Rogerio Mendonca Sells 3,965 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) Stock

Westinghouse Air Brake Technologies Co. (NYSE:WAB) insider Rogerio Mendonca sold 3,965 shares of the business’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $160.75, for a total value of $637,373.75. Following the sale, the insider now directly owns 12,464 shares of the company’s stock, valued at approximately $2,003,588. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Westinghouse Air Brake Technologies Trading Down 0.7 %

WAB opened at $163.24 on Tuesday. Westinghouse Air Brake Technologies Co. has a 12-month low of $91.89 and a 12-month high of $167.49. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.52 and a quick ratio of 0.77. The stock has a market capitalization of $28.79 billion, a PE ratio of 31.88, a P/E/G ratio of 1.45 and a beta of 1.40. The firm’s fifty day moving average price is $144.96 and its 200 day moving average price is $129.30.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its earnings results on Wednesday, April 24th. The transportation company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.40 billion. Westinghouse Air Brake Technologies had a net margin of 9.20% and a return on equity of 11.25%. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.28 EPS. As a group, research analysts expect that Westinghouse Air Brake Technologies Co. will post 7.34 EPS for the current fiscal year.

Westinghouse Air Brake Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend was Thursday, February 22nd. This is an increase from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.17. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is currently 15.63%.

Institutional Investors Weigh In On Westinghouse Air Brake Technologies

A number of institutional investors have recently made changes to their positions in WAB. Greenleaf Trust boosted its holdings in Westinghouse Air Brake Technologies by 4.3% in the first quarter. Greenleaf Trust now owns 3,201 shares of the transportation company’s stock worth $466,000 after purchasing an additional 133 shares during the period. V Square Quantitative Management LLC lifted its position in shares of Westinghouse Air Brake Technologies by 36.8% in the 1st quarter. V Square Quantitative Management LLC now owns 2,624 shares of the transportation company’s stock worth $382,000 after buying an additional 706 shares during the last quarter. First Hawaiian Bank boosted its holdings in shares of Westinghouse Air Brake Technologies by 4.4% in the 1st quarter. First Hawaiian Bank now owns 3,699 shares of the transportation company’s stock valued at $539,000 after buying an additional 157 shares during the period. Applied Finance Capital Management LLC grew its position in shares of Westinghouse Air Brake Technologies by 9.8% during the 4th quarter. Applied Finance Capital Management LLC now owns 159,384 shares of the transportation company’s stock valued at $20,226,000 after buying an additional 14,285 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Westinghouse Air Brake Technologies by 7.7% during the fourth quarter. BNP Paribas Financial Markets now owns 81,916 shares of the transportation company’s stock worth $10,395,000 after acquiring an additional 5,859 shares during the period. 91.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WAB. Bank of America boosted their target price on Westinghouse Air Brake Technologies from $156.00 to $162.00 and gave the stock a “buy” rating in a report on Monday, April 15th. TD Cowen lifted their target price on shares of Westinghouse Air Brake Technologies from $130.00 to $147.00 and gave the company a “hold” rating in a report on Thursday, April 25th. Stephens upped their price target 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. Morgan Stanley initiated coverage on Westinghouse Air Brake Technologies in a research report on Monday, January 8th. They issued an “overweight” rating and a $137.00 price objective on the stock. Finally, Wells Fargo & Company upped their target price on 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. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Westinghouse Air Brake Technologies currently has an average rating of “Moderate Buy” and a consensus price target 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.