Insider Selling: Wabtec (NYSE:WAB) CEO Sells 886 Shares of Stock

Wabtec (NYSE:WAB - Get Free Report) CEO Rafael Santana sold 886 shares of the stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $201.23, for a total value of $178,289.78. Following the completion of the transaction, the chief executive officer now owns 142,958 shares in the company, valued at $28,767,438.34. The trade was a 0.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Tuesday, May 13th, Rafael Santana sold 886 shares of Wabtec stock. The shares were 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 stock was sold at an average price of $185.07, for a total transaction of $163,972.02.

Wabtec Trading Down 0.2%

NYSE WAB opened at $200.61 on Friday. Wabtec has a one year low of $147.66 and a one year high of $210.88. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.34 and a quick ratio of 0.73. The firm has a market cap of $34.33 billion, a P/E ratio of 31.44, a P/E/G ratio of 1.48 and a beta of 1.12. The stock's 50-day moving average is $193.75 and its 200-day moving average is $191.81.

Wabtec (NYSE:WAB - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The transportation company reported $2.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.03 by $0.25. Wabtec had a return on equity of 13.35% and a net margin of 10.53%. The business had revenue of $2.61 billion during the quarter, compared to analysts' expectations of $2.61 billion. During the same period in the prior year, the business earned $1.89 EPS. Wabtec's revenue for the quarter was up 4.5% compared to the same quarter last year. Sell-side analysts anticipate that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Tuesday, May 27th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.50%. Wabtec's payout ratio is presently 15.67%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on WAB. The Goldman Sachs Group restated a "neutral" rating and issued a $201.00 price target (up from $175.00) on shares of Wabtec in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. increased their target price on Wabtec from $175.00 to $194.00 and gave the company a "neutral" rating in a research note on Thursday, April 24th. Wall Street Zen upgraded Wabtec from a "hold" rating to a "buy" rating in a research report on Tuesday, May 6th. Finally, Susquehanna lowered their price target on Wabtec from $218.00 to $210.00 and set a "positive" rating for the company in a research note on Thursday, April 24th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $211.83.

Institutional Trading of Wabtec

Hedge funds and other institutional investors have recently modified their holdings of the company. Putney Financial Group LLC bought a new position in shares of Wabtec during the fourth quarter worth about $52,000. MassMutual Private Wealth & Trust FSB boosted its position in Wabtec by 9.8% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 630 shares of the transportation company's stock worth $114,000 after acquiring an additional 56 shares during the last quarter. Dorsey & Whitney Trust CO LLC bought a new position in shares of Wabtec during the 4th quarter worth approximately $204,000. GF Fund Management CO. LTD. acquired a new stake in shares of Wabtec in the fourth quarter valued at approximately $205,000. Finally, Catalyst Funds Management Pty Ltd raised its holdings in shares of Wabtec by 200.0% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 1,800 shares of the transportation company's stock valued at $341,000 after purchasing an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company's stock.

About Wabtec

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.

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