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Wabtec (NYSE:WAB) VP Timothy R. Wesley sold 5,326 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $78.15, for a total transaction of $416,226.90. Following the completion of the transaction, the vice president now directly owns 17,730 shares of the company’s stock, valued at approximately $1,385,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Wabtec (NYSE:WAB) traded down 0.08% on Wednesday, hitting $78.94. The stock had a trading volume of 361,104 shares. Wabtec has a 52 week low of $48.035 and a 52 week high of $79.97. The stock’s 50-day moving average is $74.33 and its 200-day moving average is $67.40. The company has a market cap of $7.578 billion and a P/E ratio of 26.25.

Wabtec (NYSE:WAB) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.76 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.79 by $0.03. The company had revenue of $681.48 million for the quarter, compared to the consensus estimate of $693.60 million. Analysts expect that Wabtec will post $3.47 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.20%. The ex-dividend date is Wednesday, February 12th.

Separately, analysts at Stephens initiated coverage on shares of Wabtec in a research note on Friday, January 17th. They set an “overweight” rating on the stock. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $63.00.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB), doing business as Wabtec Corporation, is a providers of value-added, technology-based equipment and services for the global rail industry.

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