Wabtec (NYSE:WAB - Get Free Report) CEO Rafael Santana sold 60,852 shares of the stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $268.89, for a total transaction of $16,362,494.28. Following the sale, the chief executive officer directly owned 128,729 shares of the company's stock, valued at approximately $34,613,940.81. The trade was a 32.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Rafael Santana also recently made the following trade(s):
- 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 transaction 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 transaction of $441,786.58.
Wabtec Stock Performance
WAB stock opened at $255.45 on Friday. The firm has a market cap of $43.47 billion, a price-to-earnings ratio of 37.40, a PEG ratio of 1.94 and a beta of 0.99. The firm has a 50-day simple moving average of $253.00 and a two-hundred day simple moving average of $226.06. Wabtec has a one year low of $165.17 and a one year high of $275.84. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 1.11.
Wabtec (NYSE:WAB - Get Free Report) last released its quarterly earnings results on Wednesday, February 11th. The transportation company reported $2.10 EPS for the quarter, beating the consensus estimate of $2.08 by $0.02. The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.86 billion. Wabtec had a net margin of 10.48% and a return on equity of 14.12%. The company's quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.68 earnings per share. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. On average, equities analysts forecast that Wabtec will post 8.54 EPS for the current fiscal year.
Wabtec declared that its board has initiated a stock buyback plan on Wednesday, February 11th that authorizes the company to buyback $1.20 billion in outstanding shares. This buyback authorization authorizes the transportation company to reacquire up to 2.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.
Wabtec Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 0.5%. This is an increase from Wabtec's previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, February 17th. Wabtec's dividend payout ratio is currently 18.16%.
Hedge Funds Weigh In On Wabtec
Hedge funds and other institutional investors have recently bought and sold shares of the business. Piscataqua Savings Bank increased its holdings in Wabtec by 12,800.0% in the 3rd quarter. Piscataqua Savings Bank now owns 129 shares of the transportation company's stock worth $26,000 after buying an additional 128 shares during the period. Motco increased its holdings in Wabtec by 6,600.0% in the 3rd quarter. Motco now owns 134 shares of the transportation company's stock worth $27,000 after buying an additional 132 shares during the period. Clal Insurance Enterprises Holdings Ltd increased its holdings in Wabtec by 125.9% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company's stock worth $28,000 after buying an additional 73 shares during the period. Manchester Capital Management LLC increased its holdings in Wabtec by 122.0% in the 4th quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company's stock worth $28,000 after buying an additional 72 shares during the period. Finally, McMillan Office Inc. acquired a new position in Wabtec in the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 91.69% of the company's stock.
Wall Street Analysts Forecast Growth
WAB has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Wabtec from a "buy" rating to a "hold" rating in a report on Saturday, March 14th. JPMorgan Chase & Co. cut their price objective on shares of Wabtec from $290.00 to $280.00 and set a "neutral" rating on the stock in a report on Friday, April 10th. Stephens upped their price objective on shares of Wabtec from $230.00 to $290.00 and gave the company an "overweight" rating in a report on Thursday, February 12th. Wells Fargo & Company upped their price objective on shares of Wabtec from $224.00 to $270.00 and gave the company an "equal weight" rating in a report on Friday, February 13th. Finally, Rothschild & Co Redburn upgraded shares of Wabtec from a "neutral" rating to a "buy" rating and upped their price objective for the company from $262.00 to $285.00 in a report on Thursday, March 26th. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $275.75.
Check Out Our Latest Research Report on Wabtec
Wabtec Company Profile
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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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