Key Points
- Rafael Santana, Wabtec’s CEO, sold 1,163 shares on May 4 at an average $263.77 (≈$306,764), trimming his stake to 127,566 shares; the sale was executed under a pre-arranged Rule 10b5-1 trading plan and follows a much larger April 14 sale of 60,852 shares (~$16.36M).
- Wabtec beat quarterly EPS ($2.71 vs. $2.62) but missed revenue estimates, set FY2026 guidance of 10.25–10.65 EPS, and its board approved a $1.2 billion share repurchase while raising the 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, May 4th. The shares were sold at an average price of $263.77, for a total value of $306,764.51. Following the sale, the chief executive officer directly owned 127,566 shares of the company's stock, valued at approximately $33,648,083.82. This trade represents a 0.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through 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 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
NYSE:WAB opened at $270.92 on Thursday. The firm has a market cap of $45.97 billion, a PE ratio of 38.32, a price-to-earnings-growth ratio of 1.88 and a beta of 0.97. Wabtec has a fifty-two week low of $184.26 and a fifty-two week high of $275.84. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.54 and a current ratio of 1.02. The business has a 50 day moving average price of $255.31 and a 200-day moving average price of $232.22.
Wabtec (NYSE:WAB - Get Free Report) last released 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. The firm had revenue of $2.95 billion during the quarter, compared to analyst estimates of $3.08 billion. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The business's quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.28 earnings per share. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. Equities research analysts predict that Wabtec will post 10.61 earnings per share for the current year.
Wabtec announced that its Board of Directors has approved a share repurchase program on Wednesday, February 11th that allows the company to repurchase $1.20 billion in shares. This repurchase authorization allows the transportation company to buy up to 2.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.
Wabtec Increases Dividend
The firm 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. The ex-dividend date of this dividend was Tuesday, February 17th. This is a positive change 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 payout ratio is 17.54%.
Analyst Ratings Changes
A number of brokerages recently commented on WAB. JPMorgan Chase & Co. dropped their price target on Wabtec from $290.00 to $280.00 and set a "neutral" rating for the company in a research note on Friday, April 10th. Citigroup raised their price target on Wabtec from $283.00 to $292.00 and gave the stock a "buy" rating in a research note on Thursday, April 9th. Susquehanna reaffirmed a "positive" rating and issued a $305.00 price target on shares of Wabtec in a research note on Thursday, April 23rd. KeyCorp raised their price target on Wabtec from $240.00 to $308.00 and gave the stock an "overweight" rating in a research note on Thursday, February 12th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Wabtec in a research note on Monday, April 20th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Wabtec currently has a consensus rating of "Moderate Buy" and a consensus target price of $289.82.
Check Out Our Latest Report on Wabtec
Hedge Funds Weigh In On Wabtec
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Whipplewood Advisors LLC purchased a new position in Wabtec during the first quarter valued at $25,000. Piscataqua Savings Bank lifted its position in Wabtec by 12,800.0% during the third quarter. Piscataqua Savings Bank now owns 129 shares of the transportation company's stock valued at $26,000 after buying an additional 128 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its position in Wabtec by 125.9% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company's stock valued at $28,000 after buying an additional 73 shares during the period. Manchester Capital Management LLC lifted its position in Wabtec by 122.0% during the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company's stock valued at $28,000 after buying an additional 72 shares during the period. Finally, Motco lifted its position in Wabtec by 6,600.0% during the third quarter. Motco now owns 134 shares of the transportation company's stock valued at $27,000 after buying an additional 132 shares during the period. Hedge funds and other institutional investors own 91.69% of the company's stock.
About Wabtec
(
Get Free Report)
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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