Westinghouse Air Brake Technologies Co. (NYSE:WAB - Get Free Report) insider Pascal Schweitzer sold 6,000 shares of Westinghouse Air Brake Technologies stock in a transaction on Monday, April 29th. The shares were sold at an average price of $162.74, for a total transaction of $976,440.00. Following the completion of the sale, the insider now owns 10,633 shares of the company's stock, valued at approximately $1,730,414.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Pascal Schweitzer also recently made the following trade(s):
- On Monday, March 11th, Pascal Schweitzer sold 6,000 shares of Westinghouse Air Brake Technologies stock. The shares were sold at an average price of $140.61, for a total transaction of $843,660.00.
Westinghouse Air Brake Technologies Trading Down 0.3 %
NYSE WAB opened at $160.54 on Thursday. Westinghouse Air Brake Technologies Co. has a one year low of $91.89 and a one year high of $167.49. The business's fifty day moving average is $145.49 and its 200-day moving average is $129.72. The stock has a market capitalization of $28.32 billion, a price-to-earnings ratio of 31.36, a PEG ratio of 1.42 and a beta of 1.36. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.52 and a quick ratio of 0.77.
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Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.49 by $0.40. Westinghouse Air Brake Technologies had a return on equity of 11.25% and a net margin of 9.20%. The business had revenue of $2.50 billion for the quarter, compared to analysts' expectations of $2.40 billion. During the same period in the previous year, the business posted $1.28 EPS. The firm's quarterly revenue was up 13.9% compared to the same quarter last year. Equities research analysts predict that Westinghouse Air Brake Technologies Co. will post 7.34 EPS for the current year.
Westinghouse Air Brake Technologies Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were paid a $0.20 dividend. This is a boost from Westinghouse Air Brake Technologies's previous quarterly dividend of $0.17. This represents a $0.80 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Thursday, February 22nd. Westinghouse Air Brake Technologies's payout ratio is currently 15.63%.
Institutional Investors Weigh In On Westinghouse Air Brake Technologies
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WAB. V Square Quantitative Management LLC bought a new stake in shares of Westinghouse Air Brake Technologies during the third quarter valued at about $204,000. Greenleaf Trust increased its position in shares of Westinghouse Air Brake Technologies by 4.3% during the first 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 position in shares of Westinghouse Air Brake Technologies by 49.1% during the fourth 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 third quarter valued at about $498,000. Finally, Handelsinvest Investeringsforvaltning bought a new stake in shares of Westinghouse Air Brake Technologies during the fourth quarter valued at about $1,030,000. 91.69% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of Westinghouse Air Brake Technologies from $138.00 to $152.00 and gave the company a "neutral" rating in a research report on Tuesday, April 16th. Redburn Atlantic downgraded shares of Westinghouse Air Brake Technologies from a "buy" rating to a "neutral" rating and set a $135.00 price target for the company. in a research report on Thursday, February 15th. Jefferies Financial Group raised shares of Westinghouse Air Brake Technologies from a "hold" rating to a "buy" rating and lifted their price target for the company from $115.00 to $150.00 in a research report on Thursday, January 11th. TD Cowen lifted their price target on shares of Westinghouse Air Brake Technologies from $130.00 to $147.00 and gave the company a "hold" rating in a research report on Thursday, April 25th. Finally, Susquehanna lifted their price target on shares of Westinghouse Air Brake Technologies from $160.00 to $190.00 and gave the company a "positive" rating in a research report on Thursday, April 25th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $156.18.
View Our Latest Stock Analysis on WAB
About Westinghouse Air Brake Technologies
(
Get Free Report)
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.
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