Rafael Santana Sells 68,833 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) Stock

Westinghouse Air Brake Technologies Co. (NYSE:WAB) CEO Rafael Santana sold 68,833 shares of the stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $191.70, for a total transaction of $13,195,286.10. Following the completion of the sale, the chief executive officer now owns 145,616 shares of the company’s stock, valued at approximately $27,914,587.20. This represents a 32.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, April 2nd, Rafael Santana sold 886 shares of Westinghouse Air Brake Technologies stock. The shares were sold at an average price of $185.07, for a total value of $163,972.02.
• 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 Trading Down 0.1 %

Shares of WAB traded down $0.22 during trading hours on Tuesday, hitting $190.57. The company had a trading volume of 82,879 shares, compared to its average volume of 1,113,554. Westinghouse Air Brake Technologies Co. has a 52-week low of $147.66 and a 52-week high of $210.88. The company has a quick ratio of 0.69, a current ratio of 1.30 and a debt-to-equity ratio of 0.34. The stock’s 50 day moving average price is $178.58 and its 200 day moving average price is $190.31. The firm has a market cap of $32.61 billion, a P/E ratio of 31.61, a P/E/G ratio of 1.50 and a beta of 1.12.

Westinghouse Air Brake Technologies (NYSE:WAB) last released its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.25. The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.61 billion. Westinghouse Air Brake Technologies had a return on equity of 12.78% and a net margin of 10.17%. The business’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $1.89 EPS. On average, 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 business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were issued a $0.25 dividend. 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 annualized dividend and a yield of 0.52%. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is 15.67%.

Analyst Ratings Changes

WAB has been the subject of several research reports. StockNews.com lowered Westinghouse Air Brake Technologies from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. JPMorgan Chase & Co. upped their price objective on shares of Westinghouse Air Brake Technologies from $175.00 to $194.00 and gave the company a “neutral” rating in a report on Thursday, April 24th. Stephens reissued an “overweight” rating and issued a $220.00 price target on shares of Westinghouse Air Brake Technologies in a research report on Thursday, February 13th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $201.00 price objective (up from $175.00) on shares of Westinghouse Air Brake Technologies in a report on Wednesday, April 23rd. Finally, Susquehanna dropped their target price on Westinghouse Air Brake Technologies from $218.00 to $210.00 and set a “positive” rating on the stock in a research report on Thursday, April 24th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Westinghouse Air Brake Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $211.83.

Institutional Trading of Westinghouse Air Brake Technologies

A number of hedge funds have recently modified their holdings of the business. Putney Financial Group LLC bought a new position in Westinghouse Air Brake Technologies during the 4th quarter valued at approximately $52,000. MassMutual Private Wealth & Trust FSB boosted its stake in 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 purchasing an additional 56 shares during the last quarter. Dorsey & Whitney Trust CO LLC bought a new position in shares of Westinghouse Air Brake Technologies during the fourth quarter valued at $204,000. GF Fund Management CO. LTD. purchased a new stake in shares of Westinghouse Air Brake Technologies during the fourth quarter valued at $205,000. Finally, Longboard Asset Management LP purchased a new position in Westinghouse Air Brake Technologies in the 4th quarter worth about $252,000. 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.