Rafael Santana Sells 1,163 Shares of Wabtec (NYSE:WAB) Stock

Key Points

• Rafael Santana sold 1,163 Wabtec shares on March 9 at an average of $243.10 for $282,725.30, reducing his stake by 0.61% to 190,744 shares.
• The company’s Board authorized a $1.2 billion share buyback (about 2.9% of shares) and raised the quarterly dividend to $0.31 (annualized $1.24, ~0.5% yield).
• Wabtec beat quarterly estimates with $2.10 EPS (vs. $2.08 expected) and $2.97B revenue, set FY2026 guidance of 10.05–10.45 EPS, and carries an average analyst price target of $269 ("Moderate Buy").

Wabtec (NYSE:WAB - Get Free Report) CEO Rafael Santana sold 1,163 shares of the firm's stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $243.10, for a total transaction of $282,725.30. Following the completion of the transaction, the chief executive officer owned 190,744 shares in the company, valued at $46,369,866.40. The trade was a 0.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Tuesday, February 10th, Rafael Santana sold 1,798 shares of Wabtec stock. The stock was sold at an average price of $245.71, for a total transaction of $441,786.58.
• On Wednesday, December 17th, Rafael Santana sold 1,798 shares of Wabtec stock. The stock was sold at an average price of $212.17, for a total transaction of $381,481.66.

Wabtec Trading Down 0.3%

Shares of WAB stock traded down $0.81 during mid-day trading on Wednesday, reaching $245.94. The company's stock had a trading volume of 578,125 shares, compared to its average volume of 853,260. The company's 50 day simple moving average is $240.77 and its 200-day simple moving average is $215.52. Wabtec has a 12-month low of $151.81 and a 12-month high of $266.27. The company has a quick ratio of 0.57, a current ratio of 1.11 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $41.94 billion, a PE ratio of 36.01, a price-to-earnings-growth ratio of 1.86 and a beta of 0.99.

Wabtec (NYSE:WAB - Get Free Report) last announced its quarterly earnings results on Wednesday, February 11th. The transportation company reported $2.10 earnings per share for the quarter, topping analysts' consensus estimates of $2.08 by $0.02. Wabtec had a net margin of 10.48% and a return on equity of 14.12%. The firm had revenue of $2.97 billion during the quarter, compared to analysts' expectations of $2.86 billion. During the same period in the prior year, the company earned $1.68 EPS. The firm's revenue was up 14.8% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. On average, research analysts predict that Wabtec will post 8.54 EPS for the current fiscal year.

Wabtec announced that its Board of Directors has authorized a stock buyback program on Wednesday, February 11th that authorizes the company to repurchase $1.20 billion in shares. This repurchase authorization authorizes the transportation company to buy up to 2.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Wabtec Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th were given a $0.31 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This is a positive change from Wabtec's previous quarterly dividend of $0.25. This represents a $1.24 annualized dividend and a dividend yield of 0.5%. Wabtec's dividend payout ratio (DPR) is currently 18.16%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wolfe Research upgraded Wabtec from a "peer perform" rating to an "outperform" rating and set a $245.00 target price on the stock in a report on Thursday, January 8th. Weiss Ratings restated a "buy (b)" rating on shares of Wabtec in a report on Wednesday, January 21st. Morgan Stanley reiterated an "overweight" rating and set a $315.00 price objective on shares of Wabtec in a research note on Tuesday, February 17th. Wells Fargo & Company lifted their target price on Wabtec from $224.00 to $270.00 and gave the stock an "equal weight" rating in a research report on Friday, February 13th. Finally, Susquehanna set a $300.00 price target on Wabtec in a research note on Thursday, February 12th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, Wabtec presently has an average rating of "Moderate Buy" and an average price target of $269.00.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in WAB. Penserra Capital Management LLC lifted its position in shares of Wabtec by 9.9% during the second quarter. Penserra Capital Management LLC now owns 933 shares of the transportation company's stock worth $195,000 after purchasing an additional 84 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in Wabtec by 24.5% in the second quarter. Los Angeles Capital Management LLC now owns 7,504 shares of the transportation company's stock valued at $1,571,000 after buying an additional 1,478 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in Wabtec by 7.3% during the second quarter. Parkside Financial Bank & Trust now owns 797 shares of the transportation company's stock valued at $167,000 after buying an additional 54 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Wabtec during the 2nd quarter worth approximately $2,542,000. Finally, Profund Advisors LLC lifted its holdings in Wabtec by 31.1% during the 2nd quarter. Profund Advisors LLC now owns 2,409 shares of the transportation company's stock worth $504,000 after buying an additional 571 shares during the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Wabtec Company Profile

Wabtec Corporation (Westinghouse Air Brake Technologies Corporation) is a global provider of equipment, systems and services for the rail industry. The company supplies products and solutions to freight railroads, transit agencies and other industrial operators, focusing on technologies that improve the performance, safety and efficiency of locomotives and rail networks. Wabtec's business spans new equipment manufacturing, aftermarket parts and services, and digital and control systems for rail operations.

Product and service offerings include locomotive systems and components, braking and air systems, propulsion and traction equipment, signaling and control technologies, and a range of aftermarket services such as maintenance, remanufacturing, parts distribution and fleet modernization.

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