Insider Selling: Westinghouse Air Brake Technologies Co. (NYSE:WAB) Director Sells 1,000 Shares of Stock

Westinghouse Air Brake Technologies Co. (NYSE:WAB) Director Brian Hehir sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $161.62, for a total value of $161,620.00. Following the completion of the transaction, the director now directly owns 23,230 shares in the company, valued at approximately $3,754,432.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Westinghouse Air Brake Technologies Stock Down 2.3 %

NYSE WAB opened at $153.14 on Friday. The business has a fifty day moving average price of $162.21 and a two-hundred day moving average price of $151.72. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.38 and a quick ratio of 0.73. Westinghouse Air Brake Technologies Co. has a fifty-two week low of $98.70 and a fifty-two week high of $170.83. The stock has a market capitalization of $26.83 billion, a PE ratio of 29.91, a PEG ratio of 1.31 and a beta of 1.29.

Westinghouse Air Brake Technologies (NYSE:WAB) last released its earnings results on Wednesday, July 24th. The transportation company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.08. Westinghouse Air Brake Technologies had a return on equity of 12.05% and a net margin of 9.94%. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same period in the prior year, the company earned $1.41 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. Equities analysts expect that Westinghouse Air Brake Technologies Co. will post 7.42 earnings per share for the current fiscal year.

Westinghouse Air Brake Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.52%. The ex-dividend date is Wednesday, August 14th. Westinghouse Air Brake Technologies’s payout ratio is presently 15.63%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. V Square Quantitative Management LLC lifted its stake in shares of Westinghouse Air Brake Technologies by 36.8% in the 1st quarter. V Square Quantitative Management LLC now owns 2,624 shares of the transportation company’s stock valued at $382,000 after acquiring an additional 706 shares during the last quarter. Forsta AP Fonden lifted its stake in shares of Westinghouse Air Brake Technologies by 64.5% in the 1st quarter. Forsta AP Fonden now owns 53,300 shares of the transportation company’s stock valued at $7,765,000 after acquiring an additional 20,900 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Westinghouse Air Brake Technologies by 107.8% in the 1st quarter. BNP Paribas Financial Markets now owns 170,248 shares of the transportation company’s stock valued at $24,802,000 after acquiring an additional 88,325 shares during the last quarter. First Hawaiian Bank lifted its stake in shares of Westinghouse Air Brake Technologies by 4.4% in the 1st quarter. First Hawaiian Bank now owns 3,699 shares of the transportation company’s stock valued at $539,000 after acquiring an additional 157 shares during the last quarter. Finally, Applied Finance Capital Management LLC lifted its stake in shares of Westinghouse Air Brake Technologies by 9.8% in the 4th quarter. Applied Finance Capital Management LLC now owns 159,384 shares of the transportation company’s stock valued at $20,226,000 after acquiring an additional 14,285 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on WAB shares. TD Cowen upped their target price on Westinghouse Air Brake Technologies from $130.00 to $147.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. Bank of America upped their target price on Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. KeyCorp upped their target price on Westinghouse Air Brake Technologies from $155.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Susquehanna upped 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. Finally, The Goldman Sachs Group increased their price target on Westinghouse Air Brake Technologies from $160.00 to $181.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 4th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $163.90.

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.