Rafael Santana Sells 1,799 Shares of Wabtec (NYSE:WAB) Stock

Key Points

• Wabtec CEO Rafael Santana sold $341,756.03 worth of stock on September 12th, reducing his holdings by 1.30% to 136,729 shares.
• The company's stock traded at $187.66 after a decline, with the stock's 12-month range being $151.81 to $216.10.
• Wabtec announced a quarterly dividend of $0.25 per share, resulting in a 0.5% dividend yield and a payout ratio of 14.93%.

Wabtec (NYSE:WAB - Get Free Report) CEO Rafael Santana sold 1,799 shares of the firm's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $189.97, for a total transaction of $341,756.03. Following the completion of the sale, the chief executive officer owned 136,729 shares in the company, valued at $25,974,408.13. This represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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 transaction of $340,954.74.
• 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 transaction of $170,847.38.
• On Monday, July 7th, Rafael Santana sold 886 shares of Wabtec stock. The stock was sold at an average price of $213.35, for a total value of $189,028.10.

Wabtec Stock Down 0.9%

Shares of WAB traded down $1.72 during midday trading on Friday, hitting $188.65. 1,284,580 shares of the company's stock traded hands, compared to its average volume of 969,419. The company has a current ratio of 1.76, a quick ratio of 1.05 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $32.25 billion, a price-to-earnings ratio of 28.16, a price-to-earnings-growth ratio of 1.51 and a beta of 1.11. Wabtec has a 1 year low of $151.81 and a 1 year high of $216.10. The firm's fifty day moving average is $194.93 and its 200-day moving average is $192.73.

Wabtec (NYSE:WAB - Get Free Report) last announced its earnings results on Thursday, July 24th. The transportation company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.09. The company 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%.The firm's quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.96 EPS. Wabtec has set its FY 2025 guidance at 8.550-9.150 EPS. As a group, sell-side analysts anticipate that Wabtec will post 8.54 earnings per share for the current year.

Wabtec Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of Wabtec from $216.00 to $200.00 and set a "neutral" rating for the company in a report on Thursday, August 14th. Bank of America raised their target price on Wabtec from $231.00 to $236.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. KeyCorp reiterated an "overweight" rating and set a $240.00 price target (up previously from $220.00) on shares of Wabtec in a research note on Tuesday, June 24th. Susquehanna increased their price objective on Wabtec from $210.00 to $235.00 and gave the company a "positive" rating in a report on Friday, July 25th. Finally, 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. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Wabtec presently has a consensus rating of "Moderate Buy" and an average price target of $222.57.

Hedge Funds Weigh In On Wabtec

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

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.