Insider Selling: Westinghouse Air Brake Technologies Co. (NYSE:WAB) CAO Sells $609,962.30 in 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 transaction 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 this link.

Westinghouse Air Brake Technologies Price Performance

Shares of NYSE:WAB opened at $160.54 on Thursday. Westinghouse Air Brake Technologies Co. has a fifty-two week low of $91.89 and a fifty-two week high of $167.49. The business has a 50-day simple moving average of $145.49 and a two-hundred day simple 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 firm has a market cap of $28.32 billion, a price-to-earnings ratio of 31.38, a price-to-earnings-growth ratio of 1.44 and a beta of 1.40.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its earnings results on Wednesday, April 24th. The transportation company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the previous year, the firm earned $1.28 EPS. Westinghouse Air Brake Technologies’s revenue was up 13.9% on a year-over-year basis. On average, analysts expect that Westinghouse Air Brake Technologies Co. will post 7.34 earnings per share for the current year.

Westinghouse Air Brake Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were paid a dividend of $0.20 per share. This is an increase from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.17. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend was Thursday, February 22nd. Westinghouse Air Brake Technologies’s payout ratio is currently 15.63%.

Analysts Set New Price Targets

WAB has been the topic of several recent analyst reports. Bank of America lifted their price target on shares of Westinghouse Air Brake Technologies from $156.00 to $162.00 and gave the company a “buy” rating in a report on Monday, April 15th. Wells Fargo & Company raised their price objective on Westinghouse Air Brake Technologies from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Morgan Stanley started coverage on Westinghouse Air Brake Technologies in a research report on Monday, January 8th. They set an “overweight” rating and a $137.00 price objective for the company. Susquehanna raised their price objective 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. Finally, The Goldman Sachs Group raised their price objective on Westinghouse Air Brake Technologies from $138.00 to $152.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $156.18.

Institutional Investors Weigh In On Westinghouse Air Brake Technologies

A number of large investors have recently made changes to their positions in the company. Greenleaf Trust grew its stake 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 valued at $466,000 after purchasing an additional 133 shares during the period. First Hawaiian Bank grew its stake in shares of Westinghouse Air Brake Technologies by 4.4% during the 1st quarter. First Hawaiian Bank now owns 3,699 shares of the transportation company’s stock valued at $539,000 after purchasing an additional 157 shares during the period. Watchman Group Inc. grew its stake in shares of Westinghouse Air Brake Technologies by 0.9% during the 3rd quarter. Watchman Group Inc. now owns 28,921 shares of the transportation company’s stock valued at $3,073,000 after purchasing an additional 269 shares during the period. V Square Quantitative Management LLC grew its stake in shares of Westinghouse Air Brake Technologies by 36.8% during the 1st quarter. V Square Quantitative Management LLC now owns 2,624 shares of the transportation company’s stock valued at $382,000 after purchasing an additional 706 shares during the period. Finally, Industrial Alliance Investment Management Inc. bought a new stake in shares of Westinghouse Air Brake Technologies during the 3rd quarter valued at about $498,000. 91.69% of the stock is currently owned by institutional investors.

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.