Rafael Santana Sells 886 Shares of Wabtec (NYSE:WAB) Stock

Wabtec (NYSE:WAB) CEO Rafael Santana sold 886 shares of the firm’s stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $201.23, for a total transaction of $178,289.78. Following the completion of the transaction, the chief executive officer now directly owns 142,958 shares in the company, valued at approximately $28,767,438.34. The trade was a 0.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, May 13th, Rafael Santana sold 886 shares of Wabtec stock. The stock was sold at an average price of $204.07, for a total transaction of $180,806.02.
• On Friday, May 2nd, Rafael Santana sold 68,833 shares of Wabtec stock. The shares were sold at an average price of $191.70, for a total transaction of $13,195,286.10.
• On Wednesday, April 2nd, Rafael Santana sold 886 shares of Wabtec stock. The shares were sold at an average price of $185.07, for a total transaction of $163,972.02.

Wabtec Trading Down 0.4%

Wabtec stock opened at $200.03 on Friday. The stock has a market cap of $34.23 billion, a P/E ratio of 31.35, a PEG ratio of 1.48 and a beta of 1.12. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.34 and a quick ratio of 0.73. Wabtec has a 1 year low of $147.66 and a 1 year high of $210.88. The firm’s 50 day moving average price is $194.31 and its 200-day moving average price is $191.73.

Wabtec (NYSE:WAB) last released its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.25. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.61 billion. Wabtec had a net margin of 10.53% and a return on equity of 13.35%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.89 earnings per share. On average, equities analysts predict that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Tuesday, May 27th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.50%. Wabtec’s payout ratio is currently 15.67%.

Institutional Investors Weigh In On Wabtec

Several large investors have recently bought and sold shares of WAB. Putney Financial Group LLC bought a new stake in Wabtec in the fourth quarter worth $52,000. MassMutual Private Wealth & Trust FSB increased its position in Wabtec by 9.8% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 630 shares of the transportation company’s stock worth $114,000 after purchasing an additional 56 shares during the last quarter. Dorsey & Whitney Trust CO LLC bought a new stake in Wabtec in the fourth quarter worth $204,000. GF Fund Management CO. LTD. bought a new stake in Wabtec in the fourth quarter worth $205,000. Finally, Catalyst Funds Management Pty Ltd increased its position in Wabtec by 200.0% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 1,800 shares of the transportation company’s stock worth $341,000 after purchasing an additional 1,200 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on WAB. Susquehanna lowered their price target on shares of Wabtec from $218.00 to $210.00 and set a “positive” rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $201.00 price target (up previously from $175.00) on shares of Wabtec in a report on Wednesday, April 23rd. JPMorgan Chase & Co. lifted their price target on shares of Wabtec from $175.00 to $194.00 and gave the company a “neutral” rating in a report on Thursday, April 24th. Finally, Wall Street Zen raised shares of Wabtec from a “hold” rating to a “buy” rating in a report on Tuesday, May 6th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.83.

Wabtec Company Profile

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.