Rafael Santana Sells 886 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) Stock

Westinghouse Air Brake Technologies Co. (NYSE:WAB) CEO Rafael Santana sold 886 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $182.34, for a total value of $161,553.24. Following the completion of the sale, the chief executive officer now directly owns 176,295 shares of the company’s stock, valued at approximately $32,145,630.30. This trade represents a 0.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Westinghouse Air Brake Technologies Stock Up 2.3 %

Shares of NYSE:WAB opened at $185.31 on Friday. Westinghouse Air Brake Technologies Co. has a 1 year low of $139.12 and a 1 year high of $210.88. The company has a market capitalization of $31.66 billion, a PE ratio of 30.73, a price-to-earnings-growth ratio of 1.50 and a beta of 1.27. The business has a fifty day moving average price of $196.17 and a two-hundred day moving average price of $188.65. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.69.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its quarterly earnings results on Wednesday, February 12th. The transportation company reported $1.68 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.06). Westinghouse Air Brake Technologies had a net margin of 10.17% and a return on equity of 12.78%. Analysts forecast that Westinghouse Air Brake Technologies Co. will post 8.54 earnings per share for the current year.

Westinghouse Air Brake Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Friday, February 21st. This is a boost from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. Westinghouse Air Brake Technologies’s payout ratio is 16.58%.

Hedge Funds Weigh In On Westinghouse Air Brake Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. Bridges Investment Management Inc. raised its stake in shares of Westinghouse Air Brake Technologies by 3.4% in the third quarter. Bridges Investment Management Inc. now owns 2,357 shares of the transportation company’s stock valued at $428,000 after buying an additional 77 shares during the period. Greenleaf Trust raised its stake in Westinghouse Air Brake Technologies by 2.9% in the 4th quarter. Greenleaf Trust now owns 3,344 shares of the transportation company’s stock valued at $634,000 after acquiring an additional 94 shares during the period. Harvest Fund Management Co. Ltd lifted its holdings in Westinghouse Air Brake Technologies by 10.4% during the third quarter. Harvest Fund Management Co. Ltd now owns 1,820 shares of the transportation company’s stock valued at $331,000 after purchasing an additional 172 shares during the last quarter. Hillsdale Investment Management Inc. boosted its position in Westinghouse Air Brake Technologies by 3.8% during the fourth quarter. Hillsdale Investment Management Inc. now owns 5,400 shares of the transportation company’s stock worth $1,024,000 after purchasing an additional 200 shares during the period. Finally, Putney Financial Group LLC purchased a new position in shares of Westinghouse Air Brake Technologies in the fourth quarter worth about $52,000. 91.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. KeyCorp increased their price target on Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Bank of America upped their target price on shares of Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Finally, Stephens reissued an “overweight” rating and set a $220.00 price target on shares of Westinghouse Air Brake Technologies in a research report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Westinghouse Air Brake Technologies presently has an average rating of “Moderate Buy” and an average price target of $206.33.

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.