Insider Selling: Wabtec (NYSE:WAB) CEO Sells $306,764.51 in Stock

Wabtec (NYSE:WAB) CEO Rafael Santana sold 1,163 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $263.77, for a total transaction of $306,764.51. Following the sale, the chief executive officer directly owned 127,566 shares of the company’s stock, valued at $33,648,083.82. The trade was a 0.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 stock was 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 transaction of $441,786.58.

Wabtec Stock Down 0.0%

Shares of Wabtec stock opened at $265.57 on Friday. 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 12-month low of $184.26 and a 12-month high of $275.84. The company has a market cap of $45.06 billion, a P/E ratio of 37.56, a PEG ratio of 1.90 and a beta of 0.97. The company’s fifty day simple moving average is $255.33 and its two-hundred day simple moving average is $232.72.

Wabtec (NYSE:WAB) last posted its earnings results on Wednesday, April 22nd. The transportation company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.62 by $0.09. The firm had revenue of $2.95 billion during 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 company’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period last year, the company posted $2.28 EPS. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. Research analysts anticipate that Wabtec will post 10.61 EPS for the current year.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on WAB shares. JPMorgan Chase & Co. reduced their target price on Wabtec from $290.00 to $280.00 and set a “neutral” rating on the stock in a report on Friday, April 10th. Wolfe Research restated an “outperform” rating and set a $303.00 price target on shares of Wabtec in a research report on Thursday, April 23rd. KeyCorp upped 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. Wall Street Zen lowered Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Stephens boosted their target price on shares of Wabtec from $230.00 to $290.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $289.82.

Institutional Trading of Wabtec

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

About Wabtec

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.