Westinghouse Air Brake Technologies Co. (NYSE:WAB) VP Sells $487,023.68 in Stock

Westinghouse Air Brake Technologies Co. (NYSE:WAB) VP David L. Deninno sold 3,016 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $161.48, for a total transaction of $487,023.68. Following the completion of the sale, the vice president now owns 65,352 shares in the company, valued at $10,553,040.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Westinghouse Air Brake Technologies Stock Performance

NYSE WAB opened at $160.54 on Thursday. The firm has a 50-day moving average of $145.49 and a 200-day moving average of $129.72. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.77 and a current ratio of 1.52. The stock has a market cap of $28.32 billion, a PE ratio of 31.38, a P/E/G ratio of 1.44 and a beta of 1.40. Westinghouse Air Brake Technologies Co. has a 52-week low of $91.89 and a 52-week high of $167.49.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its earnings results on Wednesday, April 24th. The transportation company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.40 billion. Westinghouse Air Brake Technologies had a net margin of 9.20% and a return on equity of 11.25%. Westinghouse Air Brake Technologies’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.28 EPS. On average, sell-side analysts anticipate that Westinghouse Air Brake Technologies Co. will post 7.34 EPS for the current year.

Westinghouse Air Brake Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were paid a $0.20 dividend. This is a boost from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.80 annualized dividend and a yield of 0.50%. Westinghouse Air Brake Technologies’s payout ratio is 15.63%.

Institutional Trading of Westinghouse Air Brake Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. iA Global Asset Management Inc. acquired a new stake in Westinghouse Air Brake Technologies in the 3rd quarter worth about $1,915,000. First Hawaiian Bank raised its stake in Westinghouse Air Brake Technologies by 49.1% in the 4th quarter. First Hawaiian Bank now owns 3,542 shares of the transportation company’s stock worth $449,000 after purchasing an additional 1,167 shares in the last quarter. Handelsinvest Investeringsforvaltning acquired a new stake in Westinghouse Air Brake Technologies in the 4th quarter worth about $1,030,000. Watchman Group Inc. raised its stake in Westinghouse Air Brake Technologies by 0.9% in the 3rd quarter. Watchman Group Inc. now owns 28,921 shares of the transportation company’s stock worth $3,073,000 after purchasing an additional 269 shares in the last quarter. Finally, Applied Finance Capital Management LLC raised its stake in Westinghouse Air Brake Technologies by 5.7% in the 3rd quarter. Applied Finance Capital Management LLC now owns 145,099 shares of the transportation company’s stock worth $15,420,000 after purchasing an additional 7,785 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on WAB. Susquehanna increased their target price on shares of Westinghouse Air Brake Technologies from $160.00 to $190.00 and gave the stock a “positive” rating in a report on Thursday, April 25th. Stephens increased their price objective on shares of Westinghouse Air Brake Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Wells Fargo & Company increased their price objective on shares of Westinghouse Air Brake Technologies from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Bank of America increased their price objective on shares of Westinghouse Air Brake Technologies from $156.00 to $162.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Finally, Redburn Atlantic downgraded shares of Westinghouse Air Brake Technologies from a “buy” rating to a “neutral” rating and set a $135.00 price objective for the company. in a research report on Thursday, February 15th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $156.18.

Westinghouse Air Brake Technologies Company Profile

Westinghouse Air Brake Technologies Corporation, together with its subsidiaries, provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It offers diesel-electric, battery, and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products.