Wabtec Executive Vice President Nicole Theophilus Sells Over $374k in Company Shares

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Wabtec Executive Vice President Nicole Theophilus Sells Over 4k in Company Shares

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PITTSBURGH, PA – Nicole B. Theophilus, executive vice president and chief human resources officer of Westinghouse Air Brake Technologies Corp (NYSE:), known as Wabtec, recently engaged in major stock trading, according to latest filings with the SEC. The transactions involved both the acquisition and disposition of common stock of the company.

On March 15, 2024, Theophilus sold 2,668 shares of Wabtec at a weighted average price of $140.46, for a total of over $374,747. The sales were made in multiple transactions, with prices ranging from $140.4601 to $140.47. As a result of the sales, Theophilus’ ownership interest in the company fell to 24,792 shares of common stock.

In addition to the sales, Theophilus also acquired the same number of shares, 2,668, through the exercise of options at a price of $81.21 per share, for a total transaction value of $216,668. These options were part of a non-qualified stock option plan and vested at the rate of 33.3% per annum effective March 1, 2022.

The transactions reflect a common practice among executives of exercising their options and selling part of the shares for liquidity or diversification reasons. The details provided in the SEC filing ensure transparency and compliance with federal regulations.

Investors often monitor these deals because they can provide insight into executives’ views on the company’s current valuation and future prospects. However, these transactions do not necessarily indicate a change in business fundamentals and may be influenced by various personal financial considerations.

Wabtec, headquartered in Pittsburgh, Pennsylvania, is a global provider of equipment, systems, digital solutions and value-added services for the freight and rail transit industries. The company has a long history in the rail equipment manufacturing industry, with a commitment to safety, efficiency and reliability.

For further transaction details, Westinghouse Air Brake Technologies Corporation, any security holder or the staff of the Securities and Exchange Commission may request complete information regarding the number of shares sold at each distinct price within the range disclosed by Theophilus.

InvestingPro Insights

As Wabtec Corporation (NYSE: WAB) continues to make headlines with its executive stock trades, investors are interested in understanding the company’s financial health and market performance. The latest data from InvestingPro provides insight into Wabtec’s current market position.

With a solid market cap of $25.06 billion and a price-to-earnings (P/E) ratio of 31.01, Wabtec appears to be trading at a high earnings multiple. This is also supported by the adjusted P/E ratio for the trailing twelve months as of Q4 2023, which stands at 29.21. However, it is important to note that the company is trading at a low price-to-earnings ratio relative to its near-term earnings growth, which is a positive sign for potential investors. The PEG ratio for the same period is 0.99, which indicates that the company’s earnings growth is in line with its P/E ratio.

Investors can also find comfort in Wabtec’s consistent dividend history, as the company has maintained dividend payments for 30 consecutive years. This consistency is a testament to Wabtec’s financial stability and commitment to shareholder returns. Additionally, the company’s stock price has seen a significant rise over the past six months, with a total return of 31.37%, reflecting strong investor confidence and market performance.

For those looking to dig deeper into Wabtec’s financial data and stock performance, there are Advice InvestPro available that could provide additional information. For example, Wabtec stock generally trades with low price volatility, which could be a key factor for risk-averse investors. Additionally, the company operates with a moderate level of debt, which is an important factor in assessing the company’s financial health and risk profile.

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