Westinghouse Air Brake Technologies Co. (NYSE:WAB) Insider 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 on Friday, April 25th. The shares were sold at an average price of $184.63, for a total transaction of $738,520.00. Following the sale, the insider now owns 11,955 shares in the company, valued at $2,207,251.65. The trade was a 25.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Westinghouse Air Brake Technologies Stock Performance

Shares of WAB stock traded up $4.41 during mid-day trading on Friday, reaching $191.33. The stock had a trading volume of 663,536 shares, compared to its average volume of 1,102,485. 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 1-year low of $147.66 and a 1-year high of $210.88. The firm has a market cap of $32.74 billion, a price-to-earnings ratio of 31.73, a PEG ratio of 1.50 and a beta of 1.14. The business's fifty day moving average is $178.42 and its 200-day moving average is $190.31.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.03 by $0.25. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.61 billion. Westinghouse Air Brake Technologies had a net margin of 10.17% and a return on equity of 12.78%. Westinghouse Air Brake Technologies's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the firm posted $1.89 EPS. On average, research analysts forecast that Westinghouse Air Brake Technologies Co. will post 8.54 earnings per share for the current year.

Westinghouse Air Brake Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.52%. This is a positive change from Westinghouse Air Brake Technologies's previous quarterly dividend of $0.20. Westinghouse Air Brake Technologies's dividend payout ratio (DPR) is presently 15.67%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Westinghouse Air Brake Technologies from $175.00 to $194.00 and gave the company a "neutral" rating in a research report on Thursday, April 24th. StockNews.com cut Westinghouse Air Brake Technologies from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. 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. Susquehanna decreased their price objective on 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. Finally, Bank of America increased their price target 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. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $211.83.

Institutional Trading of Westinghouse Air Brake Technologies

A number of hedge funds have recently modified their holdings of the stock. Lord Abbett & CO. LLC purchased a new stake in Westinghouse Air Brake Technologies in the 3rd quarter worth approximately $24,630,000. KLP Kapitalforvaltning AS purchased a new stake in Westinghouse Air Brake Technologies during the fourth quarter worth $22,509,000. AGF Management Ltd. acquired a new stake in Westinghouse Air Brake Technologies during the fourth quarter valued at $10,566,000. Twin Tree Management LP increased its holdings in Westinghouse Air Brake Technologies by 108.8% in the fourth quarter. Twin Tree Management LP now owns 2,960 shares of the transportation company's stock valued at $561,000 after buying an additional 36,435 shares in the last quarter. Finally, Longbow Finance SA purchased a new position in Westinghouse Air Brake Technologies in the fourth quarter valued at $4,312,000. Hedge funds and other institutional investors own 91.69% of the company's stock.

About Westinghouse Air Brake Technologies

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.