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

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

Westinghouse Air Brake Technologies Stock Up 0.2%

NYSE:WAB traded up $0.46 during trading hours on Friday, hitting $201.91. 1,785,666 shares of the company's stock traded hands, compared to its average volume of 1,082,908. The firm has a market cap of $34.55 billion, a P/E ratio of 33.48, a P/E/G ratio of 1.50 and a beta of 1.12. 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 debt-to-equity ratio of 0.34, a quick ratio of 0.69 and a current ratio of 1.30. The stock's fifty day moving average price is $185.74 and its two-hundred day moving average price is $191.33.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last issued its quarterly earnings data 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. The firm 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%. The company's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.89 earnings per share. On average, research analysts expect that Westinghouse Air Brake Technologies Co. will post 8.54 earnings per share for the current fiscal year.

Westinghouse Air Brake Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Tuesday, May 27th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.50%. Westinghouse Air Brake Technologies's payout ratio is presently 15.67%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB boosted its position in shares of 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 period. Greenleaf Trust boosted its holdings in shares of Westinghouse Air Brake Technologies by 2.8% in the 1st quarter. Greenleaf Trust now owns 3,437 shares of the transportation company's stock worth $623,000 after acquiring an additional 93 shares in the last quarter. Hillsdale Investment Management Inc. boosted its holdings in shares of Westinghouse Air Brake Technologies by 3.8% in the 4th quarter. Hillsdale Investment Management Inc. now owns 5,400 shares of the transportation company's stock worth $1,024,000 after acquiring an additional 200 shares in the last quarter. Putney Financial Group LLC acquired a new position in Westinghouse Air Brake Technologies during the 4th quarter worth $52,000. Finally, DnB Asset Management AS lifted its holdings in Westinghouse Air Brake Technologies by 0.9% during the 4th quarter. DnB Asset Management AS now owns 48,101 shares of the transportation company's stock worth $9,119,000 after buying an additional 414 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Stephens reaffirmed an "overweight" rating and issued a $220.00 price target on shares of Westinghouse Air Brake Technologies in a report on Thursday, February 13th. Wall Street Zen upgraded Westinghouse Air Brake Technologies from a "hold" rating to a "buy" rating in a report on Tuesday, May 6th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $201.00 target price (up from $175.00) on shares of Westinghouse Air Brake Technologies in a research report on Wednesday, April 23rd. Susquehanna decreased their price target on Westinghouse Air Brake Technologies from $218.00 to $210.00 and set a "positive" rating for the company in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. lifted their price target on Westinghouse Air Brake Technologies from $175.00 to $194.00 and gave the stock 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 given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.