Insider Selling: Westinghouse Air Brake Technologies Co. (NYSE:WAB) Director Sells 29,100 Shares of Stock

Westinghouse Air Brake Technologies Co. (NYSE:WAB) Director Albert J. Neupaver sold 29,100 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $161.63, for a total value of $4,703,433.00. Following the sale, the director now owns 595,412 shares of the company’s stock, valued at approximately $96,236,441.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Westinghouse Air Brake Technologies Stock Up 0.2 %

Shares of NYSE WAB opened at $162.21 on Friday. Westinghouse Air Brake Technologies Co. has a one year low of $91.89 and a one year 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 business’s fifty day moving average price is $146.46 and its 200-day moving average price is $130.15. The stock has a market capitalization of $28.61 billion, a PE ratio of 31.68, a P/E/G ratio of 1.41 and a beta of 1.36.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its quarterly earnings data 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 business had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.40 billion. Westinghouse Air Brake Technologies had a return on equity of 11.25% and a net margin of 9.20%. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.28 EPS. On average, equities research analysts anticipate that Westinghouse Air Brake Technologies Co. will post 7.34 EPS for the current year.

Westinghouse Air Brake Technologies Increases Dividend

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

Institutional Trading of Westinghouse Air Brake Technologies

A number of institutional investors have recently added to or reduced their stakes in WAB. V Square Quantitative Management LLC purchased a new stake in Westinghouse Air Brake Technologies during the 3rd quarter worth about $204,000. First Hawaiian Bank raised its holdings in shares of 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 valued at $449,000 after acquiring an additional 1,167 shares in the last quarter. Greenleaf Trust raised its holdings in shares of Westinghouse Air Brake Technologies by 4.3% in the 1st quarter. Greenleaf Trust now owns 3,201 shares of the transportation company’s stock valued at $466,000 after acquiring an additional 133 shares in the last quarter. Industrial Alliance Investment Management Inc. purchased a new stake in shares of Westinghouse Air Brake Technologies in the 3rd quarter valued at about $498,000. Finally, Handelsinvest Investeringsforvaltning purchased a new stake in shares of Westinghouse Air Brake Technologies in the 4th quarter valued at about $1,030,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Wall Street Analysts Forecast Growth

WAB has been the subject of several recent research reports. Jefferies Financial Group upgraded Westinghouse Air Brake Technologies from a “hold” rating to a “buy” rating and upped their price target for the stock from $115.00 to $150.00 in a report on Thursday, January 11th. Susquehanna upped their price objective on Westinghouse Air Brake Technologies from $160.00 to $190.00 and gave the company a “positive” rating in a research note on Thursday, April 25th. Bank of America upped their price objective on Westinghouse Air Brake Technologies from $156.00 to $162.00 and gave the company a “buy” rating in a research note on Monday, April 15th. Redburn Atlantic downgraded 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 note on Thursday, February 15th. Finally, Wells Fargo & Company upped their price objective on Westinghouse Air Brake Technologies from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Westinghouse Air Brake Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.18.

About Westinghouse Air Brake Technologies

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.