Westinghouse Air Brake Technologies Co. (NYSE:WAB – Get Free Report) VP David L. Deninno sold 875 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $188.70, for a total value of $165,112.50. Following the completion of the transaction, the vice president now directly owns 55,352 shares in the company, valued at approximately $10,444,922.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Westinghouse Air Brake Technologies Price Performance
Shares of NYSE WAB opened at $186.84 on Friday. The stock’s 50-day moving average is $178.60 and its two-hundred day moving average is $167.28. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.65. Westinghouse Air Brake Technologies Co. has a 1-year low of $107.24 and a 1-year high of $192.48. The company has a market cap of $32.12 billion, a price-to-earnings ratio of 31.14, a price-to-earnings-growth ratio of 1.46 and a beta of 1.27.
Westinghouse Air Brake Technologies (NYSE:WAB – Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.13. Westinghouse Air Brake Technologies had a return on equity of 12.52% and a net margin of 10.25%. The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter in the prior year, the business earned $1.70 EPS. Westinghouse Air Brake Technologies’s revenue was up 4.4% on a year-over-year basis. Analysts forecast that Westinghouse Air Brake Technologies Co. will post 7.58 EPS for the current fiscal year.
Westinghouse Air Brake Technologies Dividend Announcement
Analyst Upgrades and Downgrades
WAB has been the topic of several recent analyst reports. The Goldman Sachs Group upped their price target on Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Stephens upped their price target on Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Bank of America boosted their price objective on Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Finally, Susquehanna boosted their price objective on Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the company a “positive” rating in a report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Westinghouse Air Brake Technologies has an average rating of “Moderate Buy” and a consensus target price of $171.80.
View Our Latest Analysis on Westinghouse Air Brake Technologies
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the business. Bridges Investment Management Inc. increased its holdings in shares of Westinghouse Air Brake Technologies by 3.4% in the 3rd quarter. Bridges Investment Management Inc. now owns 2,357 shares of the transportation company’s stock valued at $428,000 after acquiring an additional 77 shares during the last quarter. Forsta AP Fonden increased its holdings in shares of Westinghouse Air Brake Technologies by 4.3% in the 3rd quarter. Forsta AP Fonden now owns 50,600 shares of the transportation company’s stock valued at $9,198,000 after acquiring an additional 2,100 shares during the last quarter. Eastern Bank purchased a new position in shares of Westinghouse Air Brake Technologies in the 3rd quarter valued at about $33,000. Border to Coast Pensions Partnership Ltd boosted its position in shares of Westinghouse Air Brake Technologies by 4.5% in the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 201,011 shares of the transportation company’s stock valued at $36,431,000 after purchasing an additional 8,575 shares during the period. Finally, V Square Quantitative Management LLC boosted its position in shares of Westinghouse Air Brake Technologies by 22.7% in the 3rd quarter. V Square Quantitative Management LLC now owns 2,461 shares of the transportation company’s stock valued at $447,000 after purchasing an additional 455 shares during the period. 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.
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