Trump sends out tariff letters, extends levy deadline - what’s moving markets
Kyra Yates, Vice President of Investor Relations at Westinghouse Air Brake Technologies Corp (NYSE:WAB), recently sold 1,389 shares of the company’s common stock. The $35 billion rail technology company has shown strong momentum, delivering a 23.7% return over the past year, with the stock currently trading near its 52-week high. The transaction, which took place on June 5, 2025, was executed at an average price of $203.775 per share, amounting to a total sale value of $283,043. Following this sale, Yates retains ownership of 3,128 shares in the company. According to InvestingPro analysis, WAB appears overvalued at current levels, trading at a P/E ratio of 32x. Discover more insights and 8 additional ProTips about WAB in the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, Wabtec Corporation reported strong first-quarter earnings, surpassing analyst expectations with an adjusted earnings per share (EPS) of $2.28, compared to the forecasted $2.03. The company’s revenue for the quarter matched the consensus estimate at $2.61 billion, marking a 4.5% increase from the first quarter of the previous year. Wabtec also provided updated financial guidance for fiscal year 2025, with adjusted EPS expectations ranging from $8.35 to $8.95, which reflects a cautious approach to the current economic landscape. In another development, Wabtec announced the pricing of a $1.25 billion senior notes offering, with proceeds intended for general corporate purposes, including the repayment of existing notes and funding an acquisition. Additionally, Wabtec declared a regular quarterly dividend of 25 cents per share, continuing its practice of delivering shareholder value. The company has also expanded its subsidiary guarantors, adding Wabtec US Rail, Inc. as a new guarantor for its debt securities. These developments highlight Wabtec’s strategic financial maneuvers and commitment to maintaining robust operations amidst economic uncertainties.
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