Westinghouse Air Brake Technologies Co. (NYSE:WAB) CAO Sells $609,962.30 in Stock

Westinghouse Air Brake Technologies Co. (NYSE:WAB) CAO John A. Mastalerz, Jr. sold 3,749 shares of Westinghouse Air Brake Technologies stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $162.70, for a total transaction of $609,962.30. Following the transaction, the chief accounting officer now directly owns 8,479 shares of the company’s stock, valued at $1,379,533.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Westinghouse Air Brake Technologies Trading Down 0.7 %

Shares of WAB opened at $163.24 on Tuesday. Westinghouse Air Brake Technologies Co. has a 52-week low of $91.89 and a 52-week high of $167.49. The stock has a market cap of $28.79 billion, a PE ratio of 31.88, a price-to-earnings-growth ratio of 1.45 and a beta of 1.40. The firm’s fifty day moving average is $144.96 and its two-hundred day moving average is $129.30. The company has a quick ratio of 0.77, a current ratio of 1.52 and a debt-to-equity ratio of 0.38.

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

Westinghouse Air Brake Technologies Increases Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports 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 research note on Thursday, April 25th. TD Cowen raised their price objective on Westinghouse Air Brake Technologies from $130.00 to $147.00 and gave the company a “hold” rating in a report on Thursday, April 25th. Redburn Atlantic cut 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. Morgan Stanley assumed coverage on Westinghouse Air Brake Technologies in a research report on Monday, January 8th. They set an “overweight” rating and a $137.00 target price on the stock. Finally, Bank of America boosted their price target on shares of Westinghouse Air Brake Technologies from $156.00 to $162.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Westinghouse Air Brake Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.18.

Institutional Trading of Westinghouse Air Brake Technologies

Several large investors have recently added to or reduced their stakes in WAB. Applied Finance Capital Management LLC boosted its position in shares of Westinghouse Air Brake Technologies by 5.7% during the 3rd quarter. Applied Finance Capital Management LLC now owns 145,099 shares of the transportation company’s stock valued at $15,420,000 after acquiring an additional 7,785 shares during the last quarter. Watchman Group Inc. raised its stake in Westinghouse Air Brake Technologies by 0.9% during the third 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 during the period. V Square Quantitative Management LLC acquired a new position in Westinghouse Air Brake Technologies in the 3rd quarter valued at about $204,000. Industrial Alliance Investment Management Inc. purchased a new stake in shares of Westinghouse Air Brake Technologies in the 3rd quarter valued at approximately $498,000. Finally, iA Global Asset Management Inc. acquired a new stake in shares of Westinghouse Air Brake Technologies during the 3rd quarter worth approximately $1,915,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

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.