Insider Selling: Wabtec VP Sells 4,000 Shares of Stock (WAB)
Wabtec (NYSE:WAB) VP David M. Seitz unloaded 4,000 shares of Wabtec stock on the open market in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $84.18, for a total value of $336,720.00. Following the transaction, the vice president now directly owns 32,607 shares of the company’s stock, valued at approximately $2,744,857. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Wabtec (NYSE:WAB) traded down 0.12% during mid-day trading on Wednesday, hitting $83.90. The stock had a trading volume of 326,417 shares. 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 $82.20 and its 200-day moving average is $78.94. The company has a market cap of $8.080 billion and a price-to-earnings ratio of 25.77.
Wabtec (NYSE:WAB) last announced its 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 prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue 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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