Westinghouse Air Brake Technologies (NYSE:WAB) Shares Unloaded Rep. Robert Bresnahan, Jr.

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB). In a filing disclosed on February 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Westinghouse Air Brake Technologies stock on January 13th. The trade occurred in the Representative’s “JOINT OWNERSHIP LPL ACCOUNT” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Lowe’s Companies (NYSE:LOW) on 2/7/2025.
• Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 2/3/2025.
• Purchased $1,001 – $15,000 in shares of Take-Two Interactive Software (NASDAQ:TTWO) on 2/3/2025.
• Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 2/3/2025.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 1/30/2025.
• Purchased $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 1/30/2025.
• Purchased $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of Manhattan Associates (NASDAQ:MANH) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 1/29/2025.

Westinghouse Air Brake Technologies Stock Performance

Westinghouse Air Brake Technologies stock opened at $188.14 on Friday. The firm’s fifty day moving average price is $198.65 and its 200-day moving average price is $186.28. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.65 and a current ratio of 1.30. The stock has a market cap of $32.34 billion, a P/E ratio of 31.36, a price-to-earnings-growth ratio of 1.33 and a beta of 1.27. Westinghouse Air Brake Technologies Co. has a fifty-two week low of $132.77 and a fifty-two week high of $210.88.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its quarterly earnings data on Wednesday, February 12th. The transportation company reported $1.68 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.06). Westinghouse Air Brake Technologies had a net margin of 10.25% and a return on equity of 12.52%. On average, equities research analysts expect that Westinghouse Air Brake Technologies Co. will post 7.6 earnings per share for the current fiscal year.

Westinghouse Air Brake Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.53%. This is an increase from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, February 21st. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is presently 13.33%.

Institutional Investors Weigh In On Westinghouse Air Brake Technologies

A number of large investors have recently modified their holdings of WAB. V Square Quantitative Management LLC boosted its stake in shares of Westinghouse Air Brake Technologies by 22.7% during 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 in the last quarter. Border to Coast Pensions Partnership Ltd boosted its stake in Westinghouse Air Brake Technologies by 4.5% during the third quarter. Border to Coast Pensions Partnership Ltd now owns 201,011 shares of the transportation company’s stock worth $36,431,000 after acquiring an additional 8,575 shares in the last quarter. Eastern Bank bought a new stake in Westinghouse Air Brake Technologies during the third quarter worth about $33,000. Forsta AP Fonden boosted its stake in Westinghouse Air Brake Technologies by 4.3% during the third quarter. Forsta AP Fonden now owns 50,600 shares of the transportation company’s stock worth $9,198,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Bridges Investment Management Inc. boosted its stake in Westinghouse Air Brake Technologies by 3.4% during the third quarter. Bridges Investment Management Inc. now owns 2,357 shares of the transportation company’s stock worth $428,000 after acquiring an additional 77 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

Analysts Set New Price Targets

WAB has been the topic of several research reports. Susquehanna raised their price objective on shares of Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the company a “positive” rating in a research report on Monday, October 21st. Stephens reiterated an “overweight” rating and issued a $220.00 target price on shares of Westinghouse Air Brake Technologies in a research report on Thursday. The Goldman Sachs Group lifted their target price on shares of Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. KeyCorp lifted their target price on shares of Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Finally, Bank of America lifted their target price 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. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $190.38.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.