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 business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $182.34, for a total transaction of $161,553.24. Following the transaction, the chief executive officer now owns 176,295 shares of the company’s stock, valued at $32,145,630.30. This represents a 0.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Westinghouse Air Brake Technologies Stock Up 2.3 %

WAB opened at $185.31 on Monday. Westinghouse Air Brake Technologies Co. has a fifty-two week low of $139.12 and a fifty-two week 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 company has a fifty day moving average of $196.17 and a two-hundred day moving average of $188.88. The stock has a market capitalization of $31.66 billion, a price-to-earnings ratio of 30.73, a PEG ratio of 1.50 and a beta of 1.27.

Westinghouse Air Brake Technologies (NYSE:WAB) last released its quarterly earnings data on Wednesday, February 12th. The transportation company reported $1.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.06). Westinghouse Air Brake Technologies had a net margin of 10.17% and a return on equity of 12.78%. On average, research analysts expect that Westinghouse Air Brake Technologies Co. will post 8.54 earnings per share for the current year.

Westinghouse Air Brake Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be issued a $0.25 dividend. This is a boost from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, February 21st. This represents a $1.00 dividend on an annualized basis and a yield of 0.54%. Westinghouse Air Brake Technologies’s payout ratio is presently 16.58%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on WAB. Stephens restated an “overweight” rating and set a $220.00 target price on shares of Westinghouse Air Brake Technologies in a research report on Thursday, February 13th. KeyCorp boosted their target price on shares of Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Finally, Bank of America boosted their target price on shares of Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Westinghouse Air Brake Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $206.33.

Institutional Trading of Westinghouse Air Brake Technologies

A number of institutional investors and hedge funds have recently modified their holdings of WAB. Erste Asset Management GmbH purchased a new stake in shares of Westinghouse Air Brake Technologies during the third quarter worth about $61,474,000. Lord Abbett & CO. LLC purchased a new stake in shares of Westinghouse Air Brake Technologies during the third quarter worth about $24,630,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Westinghouse Air Brake Technologies during the fourth quarter worth about $22,509,000. AGF Management Ltd. purchased a new stake in shares of Westinghouse Air Brake Technologies during the fourth quarter worth about $10,566,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Westinghouse Air Brake Technologies during the third quarter worth about $7,128,000. 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.