Insider Selling: Wabtec VP Unloads 19,875 Shares of Stock (WAB)
Wabtec (NYSE:WAB) VP R Mark Cox sold 19,875 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $84.15, for a total value of $1,672,481.25. Following the sale, the vice president now directly owns 42,121 shares of the company’s stock, valued at approximately $3,544,482. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Wabtec (NYSE:WAB) traded down 0.13% during mid-day trading on Thursday, hitting $84.18. 350,916 shares of the company’s stock traded hands. Wabtec has a 52-week low of $57.95 and a 52-week high of $87.14. The stock’s 50-day moving average is $82.0 and its 200-day moving average is $78.58. The company has a market cap of $8.107 billion and a P/E ratio of 25.86.
Wabtec (NYSE:WAB) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.91 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.87 by $0.04. The company had revenue of $731.00 million for the quarter, compared to the consensus estimate of $737.90 million. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. Analysts expect that Wabtec will post $3.55 EPS for the current fiscal year.
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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