Westinghouse Air Brake Technologies Co. (NYSE:WAB) Insider Pascal Schweitzer Sells 4,000 Shares

Westinghouse Air Brake Technologies Co. (NYSE:WAB - Get Free Report) insider Pascal Schweitzer sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $184.63, for a total value of $738,520.00. Following the completion of the sale, the insider now owns 11,955 shares of the company's stock, valued at $2,207,251.65. This represents a 25.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Westinghouse Air Brake Technologies Price Performance

NYSE WAB traded down $0.83 during trading hours on Monday, reaching $183.20. 830,239 shares of the company's stock were exchanged, compared to its average volume of 1,107,986. The firm has a fifty day moving average of $178.49 and a 200-day moving average of $190.40. The company has a current ratio of 1.30, a quick ratio of 0.69 and a debt-to-equity ratio of 0.34. Westinghouse Air Brake Technologies Co. has a one year low of $147.66 and a one year high of $210.88. The stock has a market cap of $31.32 billion, a PE ratio of 30.38, a price-to-earnings-growth ratio of 1.50 and a beta of 1.14.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $2.61 billion during the quarter, compared to analysts' expectations of $2.61 billion. During the same period in the previous year, the business posted $1.89 earnings per share. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. On average, 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 Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were paid a dividend of $0.25 per share. This is a boost from Westinghouse Air Brake Technologies's previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Friday, February 21st. Westinghouse Air Brake Technologies's dividend payout ratio is 15.67%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Longboard Asset Management LP acquired a new stake in shares of Westinghouse Air Brake Technologies in the 4th quarter valued at $252,000. Pacer Advisors Inc. increased its position in Westinghouse Air Brake Technologies by 88.8% in the fourth quarter. Pacer Advisors Inc. now owns 31,811 shares of the transportation company's stock worth $6,031,000 after purchasing an additional 14,959 shares during the period. AGF Management Ltd. bought a new stake in Westinghouse Air Brake Technologies during the 4th quarter worth about $10,566,000. Longbow Finance SA acquired a new position in Westinghouse Air Brake Technologies during the 4th quarter valued at about $4,312,000. Finally, Lord Abbett & CO. LLC bought a new position in shares of Westinghouse Air Brake Technologies in the 3rd quarter valued at about $24,630,000. Institutional investors own 91.69% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. StockNews.com cut Westinghouse Air Brake Technologies from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. raised their price objective 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. Susquehanna dropped their price target on shares of Westinghouse Air Brake Technologies from $218.00 to $210.00 and set a "positive" rating for the company in a research report on Thursday. Bank of America lifted 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. Finally, Stephens reissued an "overweight" rating and issued a $220.00 target price on shares of Westinghouse Air Brake Technologies in a report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.

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