Wabtec (NYSE:WAB) CEO Sells $340,954.74 in Stock

Key Points

• Wabtec CEO Rafael Santana sold $340,954.74 worth of stock on September 15th, reducing his position by 1.32% to 134,931 shares valued at approximately $25.59 million.
• Wabtec recently reported earnings of $2.27 EPS for the quarter, exceeding analysts' estimates by $0.09, while quarterly revenue increased by 2.3% year-over-year.
• The company declared a quarterly dividend of $0.25, resulting in a $1.00 annualized dividend yield of 0.5% and a payout ratio of 14.93%.

Wabtec (NYSE:WAB - Get Free Report) CEO Rafael Santana sold 1,798 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $189.63, for a total value of $340,954.74. Following the completion of the sale, the chief executive officer directly owned 134,931 shares of the company's stock, valued at approximately $25,586,965.53. This represents a 1.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• 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 stock was sold at an average price of $192.83, for a total value of $170,847.38.
• On Monday, July 7th, Rafael Santana sold 886 shares of Wabtec stock. The shares were sold at an average price of $213.35, for a total transaction of $189,028.10.

Wabtec Trading Down 0.9%

Shares of WAB traded down $1.72 during mid-day trading on Friday, reaching $188.65. The stock had a trading volume of 1,284,580 shares, compared to its average volume of 969,419. 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 business's fifty day moving average is $194.93 and its 200 day moving average is $192.73. Wabtec has a 52-week low of $151.81 and a 52-week high of $216.10. The firm has a market cap of $32.25 billion, a price-to-earnings ratio of 28.16, a P/E/G ratio of 1.51 and a beta of 1.11.

Wabtec (NYSE:WAB - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The transportation company reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.09. The business had revenue of $2.71 billion during the quarter, compared to analysts' expectations of $2.76 billion. Wabtec had a net margin of 10.92% and a return on equity of 13.65%. The business's revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.96 EPS. Wabtec has set its FY 2025 guidance at 8.550-9.150 EPS. On average, sell-side analysts predict that Wabtec will post 8.54 EPS for the current fiscal year.

Wabtec Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were given a $0.25 dividend. The ex-dividend date was Thursday, August 14th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. Wabtec's payout ratio is currently 14.93%.

Wall Street Analysts Forecast Growth

WAB has been the subject of a number of recent analyst reports. Morgan Stanley raised their price objective on Wabtec from $220.00 to $226.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Bank of America lifted their price target on shares of Wabtec from $231.00 to $236.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Wall Street Zen lowered shares of Wabtec from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Susquehanna lifted their target price on shares of Wabtec from $210.00 to $235.00 and gave the company a "positive" rating in a report on Friday, July 25th. Finally, KeyCorp reiterated an "overweight" rating and set a $240.00 target price (up from $220.00) on shares of Wabtec in a report on Tuesday, June 24th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $222.57.

Hedge Funds Weigh In On Wabtec

Several institutional investors have recently added to or reduced their stakes in WAB. Voya Investment Management LLC lifted its position in Wabtec by 5.5% during the 1st quarter. Voya Investment Management LLC now owns 104,860 shares of the transportation company's stock worth $19,016,000 after acquiring an additional 5,423 shares during the period. New York State Common Retirement Fund raised its stake in shares of Wabtec by 16.0% during the first quarter. New York State Common Retirement Fund now owns 142,163 shares of the transportation company's stock worth $25,781,000 after purchasing an additional 19,600 shares during the last quarter. Raiffeisen Bank International AG lifted its holdings in shares of Wabtec by 159.0% during the first quarter. Raiffeisen Bank International AG now owns 16,561 shares of the transportation company's stock worth $3,011,000 after purchasing an additional 10,168 shares during the period. Putney Financial Group LLC purchased a new position in Wabtec in the 4th quarter valued at $52,000. Finally, BNP Paribas Financial Markets increased its stake in Wabtec by 46.0% in the 1st quarter. BNP Paribas Financial Markets now owns 380,793 shares of the transportation company's stock valued at $69,057,000 after buying an additional 120,057 shares during the period. Institutional investors and hedge funds own 91.69% of the company's stock.

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.