Rafael Santana Sells 1,798 Shares of Wabtec (NYSE:WAB) Stock

Key Points

• CEO Rafael Santana sold 1,798 shares of Wabtec stock on October 14 for approximately $350,681.92, reducing his ownership by 1.33% to a total of 133,133 shares valued at about $25.97 million.
• Wabtec's stock price fell $1.22 to $195.92 in midday trading, with a 52-week range of $151.81 to $216.10 and a market cap of $33.49 billion.
• Several analysts have recently raised their target prices for Wabtec, with Susquehanna increasing its target from $210 to $235, reflecting strong investor sentiment.

Wabtec (NYSE:WAB - Get Free Report) CEO Rafael Santana sold 1,798 shares of Wabtec stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $195.04, for a total value of $350,681.92. Following the completion of the transaction, the chief executive officer owned 133,133 shares in the company, valued at approximately $25,966,260.32. The trade was a 1.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Monday, September 15th, Rafael Santana sold 1,798 shares of Wabtec stock. The shares were sold at an average price of $189.63, for a total value of $340,954.74.
• On Friday, September 12th, Rafael Santana sold 1,799 shares of Wabtec stock. The shares were sold at an average price of $189.97, for a total value of $341,756.03.
• On Wednesday, August 20th, Rafael Santana sold 886 shares of Wabtec stock. The shares were sold at an average price of $192.83, for a total value of $170,847.38.

Wabtec Price Performance

WAB stock traded down $1.22 during midday trading on Thursday, reaching $195.92. 55,955 shares of the stock were exchanged, compared to its average volume of 1,064,486. The stock has a market capitalization of $33.49 billion, a PE ratio of 29.24, a P/E/G ratio of 1.52 and a beta of 1.10. Wabtec has a 52 week low of $151.81 and a 52 week high of $216.10. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.76 and a quick ratio of 1.05. The company has a fifty day moving average price of $193.43 and a 200 day moving average price of $194.58.

Wabtec (NYSE:WAB - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The transportation company reported $2.27 earnings per share for the quarter, topping analysts' consensus estimates of $2.18 by $0.09. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.76 billion. Wabtec had a return on equity of 13.65% and a net margin of 10.92%.Wabtec's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.96 EPS. Wabtec has set its FY 2025 guidance at 8.550-9.150 EPS. As a group, analysts expect that Wabtec will post 8.54 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on WAB shares. Morgan Stanley lifted their target price on Wabtec from $220.00 to $226.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Susquehanna lifted their target price on Wabtec from $210.00 to $235.00 and gave the stock a "positive" rating in a report on Friday, July 25th. Citigroup started coverage on Wabtec in a report on Monday, September 22nd. They set a "buy" rating and a $225.00 target price on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Wabtec in a report on Wednesday, October 8th. Finally, KeyCorp reissued an "overweight" rating and issued a $240.00 price objective (up from $220.00) on shares of Wabtec in a research note on Tuesday, June 24th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $224.75.

Institutional Trading of Wabtec

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PFS Partners LLC raised its stake in shares of Wabtec by 70.4% in the second quarter. PFS Partners LLC now owns 121 shares of the transportation company's stock worth $25,000 after purchasing an additional 50 shares during the last quarter. Colonial Trust Advisors raised its stake in shares of Wabtec by 454.5% in the second quarter. Colonial Trust Advisors now owns 122 shares of the transportation company's stock worth $26,000 after purchasing an additional 100 shares during the last quarter. Trust Co. of Vermont raised its stake in shares of Wabtec by 44.2% in the second quarter. Trust Co. of Vermont now owns 163 shares of the transportation company's stock worth $34,000 after purchasing an additional 50 shares during the last quarter. North Capital Inc. raised its stake in shares of Wabtec by 18,900.0% in the third quarter. North Capital Inc. now owns 190 shares of the transportation company's stock worth $38,000 after purchasing an additional 189 shares during the last quarter. Finally, ST Germain D J Co. Inc. raised its stake in shares of Wabtec by 30.2% in the second quarter. ST Germain D J Co. Inc. now owns 207 shares of the transportation company's stock worth $43,000 after purchasing an additional 48 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.

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