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Rafael Santana, President and CEO of WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (NYSE:WAB), a $34.36 billion market cap company trading at a P/E ratio of 31.56x, sold 1,772 shares of common stock on June 17 and 18, 2025, according to a Form 4 filing with the Securities and Exchange Commission. According to InvestingPro analysis, WAB currently appears overvalued relative to its Fair Value, despite showing strong financial health with a GOOD overall rating. The sales were executed in multiple transactions at prices ranging from $200.871 to $202.5158, netting a total of $356,952.
Specifically, on June 17, Santana sold 592 shares at a weighted average price of $200.871, 218 shares at $201.7562 and 76 shares at $202.4781. On June 18, the CEO sold 291 shares at a weighted average price of $200.9769, 569 shares at $201.9611 and 26 shares at $202.5158.
Following these transactions, Santana directly owns 142,072 shares of WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP.
In other recent news, Wabtec Corporation reported impressive first-quarter earnings, with earnings per share (EPS) of $2.28, surpassing analyst expectations of $2.03. The company’s revenue for the quarter aligned with forecasts, reaching $2.61 billion, which represents a 4.5% increase from the previous year. Wabtec also updated its financial guidance for the fiscal year 2025, projecting adjusted EPS between $8.35 and $8.95, slightly above the consensus estimate of $8.54. In addition, Wabtec announced the pricing of its $1.25 billion senior notes offering, intended to finance general corporate purposes and a pending acquisition. The company also declared a regular quarterly dividend of 25 cents per share, payable to shareholders on June 10, 2025. Furthermore, Wabtec expanded its subsidiary guarantors by adding Wabtec US Rail, Inc., enhancing its financial structure. Meanwhile, Westinghouse is nearing an agreement with Slovakia to build a nuclear reactor, marking a significant development for the company. This comes as Slovakia aims to increase its nuclear power capacity, with the project potentially costing up to €10 billion ($11.57 billion).
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