Westinghouse Air Brake Technologies Co. (NYSE:WAB) CAO John A. Mastalerz, Jr. Sells 3,749 Shares of Stock

Westinghouse Air Brake Technologies Co. (NYSE:WAB) CAO John A. Mastalerz, Jr. sold 3,749 shares of the firm’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $162.70, for a total transaction of $609,962.30. Following the sale, the chief accounting officer now directly owns 8,479 shares in the company, valued at approximately $1,379,533.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Westinghouse Air Brake Technologies Price Performance

Shares of NYSE:WAB opened at $163.24 on Tuesday. The firm has a market cap of $28.79 billion, a price-to-earnings ratio of 31.88, a P/E/G ratio of 1.45 and a beta of 1.40. The firm has a fifty day moving average price of $144.96 and a 200 day moving average price of $129.30. Westinghouse Air Brake Technologies Co. has a fifty-two week low of $91.89 and a fifty-two week high of $167.49. 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) last released its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.89 EPS 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 net margin of 9.20% and a return on equity of 11.25%. The business’s revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.28 EPS. As a group, sell-side analysts expect that Westinghouse Air Brake Technologies Co. will post 7.34 earnings per share for the current fiscal year.

Westinghouse Air Brake Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.49%. The ex-dividend date was Thursday, February 22nd. This is a boost from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.17. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is currently 15.63%.

Institutional Trading of Westinghouse Air Brake Technologies

Several hedge funds have recently modified their holdings of WAB. Applied Finance Capital Management LLC increased its position in Westinghouse Air Brake Technologies by 9.8% in the fourth quarter. Applied Finance Capital Management LLC now owns 159,384 shares of the transportation company’s stock worth $20,226,000 after purchasing an additional 14,285 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Westinghouse Air Brake Technologies by 7.7% in the 4th quarter. BNP Paribas Financial Markets now owns 81,916 shares of the transportation company’s stock worth $10,395,000 after buying an additional 5,859 shares during the last quarter. Watchman Group Inc. raised its position in shares of Westinghouse Air Brake Technologies by 0.9% during the 3rd 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 in the last quarter. iA Global Asset Management Inc. bought a new position in shares of Westinghouse Air Brake Technologies in the 3rd quarter valued at about $1,915,000. Finally, Handelsinvest Investeringsforvaltning purchased a new position in Westinghouse Air Brake Technologies in the fourth quarter worth about $1,030,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on WAB. Redburn Atlantic downgraded shares of Westinghouse Air Brake Technologies from a “buy” rating to a “neutral” rating and set a $135.00 price objective on the stock. in a research report on Thursday, February 15th. The Goldman Sachs Group raised their price target on 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. KeyCorp upped their price objective on 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 raised their target price 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. Finally, Wells Fargo & Company upped their price target 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 investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.