Wabtec CEO Rafael Santana sells $693,223 in WAB stock By Investing.com

Rafael Santana, President and CEO of Westinghouse Air Brake Technologies Corp (), recently disposed of company common stock in a series of transactions. The sales, which occurred on August 4 and August 5, 2026, amounted to approximately $693,223.

Santana sold a total of 2,326 shares of WAB common stock. The prices for these transactions ranged from $296.14 to $299.70 per share. The sales come as WAB shares have surged 58% over the past year, currently trading at $294.76 with a market cap of $49.78 billion. According to InvestingPro analysis, the stock appears overvalued relative to its Fair Value, placing it among companies on the Most Overvalued list.

Following these transactions, Santana, who also serves as a Director, beneficially owns 119,425 shares of the company’s common stock directly.

In other recent news, Westinghouse Air Brake Technologies Corp. (Wabtec) reported impressive second-quarter 2026 results, surpassing Wall Street expectations. The company achieved adjusted earnings of $2.76 per share on revenue of $3.18 billion, exceeding analyst estimates of $2.60 per share and $3.07 billion in revenue. Sales increased by 17.5% from the previous year, while adjusted profit rose by 21.6%. Following these results, Wabtec raised its future outlook, indicating strong demand across its product lines. In addition, Stephens has raised its price target for Wabtec shares to $330 from $320, maintaining an Overweight rating. The firm highlighted the company’s 2026 outlook, which suggests a 20% year-over-year growth in adjusted earnings per share despite challenges in North American locomotive sales. These developments reflect positive momentum for Wabtec in the market.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.