Westinghouse Air Brake Technologies CEO sells $13.2 million in stock

Rafael Santana, President and CEO of Westinghouse Air Brake Technologies Corp (NYSE:WAB), executed a series of stock transactions on May 2, 2025. The most notable was the sale of 68,833 shares of common stock, generating approximately $13.2 million. The shares were sold at a price range between $191.69 and $192.17. The transaction comes as WAB trades near its 52-week high of $210.88, with InvestingPro analysis indicating the stock is fairly valued. Analysts maintain a bullish outlook with a consensus recommendation of 1.92 (Strong Buy).

In addition to the sales, Santana exercised stock options to acquire 68,833 shares at prices ranging from $70.64 to $81.21, totaling $5.4 million. Following these transactions, Santana holds 145,616 shares directly. These transactions reflect a strategic financial decision by the executive, impacting his overall holdings in the company. With a market capitalization of $32.65 billion and an "GOOD" financial health score from InvestingPro, WAB has demonstrated strong performance with a 17.6% return over the past year. Discover more insights about WAB and access comprehensive analysis through InvestingPro’s detailed research reports.

In other recent news, Wabtec reported a strong start to 2025 with its first-quarter earnings surpassing analyst expectations. The company achieved an adjusted earnings per share (EPS) of $2.28, exceeding the forecasted $2.03, and revenue matched expectations at $2.61 billion, marking a 4.5% year-over-year increase. This performance was driven by a 20.6% rise in adjusted EPS, bolstered by strong international sales and effective cost management. Wabtec also raised its guidance for adjusted EPS to a range of $8.35 to $8.95, indicating confidence in future growth despite economic uncertainties. The firm secured significant international contracts, contributing to a healthy backlog that increased by 6.3% over the past year, providing visibility into future revenue streams. Despite a decrease in cash from operations, Wabtec maintained solid liquidity with $698 million in cash and cash equivalents. The company returned $141 million to shareholders through dividends and share repurchases, reflecting a disciplined approach to capital allocation. Analyst firms like Melius Research and Bank of America have shown interest in Wabtec’s strategic flexibility in managing tariffs and cost pressures, underscoring the company’s proactive measures in navigating global business dynamics.

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