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Rafael Santana, President and CEO of Westinghouse Air Brake Technologies CORP (NYSE:WAB), sold a total of $378,170 worth of company stock on July 7th and 8th, according to a recent SEC Form 4 filing. The transaction comes as WAB trades near its 52-week high of $216.1, with the stock delivering an impressive 35.34% return over the past year. According to InvestingPro data, the company maintains a GOOD overall financial health score.
The sales involved multiple transactions with prices ranging from $212.1776 to $215.785 per share. In total, Santana disposed of 1,602 shares of WAB, representing a small portion of his holdings in the $36.27 billion market cap company. Following these transactions, Santana directly owns 140,300 shares of Westinghouse Air Brake Technologies CORP. Want deeper insights into WAB’s insider trading patterns and valuation metrics? InvestingPro offers comprehensive analysis through its detailed Pro Research Report, available for over 1,400 US stocks.
In other recent news, Wabtec Corporation has announced several significant developments. The company completed the acquisition of Evident’s Inspection Technologies division for $1.78 billion, a move expected to enhance its digital intelligence capabilities in the rail and industrial sectors. This acquisition is projected to bring high single-digit revenue growth and be slightly accretive to adjusted earnings per share in the latter half of 2025. Additionally, Wabtec has entered into a definitive agreement to acquire Frauscher Sensor Technology for €675 million in cash, which is anticipated to enhance its Digital Intelligence business. The acquisition is expected to be accretive to adjusted earnings per share in the first year and is projected to generate approximately €145 million in revenue by 2025.
In another development, Wabtec has set the pricing for its $1.25 billion senior notes offering, with proceeds aimed at general corporate purposes, including repaying existing debt and financing acquisitions. Furthermore, the company has expanded its subsidiary guarantors by adding Wabtec US Rail, Inc. as a new guarantor for its debt securities, ensuring compliance with financial obligations. These recent activities reflect Wabtec’s strategic efforts to strengthen its market position and financial stability.
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