Westinghouse Air Brake Technologies Co. (NYSE:WAB) Insider Sells $690,136.26 in Stock

Westinghouse Air Brake Technologies Co. (NYSE:WAB) insider Alicia Hammersmith sold 4,169 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $165.54, for a total value of $690,136.26. Following the completion of the sale, the insider now directly owns 5,606 shares of the company’s stock, valued at approximately $928,017.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Westinghouse Air Brake Technologies Trading Up 1.0 %

Shares of WAB opened at $169.57 on Friday. Westinghouse Air Brake Technologies Co. has a 1-year low of $98.70 and a 1-year high of $170.83. The company has a current ratio of 1.38, a quick ratio of 0.73 and a debt-to-equity ratio of 0.33. The firm’s 50-day moving average price is $160.25 and its 200-day moving average price is $155.46. The firm has a market capitalization of $29.71 billion, a price-to-earnings ratio of 33.12, a PEG ratio of 1.37 and a beta of 1.29.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its quarterly earnings data on Wednesday, July 24th. The transportation company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.08. Westinghouse Air Brake Technologies had a return on equity of 12.05% and a net margin of 9.94%. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same period in the previous year, the firm posted $1.41 EPS. The business’s revenue was up 9.8% on a year-over-year basis. Sell-side analysts anticipate that Westinghouse Air Brake Technologies Co. will post 7.46 EPS for the current year.

Westinghouse Air Brake Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Wednesday, August 14th. Westinghouse Air Brake Technologies’s payout ratio is currently 15.63%.

Analyst Ratings Changes

WAB has been the subject of a number of analyst reports. Bank of America increased their price objective on Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. The Goldman Sachs Group increased 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 research report on Tuesday, June 4th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $163.90.

Hedge Funds Weigh In On Westinghouse Air Brake Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Massmutual Trust Co. FSB ADV boosted its position in shares of 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 worth $90,000 after purchasing an additional 118 shares in the last quarter. Dorsey & Whitney Trust CO LLC bought a new position in shares of Westinghouse Air Brake Technologies during the first quarter valued at $204,000. Bridges Investment Management Inc. purchased a new position in shares of Westinghouse Air Brake Technologies in the 2nd quarter worth about $360,000. V Square Quantitative Management LLC boosted its stake in Westinghouse Air Brake Technologies by 36.8% in the 1st quarter. V Square Quantitative Management LLC now owns 2,624 shares of the transportation company’s stock worth $382,000 after purchasing an additional 706 shares in the last quarter. Finally, Greenleaf Trust grew its position in Westinghouse Air Brake Technologies by 4.3% during the 1st quarter. Greenleaf Trust now owns 3,201 shares of the transportation company’s stock valued at $466,000 after purchasing an additional 133 shares during the last quarter. Institutional investors 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.