Westinghouse Air Brake Technologies Co. (NYSE:WAB - Get Free Report) EVP Gregory Sbrocco sold 1,646 shares of Westinghouse Air Brake Technologies stock in a transaction on Friday, May 10th. The stock was sold at an average price of $167.30, for a total value of $275,375.80. Following the transaction, the executive vice president now owns 16,666 shares in the company, valued at approximately $2,788,221.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Westinghouse Air Brake Technologies Price Performance
Westinghouse Air Brake Technologies stock opened at $164.90 on Tuesday. The company's 50 day moving average is $150.01 and its two-hundred day moving average is $133.65. The firm has a market cap of $29.09 billion, a PE ratio of 32.21, a price-to-earnings-growth ratio of 1.48 and a beta of 1.36. 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 Co. has a 52-week low of $91.89 and a 52-week high of $168.58.
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 the consensus estimate 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 last year, the firm earned $1.28 earnings per share. The company's revenue for the quarter was up 13.9% compared to the same quarter last year. On average, research analysts expect that Westinghouse Air Brake Technologies Co. will post 7.34 EPS for the current fiscal year.
Westinghouse Air Brake Technologies Increases Dividend
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The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This is an increase from Westinghouse Air Brake Technologies's previous quarterly dividend of $0.17. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.49%. Westinghouse Air Brake Technologies's payout ratio is currently 15.63%.
Institutional Trading of Westinghouse Air Brake Technologies
Several hedge funds have recently added to or reduced their stakes in the company. Applied Finance Capital Management LLC increased its position in shares of Westinghouse Air Brake Technologies by 5.7% in the 3rd quarter. Applied Finance Capital Management LLC now owns 145,099 shares of the transportation company's stock valued at $15,420,000 after purchasing an additional 7,785 shares during the last quarter. Watchman Group Inc. increased 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 valued at $3,073,000 after buying an additional 269 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in Westinghouse Air Brake Technologies in the third quarter valued at $204,000. Industrial Alliance Investment Management Inc. purchased a new stake in Westinghouse Air Brake Technologies during the 3rd quarter worth about $498,000. Finally, iA Global Asset Management Inc. acquired a new position in shares of Westinghouse Air Brake Technologies during the 3rd quarter worth about $1,915,000. Institutional investors and hedge funds own 91.69% of the company's stock.
Wall Street Analysts Forecast Growth
WAB has been the topic of a number of analyst reports. Redburn Atlantic downgraded 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. KeyCorp lifted their price target on shares of Westinghouse Air Brake Technologies from $155.00 to $185.00 and gave the company an "overweight" rating in a research report on Thursday, April 25th. TD Cowen increased their price objective on Westinghouse Air Brake Technologies from $130.00 to $147.00 and gave the stock a "hold" rating in a research report on Thursday, April 25th. Susquehanna lifted their target price on 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. Finally, Bank of America increased their price target on Westinghouse Air Brake Technologies from $156.00 to $162.00 and gave the stock a "buy" rating in a report on Monday, April 15th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $156.18.
View Our Latest Stock Analysis on Westinghouse Air Brake Technologies
About Westinghouse Air Brake Technologies
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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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