Sen. Markwayne Mullin Sells Off Shares of Wabtec (NYSE:WAB)

Senator Markwayne Mullin (R-Oklahoma) recently sold shares of Wabtec (NYSE:WAB). In a filing disclosed on October 01st, the Senator disclosed that they had sold between $1,001 and $15,000 in Wabtec stock on September 23rd.

Senator Markwayne Mullin also recently made the following trade(s):

• Purchased $50,001 – $100,000 in shares of Intuitive Surgical (NASDAQ:ISRG) on 9/24/2025.
• Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 9/24/2025.
• Sold $15,001 – $50,000 in shares of Accenture (NYSE:ACN) on 9/24/2025.
• Purchased $15,001 – $50,000 in shares of Intuit (NASDAQ:INTU) on 9/24/2025.
• Sold $15,001 – $50,000 in shares of Adobe (NASDAQ:ADBE) on 9/24/2025.
• Sold $15,001 – $50,000 in shares of iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) on 9/24/2025.
• Sold $15,001 – $50,000 in shares of Texas Instruments (NASDAQ:TXN) on 9/24/2025.
• Purchased $15,001 – $50,000 in shares of UnitedHealth Group (NYSE:UNH) on 9/24/2025.
• Sold $15,001 – $50,000 in shares of Wabtec (NYSE:WAB) on 9/23/2025.
• Sold $15,001 – $50,000 in shares of UnitedHealth Group (NYSE:UNH) on 8/1/2025.

Wabtec Stock Down 0.9%

Shares of WAB stock opened at $198.65 on Thursday. Wabtec has a 12-month low of $151.81 and a 12-month high of $216.10. The company has a quick ratio of 1.05, a current ratio of 1.76 and a debt-to-equity ratio of 0.44. The firm has a fifty day moving average of $192.46 and a 200-day moving average of $193.79. The company has a market capitalization of $33.96 billion, a price-to-earnings ratio of 29.65, a P/E/G ratio of 1.55 and a beta of 1.10.

Wabtec (NYSE:WAB) last posted its quarterly earnings data on Thursday, July 24th. The transportation company reported $2.27 EPS for the quarter, beating the consensus estimate of $2.18 by $0.09. The business had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Wabtec had a net margin of 10.92% and a return on equity of 13.65%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.96 EPS. Wabtec has set its FY 2025 guidance at 8.550-9.150 EPS. As a group, equities research analysts predict that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Thursday, August 14th. Wabtec’s dividend payout ratio is 14.93%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Wabtec by 2.5% in the second quarter. Vanguard Group Inc. now owns 19,930,893 shares of the transportation company’s stock worth $4,172,532,000 after acquiring an additional 493,437 shares during the last quarter. Geode Capital Management LLC increased its position in Wabtec by 0.7% during the 2nd 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 in the last quarter. Boston Partners lifted its stake in Wabtec by 9.0% in the 2nd quarter. Boston Partners now owns 2,261,456 shares of the transportation company’s stock valued at $471,410,000 after purchasing an additional 186,248 shares during the last quarter. Norges Bank bought a new position in Wabtec in the 2nd quarter valued at approximately $347,194,000. Finally, Amundi boosted its position in Wabtec by 36.8% in the second quarter. Amundi now owns 1,614,789 shares of the transportation company’s stock valued at $345,371,000 after buying an additional 434,401 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

Insider Activity

In other news, CEO Rafael Santana sold 1,799 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $189.97, for a total value of $341,756.03. Following the completion of the transaction, the chief executive officer directly owned 136,729 shares in the company, valued at approximately $25,974,408.13. This represents a 1.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 5,369 shares of company stock worth $1,042,586 in the last three months. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Morgan Stanley increased their price objective on Wabtec from $220.00 to $226.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Citigroup assumed coverage on shares of Wabtec in a report on Monday, September 22nd. They set a “buy” rating and a $225.00 target price for the company. Wall Street Zen cut shares of Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. lowered their target price on Wabtec from $216.00 to $200.00 and set a “neutral” rating on the stock in a research report on Thursday, August 14th. Finally, Susquehanna upped their target price on Wabtec from $210.00 to $235.00 and gave the stock a “positive” rating in a report on Friday, July 25th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $222.88.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father’s plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

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.