Westinghouse Air Brake Technologies Co. (NYSE:WAB – Get Free Report) VP David L. Deninno sold 3,016 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $161.48, for a total transaction of $487,023.68. Following the completion of the sale, the vice president now owns 65,352 shares in the company, valued at $10,553,040.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Westinghouse Air Brake Technologies Stock Performance
NYSE WAB opened at $160.54 on Thursday. The firm has a 50-day moving average of $145.49 and a 200-day moving average of $129.72. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.77 and a current ratio of 1.52. The stock has a market cap of $28.32 billion, a PE ratio of 31.38, a P/E/G ratio of 1.44 and a beta of 1.40. Westinghouse Air Brake Technologies Co. has a 52-week low of $91.89 and a 52-week high of $167.49.
Westinghouse Air Brake Technologies (NYSE:WAB – Get Free Report) last posted its earnings results 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 company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.40 billion. Westinghouse Air Brake Technologies had a net margin of 9.20% and a return on equity of 11.25%. Westinghouse Air Brake Technologies’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.28 EPS. On average, sell-side analysts anticipate that Westinghouse Air Brake Technologies Co. will post 7.34 EPS for the current year.
Westinghouse Air Brake Technologies Increases Dividend
Institutional Trading of Westinghouse Air Brake Technologies
Hedge funds and other institutional investors have recently bought and sold shares of the business. iA Global Asset Management Inc. acquired a new stake in Westinghouse Air Brake Technologies in the 3rd quarter worth about $1,915,000. First Hawaiian Bank raised its stake in 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 worth $449,000 after purchasing an additional 1,167 shares in the last quarter. Handelsinvest Investeringsforvaltning acquired a new stake in Westinghouse Air Brake Technologies in the 4th quarter worth about $1,030,000. Watchman Group Inc. raised its stake in Westinghouse Air Brake Technologies by 0.9% in the 3rd 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 in the last quarter. Finally, Applied Finance Capital Management LLC raised its stake in Westinghouse Air Brake Technologies by 5.7% in the 3rd quarter. Applied Finance Capital Management LLC now owns 145,099 shares of the transportation company’s stock worth $15,420,000 after purchasing an additional 7,785 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.
Analyst Ratings Changes
Several research firms have weighed in 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 report on Thursday, April 25th. Stephens increased their price objective on shares of Westinghouse Air Brake Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Wells Fargo & Company increased their price objective on shares of Westinghouse Air Brake Technologies from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Bank of America increased their price objective on shares of Westinghouse Air Brake Technologies from $156.00 to $162.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Finally, Redburn Atlantic downgraded shares of 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. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $156.18.
Read Our Latest Stock Analysis on WAB
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.
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