Rafael Santana Sells 1,163 Shares of Wabtec (NYSE:WAB) Stock

Wabtec (NYSE:WAB) CEO Rafael Santana sold 1,163 shares of the business’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $243.10, for a total transaction of $282,725.30. Following the completion of the sale, the chief executive officer directly owned 190,744 shares in the company, valued at $46,369,866.40. This trade represents a 0.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Rafael Santana also recently made the following trade(s):

• On Tuesday, February 10th, Rafael Santana sold 1,798 shares of Wabtec stock. The stock was 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 transaction of $381,481.66.

Wabtec Stock Performance

NYSE:WAB opened at $240.29 on Friday. The firm has a market capitalization of $40.97 billion, a PE ratio of 35.18, a price-to-earnings-growth ratio of 1.86 and a beta of 0.99. The company has a quick ratio of 0.57, a current ratio of 1.11 and a debt-to-equity ratio of 0.38. Wabtec has a 12-month low of $151.81 and a 12-month high of $266.27. The firm has a 50-day moving average price of $241.96 and a 200 day moving average price of $215.90.

Wabtec (NYSE:WAB) last released its quarterly earnings data on Wednesday, February 11th. The transportation company reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.02. Wabtec had a return on equity of 14.12% and a net margin of 10.48%.The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.86 billion. During the same period in the previous year, the business earned $1.68 earnings per share. The company’s quarterly revenue was up 14.8% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. Research analysts anticipate that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec declared that its board has initiated a stock repurchase program on Wednesday, February 11th that authorizes the company to buyback $1.20 billion in shares. This buyback authorization authorizes the transportation company to repurchase up to 2.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Wabtec Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. This is a positive change from Wabtec’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, February 17th. Wabtec’s dividend payout ratio (DPR) is currently 18.16%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WAB. JPMorgan Chase & Co. upped their target price on shares of Wabtec from $215.00 to $245.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Stephens lifted their price target on shares of Wabtec from $230.00 to $290.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Bank of America boosted their price target on shares of Wabtec from $228.00 to $233.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Wall Street Zen raised shares of Wabtec from a “hold” rating to a “buy” rating in a report on Monday, March 2nd. Finally, Susquehanna set a $300.00 target price on shares of Wabtec in a research note on Thursday, February 12th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $269.00.

Hedge Funds Weigh In On Wabtec

Large investors have recently made changes to their positions in the company. Norges Bank bought a new position in Wabtec in the fourth quarter valued at about $409,039,000. Price T Rowe Associates Inc. MD raised its holdings in Wabtec by 20.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company’s stock worth $1,700,238,000 after purchasing an additional 1,344,744 shares during the last quarter. Nordea Investment Management AB raised its holdings in Wabtec by 55.5% during the 4th quarter. Nordea Investment Management AB now owns 3,069,340 shares of the transportation company’s stock worth $659,939,000 after purchasing an additional 1,095,083 shares during the last quarter. Farallon Capital Management LLC lifted its position in Wabtec by 68.6% during the 3rd quarter. Farallon Capital Management LLC now owns 2,205,098 shares of the transportation company’s stock valued at $442,056,000 after purchasing an additional 896,900 shares during the period. Finally, Bank of Montreal Can lifted its position in Wabtec by 360.0% during the 4th quarter. Bank of Montreal Can now owns 885,197 shares of the transportation company’s stock valued at $188,945,000 after purchasing an additional 692,773 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wabtec Company Profile

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.