Westinghouse Air Brake Technologies Co. (NYSE:WAB) CEO Rafael Santana Sells 886 Shares

Westinghouse Air Brake Technologies Co. (NYSE:WAB) CEO Rafael Santana sold 886 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $182.34, for a total value of $161,553.24. Following the completion of the sale, the chief executive officer now directly owns 176,295 shares in the company, valued at $32,145,630.30. This trade represents a 0.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Westinghouse Air Brake Technologies Stock Performance

WAB traded up $3.38 during trading on Friday, reaching $184.57. 784,800 shares of the company’s stock were exchanged, compared to its average volume of 1,151,528. The company has a market capitalization of $31.53 billion, a P/E ratio of 30.60, a PEG ratio of 1.50 and a beta of 1.27. The company has a quick ratio of 0.69, a current ratio of 1.30 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average price of $196.32 and a 200 day moving average price of $188.22. Westinghouse Air Brake Technologies Co. has a fifty-two week low of $139.12 and a fifty-two week high of $210.88.

Westinghouse Air Brake Technologies (NYSE:WAB) last released its quarterly earnings data on Wednesday, February 12th. The transportation company reported $1.68 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%. As a group, analysts predict 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 business 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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.54%. This is an increase from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, February 21st. Westinghouse Air Brake Technologies’s payout ratio is presently 16.58%.

Analysts Set New Price Targets

WAB has been the topic of several research analyst reports. KeyCorp raised their price objective on shares of Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Bank of America raised their price target on shares of Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Finally, Stephens reaffirmed an “overweight” rating and set a $220.00 price objective on shares of Westinghouse Air Brake Technologies in a research report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Westinghouse Air Brake Technologies has an average rating of “Moderate Buy” and a consensus target price of $206.33.

Hedge Funds Weigh In On Westinghouse Air Brake Technologies

A number of hedge funds have recently modified their holdings of WAB. Erste Asset Management GmbH acquired a new stake in Westinghouse Air Brake Technologies in the 3rd quarter valued at $61,474,000. Lord Abbett & CO. LLC bought a new position in shares of Westinghouse Air Brake Technologies during the third quarter valued at $24,630,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Westinghouse Air Brake Technologies in the 4th quarter valued at $22,509,000. AGF Management Ltd. bought a new stake in shares of Westinghouse Air Brake Technologies in the 4th quarter worth about $10,566,000. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Westinghouse Air Brake Technologies in the 3rd quarter worth about $7,128,000. 91.69% of the stock is owned by institutional investors and hedge funds.

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.