Insider Selling: Westinghouse Air Brake Technologies Co. (NYSE:WAB) CAO Sells 3,749 Shares of 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 on Thursday, April 25th. The shares were sold at an average price of $162.70, for a total value of $609,962.30. Following the completion of the sale, the chief accounting officer now owns 8,479 shares in the company, valued at approximately $1,379,533.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Westinghouse Air Brake Technologies Trading Down 0.3 %

WAB opened at $160.54 on Thursday. Westinghouse Air Brake Technologies Co. has a 12 month low of $91.89 and a 12 month high of $167.49. The stock has a market capitalization of $28.32 billion, a price-to-earnings ratio of 31.38, a PEG ratio of 1.44 and a beta of 1.40. 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 has a fifty day moving average price of $145.49 and a 200 day moving average price of $129.72.

Westinghouse Air Brake Technologies (NYSE:WAB) last released its earnings results on Wednesday, April 24th. The transportation company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. Westinghouse Air Brake Technologies had a return on equity of 11.25% and a net margin of 9.20%. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the previous year, the firm posted $1.28 EPS. Westinghouse Air Brake Technologies’s revenue for the quarter was up 13.9% on a year-over-year basis. Sell-side analysts expect 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were given a dividend of $0.20 per share. This is a boost from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.17. This represents a $0.80 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Thursday, February 22nd. Westinghouse Air Brake Technologies’s dividend payout ratio is currently 15.63%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on WAB shares. Susquehanna lifted their target price on Westinghouse Air Brake Technologies from $160.00 to $190.00 and gave the company a “positive” rating in a research report on Thursday, April 25th. KeyCorp boosted their price objective on Westinghouse Air Brake Technologies from $155.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Wells Fargo & Company boosted their price objective on Westinghouse Air Brake Technologies from $135.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. The Goldman Sachs Group boosted their price objective on Westinghouse Air Brake Technologies from $138.00 to $152.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Finally, Stephens boosted their price objective on Westinghouse Air Brake Technologies from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $156.18.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in WAB. V Square Quantitative Management LLC acquired a new position in shares of Westinghouse Air Brake Technologies during the 3rd quarter worth about $204,000. First Hawaiian Bank boosted its position in shares of Westinghouse Air Brake Technologies by 49.1% during the 4th quarter. First Hawaiian Bank now owns 3,542 shares of the transportation company’s stock worth $449,000 after acquiring an additional 1,167 shares in the last quarter. Greenleaf Trust boosted its position in shares of Westinghouse Air Brake Technologies by 4.3% during the 1st quarter. Greenleaf Trust now owns 3,201 shares of the transportation company’s stock worth $466,000 after acquiring an additional 133 shares in the last quarter. Industrial Alliance Investment Management Inc. acquired a new position in shares of Westinghouse Air Brake Technologies during the 3rd quarter worth about $498,000. Finally, Handelsinvest Investeringsforvaltning acquired a new position in shares of Westinghouse Air Brake Technologies during the 4th quarter worth about $1,030,000. 91.69% of the stock is owned by institutional investors and hedge funds.

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.