Wabtec (NYSE:WAB) CEO Rafael Santana Sells 886 Shares

Wabtec (NYSE:WAB - Get Free Report) CEO Rafael Santana sold 886 shares of the firm's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $213.35, for a total transaction of $189,028.10. Following the completion of the sale, the chief executive officer owned 141,186 shares of the company's stock, valued at $30,122,033.10. The trade was a 0.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 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.

Wabtec Trading Up 0.6%

Wabtec stock traded up $1.27 during midday trading on Wednesday, hitting $213.05. 648,394 shares of the stock were exchanged, compared to its average volume of 1,068,095. The company has a fifty day simple moving average of $202.77 and a two-hundred day simple moving average of $192.69. Wabtec has a 52 week low of $147.66 and a 52 week high of $216.10. The stock has a market capitalization of $36.46 billion, a PE ratio of 33.39, a P/E/G ratio of 1.56 and a beta of 1.12. The company has a quick ratio of 0.73, a current ratio of 1.34 and a debt-to-equity ratio of 0.34.

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

Wabtec Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders 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 0.47%. Wabtec's payout ratio is currently 15.67%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Putney Financial Group LLC acquired a new stake in shares of Wabtec in the fourth quarter valued at approximately $52,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Wabtec by 9.8% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 630 shares of the transportation company's stock valued at $114,000 after purchasing an additional 56 shares during the last quarter. Goelzer Investment Management Inc. acquired a new stake in shares of Wabtec in the second quarter valued at approximately $209,000. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Wabtec in the fourth quarter valued at approximately $204,000. Finally, GF Fund Management CO. LTD. acquired a new stake in shares of Wabtec in the fourth quarter valued at approximately $205,000. Institutional investors own 91.69% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on WAB shares. Wall Street Zen raised shares of Wabtec from a "hold" rating to a "buy" rating in a research note on Saturday. KeyCorp reaffirmed an "overweight" rating and issued a $240.00 target price (up previously from $220.00) on shares of Wabtec in a research note on Tuesday, June 24th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $201.00 target price (up previously from $175.00) on shares of Wabtec in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. raised their target price on shares of Wabtec from $175.00 to $194.00 and gave the company a "neutral" rating in a research note on Thursday, April 24th. Finally, Susquehanna reduced their target price on shares of Wabtec from $218.00 to $210.00 and set a "positive" rating on the stock in a research note 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.com, Wabtec currently has an average rating of "Moderate Buy" and an average target price of $216.83.

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.