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 on Tuesday, August 4th. The stock was sold at an average price of $299.04, for a total value of $347,783.52. Following the completion of the transaction, the chief executive officer owned 120,588 shares of the company’s stock, valued at $36,060,635.52. This represents a 0.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, July 6th, Rafael Santana sold 1,163 shares of Wabtec stock. The stock was sold at an average price of $262.07, for a total value of $304,787.41.
• On Monday, June 8th, Rafael Santana sold 1,163 shares of Wabtec stock. The stock was sold at an average price of $261.06, for a total value of $303,612.78.
• On Friday, June 5th, Rafael Santana sold 1,163 shares of Wabtec stock. The shares were sold at an average price of $261.65, for a total transaction of $304,298.95.

Wabtec Stock Performance

Shares of NYSE WAB opened at $292.29 on Friday. The firm’s 50-day moving average price is $273.24 and its 200-day moving average price is $260.21. The company has a quick ratio of 0.59, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. The company has a market cap of $49.37 billion, a PE ratio of 39.29, a PEG ratio of 2.00 and a beta of 0.93. Wabtec has a 52-week low of $184.26 and a 52-week high of $306.64.

Wabtec (NYSE:WAB) last released its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.60 by $0.16. The firm had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.07 billion. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The firm’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.27 earnings per share. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. As a group, analysts anticipate that Wabtec will post 10.86 EPS for the current year.

Wabtec Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be paid a dividend of $0.31 per share. The ex-dividend date is Tuesday, August 18th. This represents a $1.24 dividend on an annualized basis and a yield of 0.4%. Wabtec’s payout ratio is currently 16.67%.

Institutional Investors Weigh In On Wabtec

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WAB. BlackRock Inc. purchased a new stake in shares of Wabtec in the second quarter worth $3,741,077,000. Norges Bank bought a new position in Wabtec in the 4th quarter worth $409,039,000. Price T Rowe Associates Inc. MD increased its stake in Wabtec by 20.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company’s stock worth $1,700,238,000 after buying an additional 1,344,744 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Wabtec during the second quarter valued at about $212,692,000. Finally, Deutsche Bank AG bought a new stake in Wabtec during the second quarter valued at about $207,228,000. Institutional investors own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. KeyCorp lifted their price objective on Wabtec from $308.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Wall Street Zen downgraded Wabtec from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Wolfe Research reissued an “outperform” rating and issued a $303.00 target price on shares of Wabtec in a research report on Thursday, April 23rd. Morgan Stanley boosted their price target on Wabtec from $318.00 to $355.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Finally, Susquehanna upped their price target on shares of Wabtec from $305.00 to $340.00 and gave the company a “positive” rating in a research report on Thursday, July 23rd. 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, the company currently has an average rating of “Moderate Buy” and an average price target of $310.64.

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.