Insider Selling: Westinghouse Air Brake Technologies Co. (NYSE:WAB) CAO Sells 2,796 Shares of Stock

Westinghouse Air Brake Technologies Co. (NYSE:WAB) CAO John A. Mastalerz, Jr. sold 2,796 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $199.71, for a total value of $558,389.16. Following the completion of the sale, the chief accounting officer now directly owns 5,683 shares of the company’s stock, valued at $1,134,951.93. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Westinghouse Air Brake Technologies Stock Performance

NYSE:WAB traded down $1.68 during midday trading on Thursday, reaching $198.72. 668,891 shares of the company traded hands, compared to its average volume of 1,083,274. Westinghouse Air Brake Technologies Co. has a twelve month low of $108.95 and a twelve month high of $202.18. The firm has a market capitalization of $34.16 billion, a price-to-earnings ratio of 33.40, a price-to-earnings-growth ratio of 1.47 and a beta of 1.27. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.65. The company has a fifty day moving average price of $180.33 and a 200 day moving average price of $168.47.

Westinghouse Air Brake Technologies (NYSE:WAB) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.13. Westinghouse Air Brake Technologies had a return on equity of 12.52% and a net margin of 10.25%. The company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.68 billion. During the same quarter in the previous year, the firm posted $1.70 EPS. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts expect that Westinghouse Air Brake Technologies Co. will post 7.58 EPS for the current fiscal year.

Westinghouse Air Brake Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a $0.20 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $0.80 annualized dividend and a dividend yield of 0.40%. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is 13.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on WAB shares. The Goldman Sachs Group increased their price target on Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Stephens increased their price objective on Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Susquehanna increased their price objective on Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the stock a “positive” rating in a research report on Monday, October 21st. Finally, Bank of America increased their price objective on Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Westinghouse Air Brake Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $171.80.

Institutional Trading of Westinghouse Air Brake Technologies

Institutional investors have recently modified their holdings of the company. Bridges Investment Management Inc. raised its position in shares of Westinghouse Air Brake Technologies by 3.4% during the third quarter. Bridges Investment Management Inc. now owns 2,357 shares of the transportation company’s stock worth $428,000 after purchasing an additional 77 shares during the period. Forsta AP Fonden raised its position in shares of Westinghouse Air Brake Technologies by 4.3% during the third quarter. Forsta AP Fonden now owns 50,600 shares of the transportation company’s stock worth $9,198,000 after purchasing an additional 2,100 shares during the period. Eastern Bank acquired a new stake in shares of Westinghouse Air Brake Technologies during the third quarter worth $33,000. Border to Coast Pensions Partnership Ltd raised its position in shares of Westinghouse Air Brake Technologies by 4.5% during the third quarter. Border to Coast Pensions Partnership Ltd now owns 201,011 shares of the transportation company’s stock worth $36,431,000 after purchasing an additional 8,575 shares during the period. Finally, V Square Quantitative Management LLC raised its position in shares of Westinghouse Air Brake Technologies by 22.7% during the third quarter. V Square Quantitative Management LLC now owns 2,461 shares of the transportation company’s stock worth $447,000 after purchasing an additional 455 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

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.