Insider Selling: Westinghouse Air Brake Technologies Co. (NYSE:WAB) CEO Sells 886 Shares of Stock

Westinghouse Air Brake Technologies Co. (NYSE:WAB) CEO Rafael Santana sold 886 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $185.07, for a total transaction of $163,972.02. Following the sale, the chief executive officer now owns 201,558 shares in the company, valued at approximately $37,302,339.06. This represents a 0.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• 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 transaction of $161,553.24.

Westinghouse Air Brake Technologies Stock Down 7.3 %

Shares of WAB opened at $160.91 on Friday. The stock has a 50 day moving average price of $188.71 and a 200 day moving average price of $191.37. Westinghouse Air Brake Technologies Co. has a one year low of $143.22 and a one year high of $210.88. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.69 and a current ratio of 1.30. The stock has a market capitalization of $27.49 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 1.50 and a beta of 1.14.

Westinghouse Air Brake Technologies (NYSE:WAB) last released its earnings results on Wednesday, February 12th. The transportation company reported $1.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.06). Westinghouse Air Brake Technologies had a return on equity of 12.78% and a net margin of 10.17%. Equities research analysts forecast 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 firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.62%. This is a positive change from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, February 21st. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is 16.58%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Putney Financial Group LLC acquired a new stake in shares of Westinghouse Air Brake Technologies in the fourth quarter valued at approximately $52,000. Garde Capital Inc. acquired a new stake in shares of Westinghouse Air Brake Technologies in the 3rd quarter worth $110,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Westinghouse Air Brake Technologies by 9.8% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 630 shares of the transportation company’s stock worth $114,000 after acquiring an additional 56 shares during the period. Dorsey & Whitney Trust CO LLC purchased a new position in shares of Westinghouse Air Brake Technologies during the 4th quarter worth $204,000. Finally, GF Fund Management CO. LTD. acquired a new position in shares of Westinghouse Air Brake Technologies during the 4th quarter valued at about $205,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WAB has been the subject of several recent analyst reports. Bank of America lifted their price target on Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Stephens reaffirmed an “overweight” rating and set a $220.00 target price on shares of Westinghouse Air Brake Technologies in a research note on Thursday, February 13th. Finally, StockNews.com cut shares of Westinghouse Air Brake Technologies from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Westinghouse Air Brake Technologies has an average rating of “Moderate Buy” and a consensus target price of $206.33.

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.