Westinghouse Air Brake Technologies Co. (NYSE:WAB) VP David L. Deninno Sells 875 Shares of Stock

Westinghouse Air Brake Technologies Co. (NYSE:WAB) 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) 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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a $0.20 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.43%. Westinghouse Air Brake Technologies’s payout ratio is currently 13.33%.

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.

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.