Wabtec (NYSE:WAB) CEO Sells $189,028.10 in Stock

Wabtec (NYSE:WAB - Get Free Report) CEO Rafael Santana sold 886 shares of Wabtec stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $213.35, for a total transaction of $189,028.10. Following the transaction, the chief executive officer directly owned 141,186 shares of the company's stock, valued at approximately $30,122,033.10. This trade represents a 0.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, June 17th, Rafael Santana sold 886 shares of Wabtec stock. The shares were sold at an average price of $201.23, for a total transaction of $178,289.78.
• 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.

Wabtec Stock Up 0.3%

Wabtec stock traded up $0.66 during midday trading on Thursday, hitting $213.71. 772,576 shares of the company were exchanged, compared to its average volume of 1,066,918. The company's fifty day moving average price is $202.77 and its 200-day moving average price is $192.69. The company has a market cap of $36.57 billion, a PE ratio of 33.50, a price-to-earnings-growth ratio of 1.56 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 fifty-two week low of $147.66 and a fifty-two week high of $216.10.

Wabtec (NYSE:WAB - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The transportation company reported $2.28 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same period in the prior year, the company posted $1.89 EPS. Wabtec's quarterly revenue was up 4.5% on a year-over-year basis. On average, research analysts predict that Wabtec will post 8.54 EPS for the current fiscal year.

Wabtec Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 0.47%. Wabtec's dividend payout ratio is currently 15.67%.

Wall Street Analysts Forecast Growth

WAB has been the subject of a number of analyst reports. The Goldman Sachs Group reissued a "neutral" rating and set a $201.00 price objective (up from $175.00) on shares of Wabtec in a research report on Wednesday, April 23rd. Wall Street Zen raised shares of Wabtec from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. KeyCorp restated an "overweight" rating and issued a $240.00 price objective (up previously from $220.00) on shares of Wabtec in a research note on Tuesday, June 24th. Bank of America lifted their target price on Wabtec from $231.00 to $236.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. boosted their target price on Wabtec from $175.00 to $194.00 and gave the company a "neutral" rating in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Wabtec currently has an average rating of "Moderate Buy" and an average target price of $216.83.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in WAB. Dorsey & Whitney Trust CO LLC bought a new position in shares of Wabtec in the 4th quarter valued at approximately $204,000. AGF Management Ltd. acquired a new stake in Wabtec in the 4th quarter valued at approximately $10,566,000. Catalyst Funds Management Pty Ltd grew its holdings in Wabtec by 200.0% in the 4th quarter. Catalyst Funds Management Pty Ltd now owns 1,800 shares of the transportation company's stock valued at $341,000 after buying an additional 1,200 shares during the last quarter. Twin Tree Management LP grew its holdings in Wabtec by 108.8% in the 4th quarter. Twin Tree Management LP now owns 2,960 shares of the transportation company's stock valued at $561,000 after buying an additional 36,435 shares during the last quarter. Finally, Cibc World Markets Corp grew its holdings in Wabtec by 14.4% in the 4th quarter. Cibc World Markets Corp now owns 27,266 shares of the transportation company's stock valued at $5,169,000 after buying an additional 3,441 shares during the last quarter. 91.69% of the stock is owned by institutional investors.

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.