Pascal Schweitzer Sells 6,000 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) Stock

Westinghouse Air Brake Technologies Co. (NYSE:WAB - Get Free Report) insider Pascal Schweitzer sold 6,000 shares of the business's stock in a transaction on Monday, April 29th. The stock was sold at an average price of $162.74, for a total value of $976,440.00. Following the completion of the sale, the insider now directly owns 10,633 shares in the company, valued at $1,730,414.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Pascal Schweitzer also recently made the following trade(s):

• On Monday, March 11th, Pascal Schweitzer sold 6,000 shares of Westinghouse Air Brake Technologies stock. The shares were sold at an average price of $140.61, for a total transaction of $843,660.00.

Westinghouse Air Brake Technologies Price Performance

WAB stock traded down $0.54 during midday trading on Wednesday, hitting $160.54. The company's stock had a trading volume of 1,017,204 shares, compared to its average volume of 1,076,272. Westinghouse Air Brake Technologies Co. has a 12 month low of $91.89 and a 12 month high of $167.49. The company has a 50 day moving average of $145.49 and a two-hundred day moving average of $129.72. The company has a quick ratio of 0.77, a current ratio of 1.52 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $28.32 billion, a price-to-earnings ratio of 31.38, a price-to-earnings-growth ratio of 1.44 and a beta of 1.40.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the previous year, the firm posted $1.28 EPS. Westinghouse Air Brake Technologies's revenue for the quarter was up 13.9% compared to the same quarter last year. On average, analysts expect that Westinghouse Air Brake Technologies Co. will post 7.34 EPS for the current year.

Westinghouse Air Brake Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.50%. 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. Westinghouse Air Brake Technologies's dividend payout ratio (DPR) is currently 15.63%.

Institutional Trading of Westinghouse Air Brake Technologies

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

Analysts Set New Price Targets

Several brokerages recently weighed in on WAB. Wells Fargo & Company raised their price target on shares of Westinghouse Air Brake Technologies from $135.00 to $150.00 and gave the company an "overweight" rating in a research report on Thursday, February 15th. Morgan Stanley initiated coverage on Westinghouse Air Brake Technologies in a report on Monday, January 8th. They issued an "overweight" rating and a $137.00 target price for the company. Jefferies Financial Group raised shares of Westinghouse Air Brake Technologies from a "hold" rating to a "buy" rating and boosted their price objective for the company from $115.00 to $150.00 in a report on Thursday, January 11th. Susquehanna boosted their target price on shares of Westinghouse Air Brake Technologies from $160.00 to $190.00 and gave the company a "positive" rating in a research note on Thursday, April 25th. Finally, KeyCorp raised their price target on Westinghouse Air Brake Technologies from $155.00 to $185.00 and gave the stock an "overweight" rating in a research note on Thursday, April 25th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $156.18.

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.