Wabtec (NYSE:WAB) CEO Rafael Santana Sells 886 Shares

Wabtec (NYSE:WAB) CEO Rafael Santana sold 886 shares of the business’s stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $201.23, for a total transaction of $178,289.78. Following the completion of the transaction, the chief executive officer now directly owns 142,958 shares of the company’s stock, valued at $28,767,438.34. The trade was a 0.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, May 13th, Rafael Santana sold 886 shares of Wabtec stock. The shares were sold at an average price of $204.07, for a total transaction of $180,806.02.
• On Friday, May 2nd, Rafael Santana sold 68,833 shares of Wabtec stock. The shares were sold at an average price of $191.70, for a total transaction of $13,195,286.10.
• On Wednesday, April 2nd, Rafael Santana sold 886 shares of Wabtec stock. The shares were sold at an average price of $185.07, for a total transaction of $163,972.02.

Wabtec Stock Down 0.4%

Shares of NYSE:WAB opened at $200.03 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.73 and a current ratio of 1.34. Wabtec has a 1 year low of $147.66 and a 1 year high of $210.88. The stock has a market capitalization of $34.23 billion, a P/E ratio of 31.35, a PEG ratio of 1.48 and a beta of 1.12. The stock has a 50-day simple moving average of $194.31 and a 200-day simple moving average of $191.80.

Wabtec (NYSE:WAB) last issued its earnings results on Wednesday, April 23rd. The transportation company reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.25. Wabtec had a return on equity of 13.35% and a net margin of 10.53%. The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter in the previous year, the business earned $1.89 EPS. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. Equities analysts forecast that Wabtec will post 8.54 earnings per share for the current year.

Wabtec Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Tuesday, May 27th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.50%. Wabtec’s payout ratio is currently 15.67%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Wabtec from $175.00 to $194.00 and gave the company a “neutral” rating in a research note on Thursday, April 24th. Wall Street Zen raised shares of Wabtec from a “hold” rating to a “buy” rating in a research note on Tuesday, May 6th. Susquehanna dropped their price objective on shares of Wabtec from $218.00 to $210.00 and set a “positive” rating for the company in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $201.00 price objective (up previously from $175.00) on shares of Wabtec in a research note on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Wabtec presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.83.

Hedge Funds Weigh In On Wabtec

A number of institutional investors and hedge funds have recently bought and sold shares of WAB. Putney Financial Group LLC purchased a new position in Wabtec in the 4th quarter worth approximately $52,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Wabtec by 9.8% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 630 shares of the transportation company’s stock worth $114,000 after acquiring an additional 56 shares during the period. Dorsey & Whitney Trust CO LLC purchased a new position in Wabtec in the 4th quarter worth approximately $204,000. GF Fund Management CO. LTD. purchased a new position in Wabtec in the 4th quarter worth approximately $205,000. Finally, Catalyst Funds Management Pty Ltd boosted its holdings in Wabtec by 200.0% in the 4th quarter. Catalyst Funds Management Pty Ltd now owns 1,800 shares of the transportation company’s stock worth $341,000 after acquiring an additional 1,200 shares during the period. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Wabtec Company Profile

Westinghouse Air Brake Technologies Corporation, together with its subsidiaries, provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It offers diesel-electric, battery, and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products.