Wabtec (NYSE:WAB - Get Free Report) CEO Rafael Santana sold 1,163 shares of the company's stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $262.07, for a total value of $304,787.41. Following the completion of the transaction, the chief executive officer directly owned 122,914 shares in the company, valued at approximately $32,212,071.98. The trade was a 0.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 Monday, June 8th, Rafael Santana sold 1,163 shares of Wabtec stock. The stock was sold at an average price of $261.06, for a total transaction of $303,612.78.
- On Friday, June 5th, Rafael Santana sold 1,163 shares of Wabtec stock. The shares were sold at an average price of $261.65, for a total transaction of $304,298.95.
- On Monday, May 4th, Rafael Santana sold 1,163 shares of Wabtec stock. The stock was sold at an average price of $263.77, for a total transaction of $306,764.51.
- 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.
Wabtec Price Performance
Shares of NYSE WAB opened at $259.14 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.54 and a debt-to-equity ratio of 0.42. Wabtec has a twelve month low of $184.26 and a twelve month high of $284.91. The business has a 50 day simple moving average of $264.92 and a 200-day simple moving average of $250.99. The company has a market capitalization of $43.97 billion, a price-to-earnings ratio of 36.65, a price-to-earnings-growth ratio of 1.85 and a beta of 0.94.
Wabtec (NYSE:WAB - Get Free Report) last issued its earnings results on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share for the quarter, topping analysts' consensus estimates of $2.62 by $0.09. The company had revenue of $2.95 billion for the quarter, compared to analysts' expectations of $3.08 billion. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. The firm's revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.28 earnings per share. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. As a group, equities research analysts expect that Wabtec will post 10.61 earnings per share for the current year.
Wabtec Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Friday, May 22nd were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Friday, May 22nd. Wabtec's dividend payout ratio is presently 17.54%.
Institutional Investors Weigh In On Wabtec
Several institutional investors have recently bought and sold shares of the stock. Whipplewood Advisors LLC bought a new stake in shares of Wabtec during the 1st quarter worth about $25,000. Clal Insurance Enterprises Holdings Ltd lifted its position in Wabtec by 125.9% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company's stock worth $28,000 after purchasing an additional 73 shares during the period. Manchester Capital Management LLC boosted its stake in Wabtec by 122.0% during the 4th quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company's stock valued at $28,000 after purchasing an additional 72 shares in the last quarter. McMillan Office Inc. bought a new position in Wabtec during the 4th quarter valued at $31,000. Finally, Reflection Asset Management acquired a new position in shares of Wabtec during the 4th quarter valued at $35,000. Institutional investors and hedge funds own 91.69% of the company's stock.
Analysts Set New Price Targets
A number of research firms recently weighed in on WAB. Wells Fargo & Company increased their price objective on shares of Wabtec from $270.00 to $284.00 and gave the stock an "equal weight" rating in a report on Thursday, April 23rd. Jefferies Financial Group reissued a "buy" rating and set a $290.00 target price (down from $300.00) on shares of Wabtec in a research note on Tuesday, March 31st. Citigroup upped their target price on shares of Wabtec from $283.00 to $292.00 and gave the stock a "buy" rating in a research report on Thursday, April 9th. Susquehanna restated a "positive" rating and issued a $305.00 price target on shares of Wabtec in a research note on Thursday, April 23rd. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Wabtec in a report on Monday, April 20th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $289.82.
View Our Latest Stock Report on Wabtec
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
