Wabtec (NYSE:WAB – Get Free Report) CEO Rafael Santana sold 1,163 shares of Wabtec stock in a transaction on Monday, June 8th. The stock was sold at an average price of $261.06, for a total transaction of $303,612.78. Following the sale, the chief executive officer directly owned 124,077 shares of the company’s stock, valued at $32,391,541.62. This represents a 0.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 Trading Up 2.0%
WAB traded up $5.17 during trading on Tuesday, reaching $264.80. 619,280 shares of the company’s stock were exchanged, compared to its average volume of 913,262. The company’s fifty day moving average price is $261.34 and its 200-day moving average price is $241.94. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.54 and a current ratio of 1.02. Wabtec has a fifty-two week low of $184.26 and a fifty-two week high of $275.84. The firm has a market capitalization of $44.93 billion, a PE ratio of 37.48, a P/E/G ratio of 1.86 and a beta of 0.94.
Wabtec announced that its board has approved a share repurchase program on Wednesday, February 11th that allows the company to buyback $1.20 billion in shares. This buyback authorization allows the transportation company to reacquire up to 2.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.
Wabtec Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Friday, May 22nd were issued a dividend of $0.31 per share. 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 payout ratio is currently 17.54%.
Analyst Upgrades and Downgrades
WAB has been the subject of several research analyst reports. Wall Street Zen lowered shares of Wabtec from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Jefferies Financial Group reissued 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. Rothschild & Co Redburn raised shares of Wabtec from a “neutral” rating to a “buy” rating and boosted their price target for the company from $262.00 to $285.00 in a report on Thursday, March 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a report on Monday, April 20th. Finally, Wells Fargo & Company boosted their price target 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. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Wabtec has a consensus rating of “Moderate Buy” and an average price target of $289.82.
View Our Latest Stock Report on Wabtec
Institutional Investors Weigh In On Wabtec
Institutional investors have recently added to or reduced their stakes in the stock. Whipplewood Advisors LLC bought a new stake in Wabtec in the 1st quarter valued at $25,000. Clal Insurance Enterprises Holdings Ltd lifted its position in Wabtec by 125.9% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 73 shares in the last quarter. Manchester Capital Management LLC lifted its position in Wabtec by 122.0% in the 4th quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 72 shares in the last quarter. McMillan Office Inc. bought a new stake in Wabtec in the 4th quarter valued at $31,000. Finally, Reflection Asset Management bought a new stake in Wabtec in the 4th quarter valued at $35,000. 91.69% of the stock is 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.
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