Rafael Santana Sells 1,163 Shares of Wabtec (NYSE:WAB) Stock

Wabtec (NYSE:WAB) CEO Rafael Santana sold 1,163 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $261.65, for a total value of $304,298.95. Following the transaction, the chief executive officer owned 125,240 shares of the company’s stock, valued at $32,769,046. This represents a 0.92% decrease in their position. The transaction was disclosed in a document filed 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, 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 value of $303,612.78.
• On Monday, May 4th, Rafael Santana sold 1,163 shares of Wabtec stock. The shares were sold at an average price of $263.77, for a total value of $306,764.51.
• On Tuesday, April 14th, Rafael Santana sold 60,852 shares of Wabtec stock. The shares were sold at an average price of $268.89, for a total value of $16,362,494.28.

Wabtec Trading Down 3.4%

NYSE:WAB opened at $256.85 on Thursday. Wabtec has a 12-month low of $184.26 and a 12-month high of $275.84. The firm has a market capitalization of $43.58 billion, a P/E ratio of 36.33, a P/E/G ratio of 1.90 and a beta of 0.94. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.02 and a quick ratio of 0.54. The business has a 50 day simple moving average of $262.21 and a 200 day simple moving average of $242.85.

Wabtec (NYSE:WAB) last released its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.62 by $0.09. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The business had revenue of $2.95 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same quarter in the previous year, the firm posted $2.28 EPS. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. Equities research analysts predict that Wabtec will post 10.61 EPS for the current year.

Wabtec declared that its Board of Directors has initiated a share buyback program on Wednesday, February 11th that allows the company to buyback $1.20 billion in shares. This buyback authorization allows the transportation company to buy up to 2.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.

Wabtec Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Friday, May 22nd were given 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 was Friday, May 22nd. Wabtec’s payout ratio is 17.54%.

Analysts Set New Price Targets

A number of brokerages have issued reports on WAB. Susquehanna reiterated a “positive” rating and set a $305.00 price target on shares of Wabtec in a research report on Thursday, April 23rd. Wells Fargo & Company boosted their price target on Wabtec from $270.00 to $284.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Stephens boosted their price target on Wabtec from $230.00 to $290.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a research report on Monday, April 20th. Finally, Citigroup boosted their price target on Wabtec from $283.00 to $292.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Wabtec currently has a consensus rating of “Moderate Buy” and a consensus price target of $289.82.

Institutional Trading of Wabtec

Several institutional investors have recently modified their holdings of the company. Meeder Advisory Services Inc. lifted its holdings in shares of 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. lifted its holdings in shares of Wabtec by 3.9% in the fourth quarter. Hilltop Holdings Inc. now owns 1,069 shares of the transportation company’s stock valued at $228,000 after buying an additional 40 shares during the period. Apollon Wealth Management LLC lifted its holdings 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 valued at $770,000 after buying an additional 48 shares during the period. CI Investments Inc. lifted its holdings in shares of Wabtec by 6.1% in the third quarter. CI Investments Inc. now owns 865 shares of the transportation company’s stock valued at $173,000 after buying an additional 50 shares during the period. Finally, IHT Wealth Management LLC lifted its holdings 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 valued at $1,037,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

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.