Key Points
- CEO Rafael Santana sold 1,163 shares on March 9 at an average price of $243.10 for $282,725, leaving him with 190,744 shares (a 0.61% reduction in his position).
- This sale follows earlier insider trims—1,798 shares sold on Feb 10 at $245.71 and 1,798 shares on Dec 17 at $212.17—indicating a recurring pattern of selling.
- Wabtec recently beat quarterly EPS and revenue expectations, set FY2026 guidance at 10.050–10.450 EPS, authorized a $1.2 billion stock buyback (up to 2.9% of shares) and raised its quarterly dividend to $0.31.
Wabtec (NYSE:WAB - Get Free Report) CEO Rafael Santana sold 1,163 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $243.10, for a total transaction of $282,725.30. Following the transaction, the chief executive officer owned 190,744 shares in the company, valued at approximately $46,369,866.40. The trade was a 0.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Rafael Santana also recently made the following trade(s):
- 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 transaction of $441,786.58.
- On Wednesday, December 17th, Rafael Santana sold 1,798 shares of Wabtec stock. The shares were sold at an average price of $212.17, for a total value of $381,481.66.
Wabtec Price Performance
NYSE:WAB traded down $2.79 during trading hours on Thursday, reaching $243.19. 39,373 shares of the company were exchanged, compared to its average volume of 840,389. The business has a 50 day moving average of $241.42 and a 200 day moving average of $215.73. Wabtec has a 1-year low of $151.81 and a 1-year high of $266.27. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.11 and a quick ratio of 0.57. The company has a market capitalization of $41.47 billion, a P/E ratio of 35.60, a P/E/G ratio of 1.86 and a beta of 0.99.
Wabtec (NYSE:WAB - Get Free Report) last announced its quarterly earnings data on Wednesday, February 11th. The transportation company reported $2.10 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.02. The firm had revenue of $2.97 billion during the quarter, compared to analysts' expectations of $2.86 billion. Wabtec had a return on equity of 14.12% and a net margin of 10.48%.The company's quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.68 EPS. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. Research analysts forecast that Wabtec will post 8.54 EPS for the current year.
Wabtec announced that its board has authorized a stock buyback program on Wednesday, February 11th that permits the company to buyback $1.20 billion in shares. This buyback authorization permits the transportation company to buy up to 2.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its stock is undervalued.
Wabtec Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. This is a boost from Wabtec's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, February 17th. Wabtec's payout ratio is presently 18.16%.
Hedge Funds Weigh In On Wabtec
Several large investors have recently bought and sold shares of WAB. Varma Mutual Pension Insurance Co grew its holdings in Wabtec by 9.1% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 47,924 shares of the transportation company's stock worth $9,607,000 after acquiring an additional 4,000 shares during the last quarter. Empowered Funds LLC increased its position in Wabtec by 240.8% in the 2nd quarter. Empowered Funds LLC now owns 15,924 shares of the transportation company's stock valued at $3,334,000 after acquiring an additional 11,252 shares during the period. Varenne Capital Partners raised its stake in shares of Wabtec by 39.5% during the second quarter. Varenne Capital Partners now owns 277,078 shares of the transportation company's stock valued at $58,006,000 after acquiring an additional 78,394 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Wabtec during the second quarter worth $9,371,000. Finally, Neuberger Berman Group LLC lifted its holdings in shares of Wabtec by 5.2% during the second quarter. Neuberger Berman Group LLC now owns 229,233 shares of the transportation company's stock worth $47,990,000 after purchasing an additional 11,406 shares during the period. 91.69% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have commented on WAB shares. Wolfe Research raised shares of 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. Wells Fargo & Company lifted their price objective on shares of Wabtec from $224.00 to $270.00 and gave the company an "equal weight" rating in a research note on Friday, February 13th. Weiss Ratings restated a "buy (b)" rating on shares of Wabtec in a research report on Wednesday, January 21st. JPMorgan Chase & Co. upped their target price on Wabtec from $215.00 to $245.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 14th. Finally, Susquehanna set a $300.00 target price on Wabtec in a report on Thursday, February 12th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Wabtec has a consensus rating of "Moderate Buy" and a consensus price target of $269.00.
Check Out Our Latest Report on Wabtec
About Wabtec
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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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