon Wealth Management LLC increased its position in shares of Wabtec by 1.6% in the first quarter. Apollon Wealth Management LLC now owns 3,081 shares of the transportation company’s stock worth $770,000 after acquiring an additional 48 shares in the last quarter. IHT Wealth Management LLC increased its position in shares of Wabtec by 1.0% in the fourth quarter. IHT Wealth Management LLC now owns 4,856 shares of the transportation company’s stock worth $1,037,000 after acquiring an additional 50 shares in the last quarter. Finally, Carnegie Investment Counsel raised its stake in shares of Wabtec by 2.5% in the 4th quarter. Carnegie Investment Counsel now owns 2,051 shares of the transportation company’s stock valued at $438,000 after acquiring an additional 51 shares during the period. 91.69% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have recently commented on WAB. Rothschild & Co Redburn raised shares of Wabtec from a “neutral” rating to a “buy” rating and upped their price objective for the company from $262.00 to $285.00 in a research note on Thursday, March 26th. Wells Fargo & Company boosted their target price on shares of Wabtec from $270.00 to $284.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Susquehanna reaffirmed a “positive” rating and set a $305.00 price target on shares of Wabtec in a research report on Thursday, April 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a research note on Monday, April 20th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $290.00 price target (down from $300.00) on shares of Wabtec in a report on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $289.82.
Check Out Our Latest Research Report on WAB
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.
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