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Insider Selling: Wabtec (NYSE:WAB) Insider Sells 7,936 Shares of Stock
Wabtec insider Nalin Jain sold 7,936 shares of the company’s stock on February 25th for a total of over $2 million, significantly reducing his holdings. This sale occurred shortly after Wabtec reported strong Q4 earnings, beating analyst estimates, and announced a $1.2 billion share buyback program and an increased quarterly dividend. Analysts currently have an average “Moderate Buy” rating for Wabtec with a consensus target price of $269.00.