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

Westinghouse Air Brake Technologies Co. (NYSE:WAB) CEO Rafael Santana sold 886 shares of the company’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $185.07, for a total value of $163,972.02. Following the sale, the chief executive officer now owns 201,558 shares of the company’s stock, valued at $37,302,339.06. This trade represents a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Rafael Santana also recently made the following trade(s):

• On Thursday, February 27th, Rafael Santana sold 886 shares of Westinghouse Air Brake Technologies stock. The stock was sold at an average price of $182.34, for a total transaction of $161,553.24.

Westinghouse Air Brake Technologies Price Performance

Shares of WAB opened at $160.91 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.69. The company’s fifty day moving average price is $188.71 and its 200-day moving average price is $191.37. Westinghouse Air Brake Technologies Co. has a 1-year low of $143.22 and a 1-year high of $210.88. The firm has a market capitalization of $27.49 billion, a PE ratio of 26.69, a price-to-earnings-growth ratio of 1.50 and a beta of 1.14.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its quarterly earnings results 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 10.17% and a return on equity of 12.78%. On average, equities research analysts predict that Westinghouse Air Brake Technologies Co. will post 8.54 EPS for the current year.

Westinghouse Air Brake Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were given a dividend of $0.25 per share. The ex-dividend date was Friday, February 21st. This is a positive change from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a yield of 0.62%. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is currently 16.58%.

Analyst Ratings Changes

WAB has been the topic of a number of analyst reports. Bank of America lifted their price objective 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. Stephens reaffirmed an “overweight” rating and set a $220.00 price target on shares of Westinghouse Air Brake Technologies in a research report on Thursday, February 13th. Finally, StockNews.com lowered Westinghouse Air Brake Technologies from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $206.33.

Institutional Trading of Westinghouse Air Brake Technologies

Several large investors have recently made changes to their positions in the business. Putney Financial Group LLC purchased a new position in shares of Westinghouse Air Brake Technologies during the fourth quarter worth $52,000. Garde Capital Inc. acquired a new stake in Westinghouse Air Brake Technologies during the 3rd quarter worth about $110,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Westinghouse Air Brake Technologies by 9.8% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 630 shares of the transportation company’s stock valued at $114,000 after buying an additional 56 shares during the last quarter. Dorsey & Whitney Trust CO LLC acquired a new position in shares of Westinghouse Air Brake Technologies in the 4th quarter valued at about $204,000. Finally, GF Fund Management CO. LTD. purchased a new stake in shares of Westinghouse Air Brake Technologies in the fourth quarter worth about $205,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Westinghouse Air Brake Technologies Company Profile

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.