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 firm's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $213.35, for a total value of $189,028.10. Following the completion of the sale, the chief executive officer directly owned 141,186 shares of the company's stock, valued at approximately $30,122,033.10. The trade was a 0.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 stock was sold at an average price of $191.70, for a total transaction of $13,195,286.10.

Wabtec Price Performance

Shares of NYSE WAB traded down $0.18 during mid-day trading on Friday, reaching $213.57. The company had a trading volume of 646,775 shares, compared to its average volume of 1,066,565. The firm has a market cap of $36.55 billion, a price-to-earnings ratio of 33.47, a PEG ratio of 1.50 and a beta of 1.12. The business's 50-day simple moving average is $203.75 and its 200 day simple moving average is $192.98. Wabtec has a one year low of $147.66 and a one year high of $216.10. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.73 and a current ratio of 1.34.

Wabtec (NYSE:WAB - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.61 billion. Wabtec had a net margin of 10.53% and a return on equity of 13.35%. The business's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.89 earnings per share. On average, research analysts predict that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Tuesday, May 27th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.47%. Wabtec's dividend payout ratio is currently 15.67%.

Institutional Investors Weigh In On Wabtec

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB raised its holdings in shares of 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 buying an additional 56 shares in the last quarter. UMB Bank n.a. grew its position in Wabtec by 22.2% in the second quarter. UMB Bank n.a. now owns 358 shares of the transportation company's stock valued at $75,000 after acquiring an additional 65 shares during the last quarter. CX Institutional raised its stake in Wabtec by 6.3% during the second quarter. CX Institutional now owns 1,478 shares of the transportation company's stock worth $309,000 after acquiring an additional 87 shares in the last quarter. Wedmont Private Capital raised its stake in Wabtec by 4.4% during the second quarter. Wedmont Private Capital now owns 2,190 shares of the transportation company's stock worth $467,000 after acquiring an additional 92 shares in the last quarter. Finally, Greenleaf Trust lifted its holdings in shares of Wabtec by 2.8% in the first quarter. Greenleaf Trust now owns 3,437 shares of the transportation company's stock worth $623,000 after acquiring an additional 93 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on WAB shares. Bank of America increased their target price on Wabtec from $231.00 to $236.00 and gave the stock a "buy" rating in a research note on Tuesday. KeyCorp reaffirmed an "overweight" rating and issued a $240.00 price objective (up from $220.00) on shares of Wabtec in a report on Tuesday, June 24th. JPMorgan Chase & Co. boosted their target price on shares of Wabtec from $175.00 to $194.00 and gave the company a "neutral" rating in a research report on Thursday, April 24th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $201.00 price target (up from $175.00) on shares of Wabtec in a research report on Wednesday, April 23rd. Finally, Susquehanna dropped their price objective on shares of Wabtec from $218.00 to $210.00 and set a "positive" rating for the company in a research note on Thursday, April 24th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Wabtec currently has a consensus rating of "Moderate Buy" and an average price target 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.