Westinghouse Air Brake Technologies Co. (NYSE:WAB) CEO Sells $180,806.02 in Stock

Westinghouse Air Brake Technologies Co. (NYSE:WAB) CEO Rafael Santana sold 886 shares of Westinghouse Air Brake Technologies stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $204.07, for a total value of $180,806.02. Following the completion of the sale, the chief executive officer now owns 144,730 shares in the company, valued at approximately $29,535,051.10. This trade represents a 0.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Rafael Santana also recently made the following trade(s):

• On Friday, May 2nd, Rafael Santana sold 68,833 shares of Westinghouse Air Brake Technologies stock. The shares were sold at an average price of $191.70, for a total value of $13,195,286.10.
• On Wednesday, April 2nd, Rafael Santana sold 886 shares of Westinghouse Air Brake Technologies stock. The shares were sold at an average price of $185.07, for a total value of $163,972.02.
• On Thursday, February 27th, Rafael Santana sold 886 shares of Westinghouse Air Brake Technologies stock. The shares were sold at an average price of $182.34, for a total value of $161,553.24.

Westinghouse Air Brake Technologies Stock Up 0.7%

WAB opened at $205.76 on Friday. The business’s fifty day moving average is $181.95 and its two-hundred day moving average is $190.84. 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 company has a market cap of $35.21 billion, a price-to-earnings ratio of 34.12, a PEG ratio of 1.50 and a beta of 1.12. Westinghouse Air Brake Technologies Co. has a one year low of $147.66 and a one year high of $210.88.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.25. Westinghouse Air Brake Technologies had a return on equity of 12.78% and a net margin of 10.17%. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the prior year, the business earned $1.89 earnings per share. The business’s revenue was up 4.5% on a year-over-year basis. Analysts anticipate that Westinghouse Air Brake Technologies Co. will post 8.54 EPS for the current fiscal year.

Westinghouse Air Brake Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Tuesday, May 27th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.49%. Westinghouse Air Brake Technologies’s payout ratio is currently 15.67%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Stephens restated an “overweight” rating and issued a $220.00 price target on shares of Westinghouse Air Brake Technologies in a research note on Thursday, February 13th. StockNews.com upgraded Westinghouse Air Brake Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, May 6th. The Goldman Sachs Group reiterated a “neutral” rating and set a $201.00 target price (up from $175.00) on shares of Westinghouse Air Brake Technologies in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. boosted their target price on Westinghouse Air Brake Technologies from $175.00 to $194.00 and gave the stock a “neutral” rating in a research report on Thursday, April 24th. Finally, Susquehanna decreased their target price on Westinghouse Air Brake Technologies from $218.00 to $210.00 and set a “positive” rating on the stock in a research report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $211.83.

Hedge Funds Weigh In On Westinghouse Air Brake Technologies

Several institutional investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. increased its stake in Westinghouse Air Brake Technologies by 2,220.1% in the first quarter. Pacer Advisors Inc. now owns 738,038 shares of the transportation company’s stock valued at $133,843,000 after purchasing an additional 706,227 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Westinghouse Air Brake Technologies by 46.0% during the first quarter. BNP Paribas Financial Markets now owns 380,793 shares of the transportation company’s stock worth $69,057,000 after acquiring an additional 120,057 shares during the last quarter. Rhumbline Advisers increased its stake in Westinghouse Air Brake Technologies by 3.0% during the first quarter. Rhumbline Advisers now owns 313,459 shares of the transportation company’s stock worth $56,846,000 after acquiring an additional 9,041 shares during the last quarter. New York State Common Retirement Fund increased its stake in Westinghouse Air Brake Technologies by 16.0% during the first quarter. New York State Common Retirement Fund now owns 142,163 shares of the transportation company’s stock worth $25,781,000 after acquiring an additional 19,600 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Westinghouse Air Brake Technologies during the fourth quarter worth about $22,509,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

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.