Westinghouse Air Brake Technologies Co. (NYSE:WAB) CTO Eric Gebhardt Sells 6,151 Shares

Westinghouse Air Brake Technologies Co. (NYSE:WAB - Get Free Report) CTO Eric Gebhardt sold 6,151 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $202.39, for a total value of $1,244,900.89. Following the completion of the transaction, the chief technology officer now owns 18,697 shares in the company, valued at approximately $3,784,085.83. This trade represents a 24.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Westinghouse Air Brake Technologies Stock Down 0.3%

Shares of WAB stock traded down $0.64 during trading hours on Monday, reaching $201.68. The company had a trading volume of 797,042 shares, compared to its average volume of 1,078,227. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.69 and a current ratio of 1.30. Westinghouse Air Brake Technologies Co. has a twelve month low of $147.66 and a twelve month high of $210.88. The company has a market capitalization of $34.51 billion, a P/E ratio of 33.45, a price-to-earnings-growth ratio of 1.50 and a beta of 1.12. The stock's fifty day simple moving average is $186.02 and its 200 day simple moving average is $191.29.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.03 by $0.25. Westinghouse Air Brake Technologies had a return on equity of 12.78% and a net margin of 10.17%. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same quarter last year, the firm earned $1.89 earnings per share. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, sell-side analysts expect that Westinghouse Air Brake Technologies Co. will post 8.54 earnings per share for the current fiscal year.

Westinghouse Air Brake Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Tuesday, May 27th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.50%. Westinghouse Air Brake Technologies's dividend payout ratio (DPR) is 15.67%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on WAB shares. Wall Street Zen upgraded Westinghouse Air Brake Technologies from a "hold" rating to a "buy" rating in a report on Tuesday, May 6th. Stephens restated an "overweight" rating and issued a $220.00 price objective on shares of Westinghouse Air Brake Technologies in a report on Thursday, February 13th. Susquehanna lowered 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. The Goldman Sachs Group reiterated a "neutral" rating and issued a $201.00 target price (up previously from $175.00) on shares of Westinghouse Air Brake Technologies in a research note on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. increased their target price on 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. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Westinghouse Air Brake Technologies has an average rating of "Moderate Buy" and a consensus price target of $211.83.

Institutional Trading of Westinghouse Air Brake Technologies

Hedge funds have recently made changes to their positions in the stock. Putney Financial Group LLC bought a new stake in shares of Westinghouse Air Brake Technologies in the 4th quarter worth approximately $52,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Westinghouse Air Brake Technologies by 9.8% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 630 shares of the transportation company's stock worth $114,000 after purchasing an additional 56 shares during the last quarter. Dorsey & Whitney Trust CO LLC bought a new stake in shares of Westinghouse Air Brake Technologies in the 4th quarter worth approximately $204,000. GF Fund Management CO. LTD. bought a new stake in shares of Westinghouse Air Brake Technologies in the 4th quarter worth approximately $205,000. Finally, Longboard Asset Management LP bought a new stake in shares of Westinghouse Air Brake Technologies in the 4th quarter worth approximately $252,000. Institutional investors own 91.69% of the company's stock.

About Westinghouse Air Brake Technologies

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.