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

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

Westinghouse Air Brake Technologies Stock Performance

WAB opened at $185.31 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.69 and a current ratio of 1.30. The business’s 50-day simple moving average is $196.17 and its 200 day simple moving average is $188.43. The firm has a market capitalization of $31.66 billion, a PE ratio of 30.73, a PEG ratio of 1.50 and a beta of 1.27. Westinghouse Air Brake Technologies Co. has a 52-week low of $139.12 and a 52-week high of $210.88.

Westinghouse Air Brake Technologies (NYSE:WAB) last released its quarterly earnings data on Wednesday, February 12th. The transportation company reported $1.68 earnings per share (EPS) 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%. As a group, sell-side analysts expect that Westinghouse Air Brake Technologies Co. will post 8.54 earnings per share for the current fiscal year.

Westinghouse Air Brake Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be paid a $0.25 dividend. This is a positive change from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, February 21st. This represents a $1.00 annualized dividend and a yield of 0.54%. Westinghouse Air Brake Technologies’s dividend payout ratio is currently 16.58%.

Institutional Trading of Westinghouse Air Brake Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the business. Bridges Investment Management Inc. raised its stake in 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 grew its position in shares of Westinghouse Air Brake Technologies by 2.9% in the fourth quarter. Greenleaf Trust now owns 3,344 shares of the transportation company’s stock valued at $634,000 after purchasing an additional 94 shares during the last quarter. Harvest Fund Management Co. Ltd grew its position in shares of Westinghouse Air Brake Technologies by 10.4% in 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. grew its position in shares of Westinghouse Air Brake Technologies by 3.8% in the fourth quarter. Hillsdale Investment Management Inc. now owns 5,400 shares of the transportation company’s stock valued at $1,024,000 after purchasing an additional 200 shares during the last quarter. Finally, Putney Financial Group LLC acquired a new position in shares of Westinghouse Air Brake Technologies in the fourth quarter valued at approximately $52,000. 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. KeyCorp upped their price objective on Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Stephens reiterated an “overweight” rating and set a $220.00 target price on shares of Westinghouse Air Brake Technologies in a report on Thursday, February 13th. Finally, Bank of America upped their target price on Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus 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.