Insider Selling: Wabtec VP Unloads 18,000 Shares of Stock (WAB)
Wabtec (NYSE:WAB) VP Scott Wahlstrom sold 18,000 shares of Wabtec stock on the open market in a transaction dated Monday, August 25th. The stock was sold at an average price of $84.46, for a total value of $1,520,280.00. Following the sale, the vice president now directly owns 106,852 shares of the company’s stock, valued at approximately $9,024,720. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Wabtec (NYSE:WAB) traded down 0.39% during mid-day trading on Tuesday, hitting $84.17. 174,372 shares of the company’s stock traded hands. Wabtec has a 1-year low of $57.95 and a 1-year high of $87.14. The stock has a 50-day moving average of $82. and a 200-day moving average of $78.90. The company has a market cap of $8.106 billion and a P/E ratio of 25.92.
Wabtec (NYSE:WAB) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.91 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.77 earnings per share. Wabtec’s revenue was up 14.6% compared to the same quarter last year. 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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