Westinghouse Air Brake Technologies Co. (NYSE:WAB - Get Free Report) Director Albert J. Neupaver sold 29,100 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $161.63, for a total transaction of $4,703,433.00. Following the completion of the sale, the director now owns 595,412 shares in the company, valued at $96,236,441.56. The transaction was disclosed in a filing with the SEC, which is available through this link.
Westinghouse Air Brake Technologies Price Performance
WAB stock opened at $161.85 on Friday. Westinghouse Air Brake Technologies Co. has a 52 week low of $91.89 and a 52 week high of $167.49. The firm has a market cap of $28.55 billion, a P/E ratio of 31.61, a P/E/G ratio of 1.41 and a beta of 1.36. The firm's fifty day moving average is $145.98 and its 200 day moving average is $129.93. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.77 and a current ratio of 1.52.
Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last issued its quarterly earnings results 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 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 analysts' expectations of $2.40 billion. During the same period last year, the company posted $1.28 EPS. Westinghouse Air Brake Technologies's revenue was up 13.9% on a year-over-year basis. Research analysts predict that Westinghouse Air Brake Technologies Co. will post 7.34 earnings per share for the current year.
Westinghouse Air Brake Technologies Increases Dividend
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The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This is a boost from Westinghouse Air Brake Technologies's previous quarterly dividend of $0.17. This represents a $0.80 annualized dividend and a yield of 0.49%. Westinghouse Air Brake Technologies's payout ratio is 15.63%.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on WAB shares. Stephens raised their price objective on shares of Westinghouse Air Brake Technologies from $165.00 to $180.00 and gave the company an "overweight" rating in a research report on Thursday, April 25th. Susquehanna raised their price objective 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. Morgan Stanley started coverage on shares of Westinghouse Air Brake Technologies in a research report on Monday, January 8th. They set an "overweight" rating and a $137.00 price objective on the stock. Jefferies Financial Group upgraded shares of Westinghouse Air Brake Technologies from a "hold" rating to a "buy" rating and raised their price objective for the company from $115.00 to $150.00 in a research report on Thursday, January 11th. Finally, Wells Fargo & Company raised their price objective on shares of Westinghouse Air Brake Technologies from $135.00 to $150.00 and gave the company an "overweight" rating in a research report on Thursday, February 15th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $156.18.
Check Out Our Latest Report on WAB
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. iA Global Asset Management Inc. purchased a new position in Westinghouse Air Brake Technologies in the third quarter worth about $1,915,000. First Hawaiian Bank raised its holdings in Westinghouse Air Brake Technologies by 49.1% in the fourth quarter. First Hawaiian Bank now owns 3,542 shares of the transportation company's stock worth $449,000 after buying an additional 1,167 shares during the last quarter. Handelsinvest Investeringsforvaltning purchased a new position in Westinghouse Air Brake Technologies in the fourth quarter worth about $1,030,000. Watchman Group Inc. raised its holdings in Westinghouse Air Brake Technologies by 0.9% in the third quarter. Watchman Group Inc. now owns 28,921 shares of the transportation company's stock worth $3,073,000 after buying an additional 269 shares during the last quarter. Finally, Applied Finance Capital Management LLC raised its holdings in Westinghouse Air Brake Technologies by 5.7% in the third quarter. Applied Finance Capital Management LLC now owns 145,099 shares of the transportation company's stock worth $15,420,000 after buying an additional 7,785 shares during the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.
Westinghouse Air Brake Technologies Company Profile
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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.
Further Reading
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