Rafael Santana Sells 1,798 Shares of Wabtec (NYSE:WAB) Stock

Wabtec (NYSE:WAB) CEO Rafael Santana sold 1,798 shares of the stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $212.17, for a total value of $381,481.66. Following the sale, the chief executive officer owned 125,941 shares of the company’s stock, valued at approximately $26,720,901.97. This represents a 1.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Monday, November 3rd, Rafael Santana sold 1,798 shares of Wabtec stock. The stock was sold at an average price of $203.61, for a total value of $366,090.78.
• On Tuesday, October 14th, Rafael Santana sold 1,798 shares of Wabtec stock. The shares were sold at an average price of $195.04, for a total value of $350,681.92.

Wabtec Price Performance

Shares of WAB stock opened at $216.03 on Friday. Wabtec has a fifty-two week low of $151.81 and a fifty-two week high of $220.89. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.75 and a current ratio of 1.42. The firm has a market capitalization of $36.93 billion, a price-to-earnings ratio of 31.40, a PEG ratio of 1.66 and a beta of 0.99. The stock’s 50-day simple moving average is $204.95 and its 200-day simple moving average is $200.97.

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

Wabtec Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. Wabtec’s payout ratio is 14.53%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on WAB shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a research report on Wednesday, October 8th. Wells Fargo & Company lifted their target price on Wabtec from $221.00 to $224.00 and gave the stock an “equal weight” rating in a report on Wednesday. Susquehanna increased their price target on shares of Wabtec from $235.00 to $240.00 and gave the stock a “positive” rating in a report on Thursday, October 23rd. JPMorgan Chase & Co. raised their price target on shares of Wabtec from $200.00 to $215.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. Finally, Bank of America upped their price objective on shares of Wabtec from $228.00 to $233.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Wabtec presently has a consensus rating of “Moderate Buy” and an average target price of $227.11.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. PFS Partners LLC boosted its position in Wabtec by 70.4% in the 2nd quarter. PFS Partners LLC now owns 121 shares of the transportation company’s stock worth $25,000 after purchasing an additional 50 shares in the last quarter. Colonial Trust Advisors boosted its holdings in Wabtec by 454.5% during the second quarter. Colonial Trust Advisors now owns 122 shares of the transportation company’s stock worth $26,000 after buying an additional 100 shares in the last quarter. Piscataqua Savings Bank grew its position in Wabtec by 12,800.0% during the third quarter. Piscataqua Savings Bank now owns 129 shares of the transportation company’s stock valued at $26,000 after buying an additional 128 shares during the period. Motco increased its holdings in Wabtec by 6,600.0% in the third quarter. Motco now owns 134 shares of the transportation company’s stock valued at $27,000 after buying an additional 132 shares in the last quarter. Finally, Salomon & Ludwin LLC increased its holdings in Wabtec by 370.6% in the third quarter. Salomon & Ludwin LLC now owns 160 shares of the transportation company’s stock valued at $32,000 after buying an additional 126 shares in the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

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.