Insider Selling: Wabtec (NYSE:WAB) CEO Sells 1,087 Shares of Company Stock

Key Points

• Wabtec CEO Rafael Santana sold 1,087 shares at an average price of $291.79, generating approximately $317,176. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, leaving him with 116,155 shares.
• Wabtec shares fell 3.1% to $282.25, despite the company reporting quarterly EPS and revenue above analyst expectations and 17.5% year-over-year revenue growth.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $313.82; Wabtec also pays a quarterly dividend of $0.31, yielding approximately 0.4%.

Wabtec (NYSE:WAB - Get Free Report) CEO Rafael Santana sold 1,087 shares of the business's stock in a transaction on Monday, October 5th. The shares were sold at an average price of $291.79, for a total transaction of $317,175.73. Following the transaction, the chief executive officer owned 116,155 shares in the company, valued at $33,892,867.45. This trade represents a 0.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 Tuesday, August 4th, Rafael Santana sold 1,163 shares of Wabtec stock. The shares were sold at an average price of $299.04, for a total transaction of $347,783.52.

Wabtec Trading Down 3.1%

Shares of Wabtec stock traded down $8.91 during trading on Wednesday, hitting $282.25. The stock had a trading volume of 891,838 shares, compared to its average volume of 909,186. Wabtec has a 12 month low of $186.06 and a 12 month high of $306.64. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 0.59. The firm's fifty day simple moving average is $289.82 and its 200-day simple moving average is $272.90. The stock has a market cap of $47.67 billion, a PE ratio of 37.94, a PEG ratio of 1.97 and a beta of 0.92.

Wabtec (NYSE:WAB - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $2.76 EPS for the quarter, beating the consensus estimate of $2.60 by $0.16. The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.07 billion. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The firm's revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. As a group, sell-side analysts expect that Wabtec will post 10.89 EPS for the current fiscal year.

Wabtec Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Tuesday, August 18th. Wabtec's dividend payout ratio is presently 16.67%.

Analyst Ratings Changes

WAB has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on Wabtec from $315.00 to $320.00 and gave the company a "neutral" rating in a report on Monday, September 21st. Wall Street Zen lowered Wabtec from a "buy" rating to a "hold" rating in a research note on Sunday, August 2nd. Weiss Ratings reiterated a "buy (b)" rating on shares of Wabtec in a research report on Friday, July 17th. Morgan Stanley boosted their target price on shares of Wabtec from $318.00 to $355.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Finally, Wells Fargo & Company upped their price target on shares of Wabtec from $284.00 to $315.00 and gave the stock an "equal weight" rating in a report on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Wabtec has a consensus rating of "Moderate Buy" and a consensus price target of $313.82.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Whipplewood Advisors LLC bought a new stake in Wabtec during the 1st quarter valued at $25,000. Meeder Asset Management Inc. bought a new position in shares of Wabtec during the 2nd quarter worth $26,000. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Wabtec by 125.9% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company's stock valued at $28,000 after buying an additional 73 shares during the period. Bell Investment Advisors Inc purchased a new position in shares of Wabtec during the second quarter valued at $29,000. Finally, Fiduciary Financial Advisors bought a new stake in shares of Wabtec in the second quarter valued at about $29,000. Institutional investors own 91.69% of the company's stock.

Wabtec Company Profile

Wabtec Corporation, also known as Westinghouse Air Brake Technologies Corporation, provides equipment, systems, software and services for the global rail and transit industries. Its offerings support freight railroads, passenger rail operators, transit agencies, mining companies and other transportation customers.

The company manufactures and services locomotives, locomotive engines, braking systems, electronic and control equipment, train components, signaling and communications systems, and digital technologies designed to improve rail safety, efficiency and asset management.

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