Insider Selling: Westinghouse Air Brake Technologies Co. (NYSE:WAB) CEO Sells 68,833 Shares of Stock

Westinghouse Air Brake Technologies Co. (NYSE:WAB - Get Free Report) CEO Rafael Santana sold 68,833 shares of Westinghouse Air Brake Technologies stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $191.70, for a total transaction of $13,195,286.10. Following the sale, the chief executive officer now owns 145,616 shares of the company's stock, valued at approximately $27,914,587.20. The trade was a 32.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Rafael Santana also recently made the following trade(s):

• On Wednesday, April 2nd, Rafael Santana sold 886 shares of Westinghouse Air Brake Technologies stock. The shares were sold at an average price of $185.07, for a total transaction of $163,972.02.
• On Thursday, February 27th, Rafael Santana sold 886 shares of Westinghouse Air Brake Technologies stock. The stock was sold at an average price of $182.34, for a total value of $161,553.24.

Westinghouse Air Brake Technologies Trading Down 0.0 %

NYSE WAB traded down $0.06 on Friday, reaching $191.69. The stock had a trading volume of 39,017 shares, compared to its average volume of 1,090,470. Westinghouse Air Brake Technologies Co. has a 12-month low of $147.66 and a 12-month high of $210.88. The stock has a fifty day moving average price of $179.03 and a two-hundred day moving average price of $190.31. The firm has a market capitalization of $32.80 billion, a price-to-earnings ratio of 31.79, a P/E/G 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 (NYSE:WAB - Get Free Report) last released its earnings results 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. Westinghouse Air Brake Technologies had a return on equity of 12.78% and a net margin of 10.17%. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the previous year, the company posted $1.89 EPS. Westinghouse Air Brake Technologies's revenue was up 4.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Westinghouse Air Brake Technologies Co. will post 8.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

WAB has been the topic of a number of research reports. Bank of America raised their price objective on Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. StockNews.com upgraded Westinghouse Air Brake Technologies from a "hold" rating to a "buy" rating in a report on Tuesday. JPMorgan Chase & Co. increased their price target on Westinghouse Air Brake Technologies from $175.00 to $194.00 and gave the company a "neutral" rating in a report on Thursday, April 24th. Stephens reissued an "overweight" rating and set a $220.00 price objective on shares of Westinghouse Air Brake Technologies in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $201.00 price target (up previously from $175.00) on shares of Westinghouse Air Brake Technologies in a report on Wednesday, April 23rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $211.83.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of WAB. Harvest Fund Management Co. Ltd raised its holdings in Westinghouse Air Brake Technologies by 30.5% in the first quarter. Harvest Fund Management Co. Ltd now owns 5,097 shares of the transportation company's stock valued at $957,000 after acquiring an additional 1,190 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Westinghouse Air Brake Technologies by 2,220.1% during the 1st quarter. Pacer Advisors Inc. now owns 738,038 shares of the transportation company's stock worth $133,843,000 after purchasing an additional 706,227 shares during the last quarter. New York State Common Retirement Fund lifted its position in shares of Westinghouse Air Brake Technologies by 16.0% during the 1st quarter. New York State Common Retirement Fund now owns 142,163 shares of the transportation company's stock worth $25,781,000 after purchasing an additional 19,600 shares during the last quarter. Greenleaf Trust grew its stake in shares of Westinghouse Air Brake Technologies by 2.8% during the first quarter. Greenleaf Trust now owns 3,437 shares of the transportation company's stock worth $623,000 after purchasing an additional 93 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in Westinghouse Air Brake Technologies by 3.0% in the first quarter. Rhumbline Advisers now owns 313,459 shares of the transportation company's stock valued at $56,846,000 after buying an additional 9,041 shares in the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

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.