Westinghouse Air Brake Technologies Co. (NYSE:WAB) VP Sells $487,023.68 in Stock

Westinghouse Air Brake Technologies Co. (NYSE:WAB - Get Free Report) VP David L. Deninno sold 3,016 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $161.48, for a total transaction of $487,023.68. Following the sale, the vice president now directly owns 65,352 shares of the company's stock, valued at approximately $10,553,040.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Westinghouse Air Brake Technologies Trading Down 0.7 %

NYSE WAB traded down $1.12 on Monday, hitting $163.24. The company's stock had a trading volume of 1,633,695 shares, compared to its average volume of 1,070,747. The company has a quick ratio of 0.77, a current ratio of 1.52 and a debt-to-equity ratio of 0.38. Westinghouse Air Brake Technologies Co. has a 1-year low of $91.89 and a 1-year high of $167.49. The company's 50-day moving average is $144.38 and its 200 day moving average is $128.89. The firm has a market cap of $28.79 billion, a PE ratio of 31.87, a PEG ratio of 1.45 and a beta of 1.40.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.40. Westinghouse Air Brake Technologies had a net margin of 9.20% and a return on equity of 11.25%. The company had revenue of $2.50 billion during the quarter, compared to analysts' expectations of $2.40 billion. During the same period in the prior year, the company posted $1.28 earnings per share. Westinghouse Air Brake Technologies's revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, analysts predict that Westinghouse Air Brake Technologies Co. will post 7.34 earnings per share for the current fiscal year.

Westinghouse Air Brake Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This is a boost from Westinghouse Air Brake Technologies's previous quarterly dividend of $0.17. This represents a $0.80 annualized dividend and a dividend yield of 0.49%. Westinghouse Air Brake Technologies's dividend payout ratio is 15.63%.

Wall Street Analyst Weigh In

WAB has been the subject of a number of analyst reports. TD Cowen lifted their price objective on shares of Westinghouse Air Brake Technologies from $130.00 to $147.00 and gave the company a "hold" rating in a research report on Thursday. Bank of America raised their target price on shares of Westinghouse Air Brake Technologies from $156.00 to $162.00 and gave the stock a "buy" rating in a research note on Monday, April 15th. The Goldman Sachs Group raised their target price on shares of Westinghouse Air Brake Technologies from $138.00 to $152.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 16th. Stephens raised their target price on shares of Westinghouse Air Brake Technologies from $165.00 to $180.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, Redburn Atlantic cut shares of Westinghouse Air Brake Technologies from a "buy" rating to a "neutral" rating and set a $135.00 target price for the company. in a research note on Thursday, February 15th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $156.18.

Institutional Investors Weigh In On Westinghouse Air Brake Technologies

Several large investors have recently modified their holdings of WAB. Applied Finance Capital Management LLC boosted its stake in Westinghouse Air Brake Technologies by 5.7% during the third quarter. Applied Finance Capital Management LLC now owns 145,099 shares of the transportation company's stock worth $15,420,000 after acquiring an additional 7,785 shares in the last quarter. Watchman Group Inc. boosted its stake in Westinghouse Air Brake Technologies by 0.9% during the third quarter. Watchman Group Inc. now owns 28,921 shares of the transportation company's stock worth $3,073,000 after acquiring an additional 269 shares in the last quarter. V Square Quantitative Management LLC bought a new position in Westinghouse Air Brake Technologies during the third quarter worth $204,000. Industrial Alliance Investment Management Inc. bought a new position in Westinghouse Air Brake Technologies during the third quarter worth $498,000. Finally, iA Global Asset Management Inc. bought a new position in Westinghouse Air Brake Technologies during the third quarter worth $1,915,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

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.