Brian Hehir Sells 1,000 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) Stock

Westinghouse Air Brake Technologies Co. (NYSE:WAB) Director Brian Hehir sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $161.62, for a total transaction of $161,620.00. Following the sale, the director now owns 23,230 shares in the company, valued at approximately $3,754,432.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Westinghouse Air Brake Technologies Trading Down 2.7 %

Shares of WAB stock traded down $4.32 during trading hours on Thursday, reaching $156.83. 384,759 shares of the stock traded hands, compared to its average volume of 1,084,220. Westinghouse Air Brake Technologies Co. has a 1-year low of $98.70 and a 1-year high of $170.83. The business has a fifty day moving average price of $162.97 and a 200 day moving average price of $151.28. The company has a quick ratio of 0.73, a current ratio of 1.38 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $27.47 billion, a PE ratio of 31.47, a PEG ratio of 1.33 and a beta of 1.29.

Westinghouse Air Brake Technologies (NYSE:WAB) last announced its quarterly earnings data on Wednesday, July 24th. The transportation company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.08. Westinghouse Air Brake Technologies had a net margin of 9.94% and a return on equity of 12.05%. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the previous year, the firm posted $1.41 earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis. On average, equities research analysts forecast that Westinghouse Air Brake Technologies Co. will post 7.42 EPS for the current year.

Westinghouse Air Brake Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend is Wednesday, August 14th. Westinghouse Air Brake Technologies’s dividend payout ratio is currently 15.63%.

Wall Street Analysts Forecast Growth

WAB has been the topic of a number of research reports. TD Cowen raised their target price on shares of Westinghouse Air Brake Technologies from $130.00 to $147.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. Susquehanna raised their price objective on shares of Westinghouse Air Brake Technologies from $160.00 to $190.00 and gave the stock a “positive” rating in a report on Thursday, April 25th. Bank of America raised their price objective on shares of Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Stephens lifted their price target on shares of Westinghouse Air Brake Technologies from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Finally, The Goldman Sachs Group lifted their price target on shares of Westinghouse Air Brake Technologies from $160.00 to $181.00 and gave the company a “neutral” rating in a report on Tuesday, June 4th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $163.90.

Institutional Trading of Westinghouse Air Brake Technologies

A number of hedge funds have recently bought and sold shares of the stock. iA Global Asset Management Inc. boosted its holdings in Westinghouse Air Brake Technologies by 1.9% in the 2nd quarter. iA Global Asset Management Inc. now owns 15,325 shares of the transportation company’s stock valued at $2,422,000 after purchasing an additional 287 shares during the period. UMB Bank n.a. lifted its holdings in shares of Westinghouse Air Brake Technologies by 3.4% during the 2nd quarter. UMB Bank n.a. now owns 4,701 shares of the transportation company’s stock worth $743,000 after acquiring an additional 156 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Westinghouse Air Brake Technologies by 12.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 22,357 shares of the transportation company’s stock worth $3,534,000 after purchasing an additional 2,457 shares in the last quarter. DNB Asset Management AS increased its position in shares of Westinghouse Air Brake Technologies by 3.9% during the 2nd quarter. DNB Asset Management AS now owns 46,343 shares of the transportation company’s stock worth $7,325,000 after purchasing an additional 1,729 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its position in Westinghouse Air Brake Technologies by 26.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the transportation company’s stock valued at $90,000 after acquiring an additional 118 shares in the last quarter. 91.69% of the stock is owned by institutional investors.

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.