Wabtec (NYSE:WAB) CEO Sells $306,764.51 in Stock

Key Points

• CEO Rafael Santana sold 1,163 shares on May 4 at an average price of $263.77 for $306,764.51 under a pre-arranged Rule 10b5-1 plan, trimming his stake to 127,566 shares (a 0.90% decrease).
• Santana previously sold a much larger block on April 14—60,852 shares for roughly $16.36 million—indicating notable insider selling activity this year.
• Wabtec beat quarterly EPS estimates with $2.71 and set FY2026 guidance of 10.25–10.65 EPS, while raising its quarterly dividend to $0.31 and authorizing a $1.20 billion share buyback.

Wabtec (NYSE:WAB - Get Free Report) CEO Rafael Santana sold 1,163 shares of the firm's stock in a transaction on Monday, May 4th. The stock was sold at an average price of $263.77, for a total value of $306,764.51. Following the transaction, the chief executive officer owned 127,566 shares in the company, valued at $33,648,083.82. This trade represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, April 14th, Rafael Santana sold 60,852 shares of Wabtec stock. The shares were sold at an average price of $268.89, for a total value of $16,362,494.28.
• On Monday, March 9th, Rafael Santana sold 1,163 shares of Wabtec stock. The shares were sold at an average price of $243.10, for a total value of $282,725.30.
• On Tuesday, February 10th, Rafael Santana sold 1,798 shares of Wabtec stock. The shares were sold at an average price of $245.71, for a total value of $441,786.58.

Wabtec Stock Performance

WAB stock traded up $8.47 during mid-day trading on Wednesday, reaching $271.91. The company had a trading volume of 285,613 shares, compared to its average volume of 905,404. Wabtec has a one year low of $184.26 and a one year high of $275.84. The stock's 50-day simple moving average is $255.15 and its two-hundred day simple moving average is $231.68. The company has a quick ratio of 0.54, a current ratio of 1.02 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $46.14 billion, a P/E ratio of 38.42, a P/E/G ratio of 1.88 and a beta of 0.97.

Wabtec (NYSE:WAB - Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share for the quarter, beating analysts' consensus estimates of $2.62 by $0.09. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. The business had revenue of $2.95 billion for the quarter, compared to analysts' expectations of $3.08 billion. During the same period in the previous year, the business earned $2.28 earnings per share. The company's revenue was up 13.0% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. Research analysts anticipate that Wabtec will post 10.61 EPS for the current year.

Wabtec Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This is an increase from Wabtec's previous quarterly dividend of $0.25. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. Wabtec's dividend payout ratio is presently 17.54%.

Wabtec declared that its board has initiated a share repurchase program on Wednesday, February 11th that permits the company to buyback $1.20 billion in outstanding shares. This buyback authorization permits the transportation company to repurchase up to 2.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Hedge Funds Weigh In On Wabtec

Several institutional investors and hedge funds have recently bought and sold shares of WAB. Norges Bank purchased a new position in Wabtec during the 4th quarter valued at about $409,039,000. Price T Rowe Associates Inc. MD grew its stake in Wabtec by 20.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company's stock valued at $1,700,238,000 after acquiring an additional 1,344,744 shares in the last quarter. Nordea Investment Management AB grew its stake in Wabtec by 55.5% during the 4th quarter. Nordea Investment Management AB now owns 3,069,340 shares of the transportation company's stock valued at $659,939,000 after acquiring an additional 1,095,083 shares in the last quarter. Farallon Capital Management LLC grew its stake in Wabtec by 68.6% during the 3rd quarter. Farallon Capital Management LLC now owns 2,205,098 shares of the transportation company's stock valued at $442,056,000 after acquiring an additional 896,900 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in Wabtec by 360.0% during the 4th quarter. Bank of Montreal Can now owns 885,197 shares of the transportation company's stock valued at $188,945,000 after acquiring an additional 692,773 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. KeyCorp lifted their target price on Wabtec from $240.00 to $308.00 and gave the stock an "overweight" rating in a report on Thursday, February 12th. Susquehanna reissued a "positive" rating and issued a $305.00 price target on shares of Wabtec in a research note on Thursday, April 23rd. Wall Street Zen cut Wabtec from a "buy" rating to a "hold" rating in a research note on Saturday, March 14th. Rothschild & Co Redburn raised shares of Wabtec from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $262.00 to $285.00 in a research report on Thursday, March 26th. Finally, Stephens upped their price target on shares of Wabtec from $230.00 to $290.00 and gave the company an "overweight" rating in a research report on Thursday, February 12th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Wabtec has an average rating of "Moderate Buy" and a consensus target price of $289.82.

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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