Gina Trombley Sells 4,299 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) Stock

Westinghouse Air Brake Technologies Co. (NYSE:WAB - Get Free Report) EVP Gina Trombley sold 4,299 shares of the firm's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $202.00, for a total value of $868,398.00. Following the completion of the sale, the executive vice president now directly owns 13,696 shares of the company's stock, valued at $2,766,592. This trade represents a 23.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Westinghouse Air Brake Technologies Price Performance

Shares of WAB opened at $203.44 on Tuesday. The firm has a 50-day simple moving average of $192.11 and a two-hundred day simple moving average of $191.68. The stock has a market cap of $34.81 billion, a PE ratio of 33.74, a P/E/G ratio of 1.50 and a beta of 1.12. Westinghouse Air Brake Technologies Co. has a 1-year low of $147.66 and a 1-year high of $210.88. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.69.

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, beating the consensus estimate of $2.03 by $0.25. Westinghouse Air Brake Technologies had a net margin of 10.17% and a return on equity of 12.78%. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter last year, the firm earned $1.89 EPS. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. As a group, analysts forecast that Westinghouse Air Brake Technologies Co. will post 8.54 EPS for the current year.

Westinghouse Air Brake Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Tuesday, May 27th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.49%. Westinghouse Air Brake Technologies's dividend payout ratio is currently 15.67%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of 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. The Goldman Sachs Group restated a "neutral" rating and set a $201.00 price target (up previously from $175.00) on shares of Westinghouse Air Brake Technologies in a report on Wednesday, April 23rd. Wall Street Zen upgraded Westinghouse Air Brake Technologies from a "hold" rating to a "buy" rating in a report on Tuesday, May 6th. Finally, Susquehanna cut their target price on Westinghouse Air Brake Technologies from $218.00 to $210.00 and set a "positive" rating for the company in a research note on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $211.83.

Institutional Trading of Westinghouse Air Brake Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Putney Financial Group LLC acquired a new position in shares of Westinghouse Air Brake Technologies in the fourth quarter valued at approximately $52,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Westinghouse Air Brake Technologies by 9.8% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 630 shares of the transportation company's stock worth $114,000 after acquiring an additional 56 shares during the period. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Westinghouse Air Brake Technologies in the fourth quarter valued at $204,000. GF Fund Management CO. LTD. purchased a new position in Westinghouse Air Brake Technologies in the fourth quarter valued at $205,000. Finally, Catalyst Funds Management Pty Ltd increased its stake in shares of Westinghouse Air Brake Technologies by 200.0% during the fourth quarter. Catalyst Funds Management Pty Ltd now owns 1,800 shares of the transportation company's stock worth $341,000 after buying an additional 1,200 shares during the period. 91.69% of the stock is currently owned by hedge funds and other 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.

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