USA Financial Formulas Sells 4,325 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB)

USA Financial Formulas trimmed its position in Westinghouse Air Brake Technologies Co. (NYSE:WAB - Free Report) by 90.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 457 shares of the transportation company's stock after selling 4,325 shares during the period. USA Financial Formulas' holdings in Westinghouse Air Brake Technologies were worth $83,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Putney Financial Group LLC purchased a new position in Westinghouse Air Brake Technologies in the fourth quarter valued at about $52,000. MassMutual Private Wealth & Trust FSB boosted its stake in Westinghouse Air Brake Technologies by 9.8% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 630 shares of the transportation company's stock valued at $114,000 after acquiring an additional 56 shares during the last quarter. Dorsey & Whitney Trust CO LLC purchased a new position in Westinghouse Air Brake Technologies in the fourth quarter valued at about $204,000. GF Fund Management CO. LTD. purchased a new position in Westinghouse Air Brake Technologies in the fourth quarter valued at about $205,000. Finally, Catalyst Funds Management Pty Ltd lifted its stake in shares of Westinghouse Air Brake Technologies by 200.0% during the 4th quarter. Catalyst Funds Management Pty Ltd now owns 1,800 shares of the transportation company's stock valued at $341,000 after buying an additional 1,200 shares in the last quarter. 91.69% of the stock is owned by institutional investors.

Westinghouse Air Brake Technologies Price Performance

Westinghouse Air Brake Technologies stock traded down $2.32 during midday trading on Friday, reaching $201.54. 589,329 shares of the stock were exchanged, compared to its average volume of 1,073,599. The company's fifty day moving average is $191.25 and its 200-day moving average is $191.66. 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 firm has a market cap of $34.49 billion, a PE ratio of 33.42, a PEG ratio of 1.50 and a beta of 1.12. Westinghouse Air Brake Technologies Co. has a 52 week low of $147.66 and a 52 week high of $210.88.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The transportation company reported $2.28 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.25. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.61 billion. Westinghouse Air Brake Technologies had a net margin of 10.17% and a return on equity of 12.78%. Westinghouse Air Brake Technologies's revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.89 EPS. On average, sell-side analysts forecast that Westinghouse Air Brake Technologies Co. will post 8.54 EPS for the current year.

Westinghouse Air Brake Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Tuesday, May 27th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.50%. Westinghouse Air Brake Technologies's payout ratio is 15.67%.

Insider Transactions at Westinghouse Air Brake Technologies

In other news, CEO Rafael Santana sold 886 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $185.07, for a total value of $163,972.02. Following the transaction, the chief executive officer now owns 201,558 shares of the company's stock, valued at $37,302,339.06. This represents a 0.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Eric Gebhardt sold 6,151 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $202.39, for a total transaction of $1,244,900.89. Following the completion of the transaction, the chief technology officer now directly owns 18,697 shares in the company, valued at $3,784,085.83. The trade was a 24.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 98,289 shares of company stock valued at $18,950,281 in the last quarter. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Westinghouse Air Brake Technologies from $175.00 to $194.00 and gave the company a "neutral" rating in a research note on Thursday, April 24th. The Goldman Sachs Group restated a "neutral" rating and set a $201.00 price target (up from $175.00) on shares of Westinghouse Air Brake Technologies in a research note on Wednesday, April 23rd. Susquehanna dropped their price target on shares of Westinghouse Air Brake Technologies from $218.00 to $210.00 and set a "positive" rating on the stock in a research note on Thursday, April 24th. Finally, Wall Street Zen upgraded shares of Westinghouse Air Brake Technologies from a "hold" rating to a "buy" rating in a research note on Tuesday, May 6th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $211.83.

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.