Albert J. Neupaver Sells 29,100 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) Stock

Westinghouse Air Brake Technologies Co. (NYSE:WAB) Director Albert J. Neupaver sold 29,100 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $161.63, for a total transaction of $4,703,433.00. Following the completion of the transaction, the director now directly owns 595,412 shares of the company’s stock, valued at $96,236,441.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Westinghouse Air Brake Technologies Trading Up 0.8 %

WAB traded up $1.31 during mid-day trading on Thursday, hitting $161.85. The stock had a trading volume of 961,911 shares, compared to its average volume of 1,074,926. The stock’s fifty day simple moving average is $145.98 and its 200-day simple moving average is $129.93. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.52 and a quick ratio of 0.77. The firm has a market capitalization of $28.55 billion, a price-to-earnings ratio of 31.36, a price-to-earnings-growth ratio of 1.42 and a beta of 1.36. Westinghouse Air Brake Technologies Co. has a 1-year low of $91.89 and a 1-year high of $167.49.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.40. Westinghouse Air Brake Technologies had a net margin of 9.20% and a return on equity of 11.25%. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the prior year, the firm earned $1.28 earnings per share. The firm’s revenue was up 13.9% compared to the same quarter last year. As a group, 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 firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were given a $0.20 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 0.49%. This is an increase from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.17. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is 15.63%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of WAB. V Square Quantitative Management LLC acquired a new stake in Westinghouse Air Brake Technologies in the 3rd quarter worth about $204,000. Greenleaf Trust increased its holdings in Westinghouse Air Brake Technologies by 4.3% in the 1st quarter. Greenleaf Trust now owns 3,201 shares of the transportation company’s stock valued at $466,000 after buying an additional 133 shares during the period. First Hawaiian Bank increased its holdings in Westinghouse Air Brake Technologies by 49.1% in the 4th quarter. First Hawaiian Bank now owns 3,542 shares of the transportation company’s stock valued at $449,000 after buying an additional 1,167 shares during the period. Industrial Alliance Investment Management Inc. bought a new stake in shares of Westinghouse Air Brake Technologies during the 3rd quarter valued at approximately $498,000. Finally, Handelsinvest Investeringsforvaltning bought a new stake in shares of Westinghouse Air Brake Technologies during the 4th quarter valued at approximately $1,030,000. Institutional investors own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Bank of America raised their target price on shares of Westinghouse Air Brake Technologies from $156.00 to $162.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Susquehanna raised their target price on shares of Westinghouse Air Brake Technologies from $160.00 to $190.00 and gave the stock a “positive” rating in a report on Thursday, April 25th. Stephens raised their target price on shares of Westinghouse Air Brake Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Redburn Atlantic cut shares of Westinghouse Air Brake Technologies from a “buy” rating to a “neutral” rating and set a $135.00 target price for the company. in a report on Thursday, February 15th. Finally, The Goldman Sachs Group raised their price objective 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. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.