Westinghouse Air Brake Technologies Co. (NYSE:WAB) VP Sells $603,150.00 in Stock

Westinghouse Air Brake Technologies Co. (NYSE:WAB - Get Free Report) VP David L. Deninno sold 3,000 shares of the stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $201.05, for a total transaction of $603,150.00. Following the transaction, the vice president now directly owns 60,450 shares in the company, valued at approximately $12,153,472.50. This represents a 4.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Westinghouse Air Brake Technologies Trading Down 0.9%

Shares of WAB traded down $1.92 during trading hours on Wednesday, reaching $201.30. 902,475 shares of the company traded hands, compared to its average volume of 1,085,358. The company's fifty day moving average price is $184.92 and its two-hundred day moving average price is $191.24. The company has a market capitalization of $34.45 billion, a price-to-earnings ratio of 33.38, a price-to-earnings-growth ratio of 1.50 and a beta of 1.12. The company has a quick ratio of 0.69, a current ratio of 1.30 and a debt-to-equity ratio of 0.34. Westinghouse Air Brake Technologies Co. has a 12 month low of $147.66 and a 12 month high of $210.88.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last posted 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 business had revenue of $2.61 billion for the quarter, compared to analysts' expectations of $2.61 billion. Westinghouse Air Brake Technologies had a return on equity of 12.78% and a net margin of 10.17%. The business's revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.89 EPS. Equities research analysts predict 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Tuesday, May 27th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.50%. Westinghouse Air Brake Technologies's dividend payout ratio is presently 15.67%.

Institutional Investors Weigh In On Westinghouse Air Brake Technologies

Several hedge funds have recently made changes to their positions in the company. Putney Financial Group LLC bought a new stake in shares of Westinghouse Air Brake Technologies during the 4th quarter valued at $52,000. MassMutual Private Wealth & Trust FSB boosted its stake in 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 in the last quarter. Dorsey & Whitney Trust CO LLC bought a new stake in Westinghouse Air Brake Technologies during the fourth quarter worth about $204,000. GF Fund Management CO. LTD. bought a new stake in Westinghouse Air Brake Technologies during the fourth quarter worth about $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. 91.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on WAB shares. JPMorgan Chase & Co. raised their target price on shares of Westinghouse Air Brake Technologies from $175.00 to $194.00 and gave the stock a "neutral" rating in a report on Thursday, April 24th. Susquehanna decreased their price objective on shares of Westinghouse Air Brake Technologies from $218.00 to $210.00 and set a "positive" rating on the stock in a research report on Thursday, April 24th. Wall Street Zen upgraded shares of Westinghouse Air Brake Technologies from a "hold" rating to a "buy" rating in a research report on Tuesday, May 6th. Stephens reissued an "overweight" rating and issued a $220.00 target price on shares of Westinghouse Air Brake Technologies in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group reissued a "neutral" rating and issued a $201.00 target price (up from $175.00) on shares of Westinghouse Air Brake Technologies in a research note on Wednesday, April 23rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.