Westinghouse Air Brake Technologies Co. (NYSE:WAB) Insider Rogerio Mendonca Sells 3,965 Shares

Westinghouse Air Brake Technologies Co. (NYSE:WAB) insider Rogerio Mendonca sold 3,965 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $160.75, for a total transaction of $637,373.75. Following the transaction, the insider now owns 12,464 shares of the company’s stock, valued at approximately $2,003,588. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Westinghouse Air Brake Technologies Stock Performance

Shares of NYSE WAB opened at $163.24 on Tuesday. The stock has a market cap of $28.79 billion, a price-to-earnings ratio of 31.88, a PEG ratio of 1.45 and a beta of 1.40. Westinghouse Air Brake Technologies Co. has a 12 month low of $91.89 and a 12 month high of $167.49. The company has a 50 day simple moving average of $144.96 and a two-hundred day simple moving average of $129.30. The company has a current ratio of 1.52, a quick ratio of 0.77 and a debt-to-equity ratio of 0.38.

Westinghouse Air Brake Technologies (NYSE:WAB) last released its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Westinghouse Air Brake Technologies had a return on equity of 11.25% and a net margin of 9.20%. The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the prior year, the firm posted $1.28 EPS. Westinghouse Air Brake Technologies’s quarterly revenue was up 13.9% compared to the same quarter last year. As a group, analysts predict that Westinghouse Air Brake Technologies Co. will post 7.34 earnings per share for the current year.

Westinghouse Air Brake Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This is a boost from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.17. This represents a $0.80 dividend on an annualized basis and a yield of 0.49%. Westinghouse Air Brake Technologies’s dividend payout ratio is currently 15.63%.

Analysts Set New Price Targets

Several equities analysts have issued reports on WAB shares. Stephens lifted their price target on shares of Westinghouse Air Brake Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Jefferies Financial Group raised Westinghouse Air Brake Technologies from a “hold” rating to a “buy” rating and upped their target price for the company from $115.00 to $150.00 in a research report on Thursday, January 11th. Redburn Atlantic downgraded Westinghouse Air Brake Technologies from a “buy” rating to a “neutral” rating and set a $135.00 price target for the company. in a report on Thursday, February 15th. KeyCorp boosted their price target on Westinghouse Air Brake Technologies from $155.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Finally, Wells Fargo & Company increased their price objective on shares of Westinghouse Air Brake Technologies from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $156.18.

Hedge Funds Weigh In On Westinghouse Air Brake Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. iA Global Asset Management Inc. purchased a new stake in Westinghouse Air Brake Technologies during the 3rd quarter worth approximately $1,915,000. First Hawaiian Bank grew its stake in Westinghouse Air Brake Technologies by 49.1% during the 4th quarter. First Hawaiian Bank now owns 3,542 shares of the transportation company’s stock valued at $449,000 after acquiring an additional 1,167 shares in the last quarter. Handelsinvest Investeringsforvaltning purchased a new stake in Westinghouse Air Brake Technologies during the 4th quarter valued at about $1,030,000. Watchman Group Inc. raised its holdings in Westinghouse Air Brake Technologies by 0.9% in the 3rd quarter. Watchman Group Inc. now owns 28,921 shares of the transportation company’s stock valued at $3,073,000 after acquiring an additional 269 shares during the last quarter. Finally, Applied Finance Capital Management LLC lifted its stake in Westinghouse Air Brake Technologies by 5.7% in the 3rd quarter. Applied Finance Capital Management LLC now owns 145,099 shares of the transportation company’s stock worth $15,420,000 after purchasing an additional 7,785 shares in the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

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.