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Rafael Santana, the President and CEO of Westinghouse Air Brake Technologies Corp (NYSE:WAB), has sold a portion of his holdings in the company. According to a recent SEC filing, Santana sold a total of 886 shares of the company’s common stock on February 27, 2025. The sales were executed at prices ranging from $181.3019 to $183.6254 per share, amounting to a total transaction value of approximately $161,553. The transaction comes as WAB trades near its current market value, according to InvestingPro Fair Value estimates, with the stock showing a strong 30.5% return over the past year.
Following these transactions, Santana holds 176,295 shares of Westinghouse Air Brake Technologies. The sales were conducted under a pre-arranged trading plan, which allows company insiders to sell a predetermined number of shares at a predetermined time and price. This ensures transparency and compliance with trading regulations. Notably, InvestingPro data shows management has been actively buying back shares, while maintaining dividend payments for 31 consecutive years, demonstrating strong shareholder commitment. For deeper insights into WAB’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Westinghouse Air Brake Technologies Corp, commonly known as Wabtec, reported its fourth-quarter 2024 earnings, revealing an adjusted earnings per share (EPS) of $1.68, which fell short of the forecasted $1.74. The company also reported revenues of $2.58 billion, missing the expected $2.63 billion. Despite these misses, Wabtec demonstrated strong performance over the full year 2024, with a 7.3% increase in revenue and a significant 27.7% rise in adjusted EPS. KeyBanc Capital Markets maintained its Overweight rating and a $220 price target for Wabtec, suggesting confidence in the company’s growth trajectory and investment potential. Analysts at KeyBanc view the recent share price movement as an opportunity for long-term investors to purchase shares at a more favorable price. They highlighted Wabtec’s strategic focus on mergers and acquisitions and its potential for earnings per share to reach low to mid-teens in dollars. Wabtec’s management has set new five-year goals extending to 2029, aiming for mid-single-digit organic sales growth and a double-digit EPS compound annual growth rate. The company also showcased its advanced technology product lines, including prototypes for autonomous locomotives and automated yard inspection tools, underscoring its commitment to leading technological advancements in the rail industry.
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