Westinghouse Air Brake Technologies Co. (NYSE:WAB) Insider Rogerio Mendonca Sells 3,965 Shares

Westinghouse Air Brake Technologies Co. (NYSE:WAB) insider Rogerio Mendonca sold 3,965 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $160.75, for a total transaction of $637,373.75. Following the sale, the insider now owns 12,464 shares in the company, valued at $2,003,588. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Westinghouse Air Brake Technologies Stock Performance

Shares of Westinghouse Air Brake Technologies stock opened at $160.54 on Thursday. The firm has a market capitalization of $28.32 billion, a P/E ratio of 31.38, a P/E/G ratio of 1.44 and a beta of 1.40. Westinghouse Air Brake Technologies Co. has a 52 week low of $91.89 and a 52 week high of $167.49. The firm’s 50 day moving average is $145.49 and its two-hundred day moving average is $129.72. The company has a quick ratio of 0.77, a current ratio of 1.52 and a debt-to-equity ratio of 0.38.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.40. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.40 billion. Westinghouse Air Brake Technologies had a return on equity of 11.25% and a net margin of 9.20%. The company’s revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.28 earnings per share. Research analysts forecast that Westinghouse Air Brake Technologies Co. will post 7.34 EPS for the current fiscal year.

Westinghouse Air Brake Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were issued a $0.20 dividend. This is an increase from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.17. This represents a $0.80 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Thursday, February 22nd. Westinghouse Air Brake Technologies’s dividend payout ratio is presently 15.63%.

Institutional Investors Weigh In On Westinghouse Air Brake Technologies

Several large investors have recently modified their holdings of the company. Greenleaf Trust boosted its holdings in shares of Westinghouse Air Brake Technologies by 4.3% in the first quarter. Greenleaf Trust now owns 3,201 shares of the transportation company’s stock valued at $466,000 after acquiring an additional 133 shares during the period. First Hawaiian Bank lifted its holdings in shares of Westinghouse Air Brake Technologies by 4.4% during the first quarter. First Hawaiian Bank now owns 3,699 shares of the transportation company’s stock worth $539,000 after purchasing an additional 157 shares during the period. Watchman Group Inc. lifted its holdings in shares of Westinghouse Air Brake Technologies by 0.9% during the third quarter. Watchman Group Inc. now owns 28,921 shares of the transportation company’s stock worth $3,073,000 after purchasing an additional 269 shares during the period. V Square Quantitative Management LLC lifted its holdings in shares of Westinghouse Air Brake Technologies by 36.8% during the first quarter. V Square Quantitative Management LLC now owns 2,624 shares of the transportation company’s stock worth $382,000 after purchasing an additional 706 shares during the period. Finally, Industrial Alliance Investment Management Inc. acquired a new stake in shares of Westinghouse Air Brake Technologies during the third quarter worth $498,000. 91.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Jefferies Financial Group upgraded shares of Westinghouse Air Brake Technologies from a “hold” rating to a “buy” rating and boosted their price target for the stock from $115.00 to $150.00 in a research note on Thursday, January 11th. The Goldman Sachs Group upped their target price on shares of Westinghouse Air Brake Technologies from $138.00 to $152.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Redburn Atlantic lowered shares of Westinghouse Air Brake Technologies from a “buy” rating to a “neutral” rating and set a $135.00 target price on the stock. in a research note on Thursday, February 15th. TD Cowen upped their target price on shares of Westinghouse Air Brake Technologies from $130.00 to $147.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. Finally, KeyCorp upped their target price on shares of Westinghouse Air Brake Technologies from $155.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Westinghouse Air Brake Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.18.

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.