Westinghouse Air Brake Technologies Co. (NYSE:WAB - Get Free Report) CEO Rafael Santana sold 886 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $185.07, for a total transaction of $163,972.02. Following the completion of the sale, the chief executive officer now directly owns 201,558 shares in the company, valued at $37,302,339.06. This represents a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Rafael Santana also recently made the following trade(s):
- On Thursday, February 27th, Rafael Santana sold 886 shares of Westinghouse Air Brake Technologies stock. The shares were sold at an average price of $182.34, for a total transaction of $161,553.24.
Westinghouse Air Brake Technologies Stock Performance
Shares of WAB stock opened at $173.57 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.69. The company's fifty day moving average price is $189.67 and its two-hundred day moving average price is $191.43. The firm has a market capitalization of $29.65 billion, a P/E ratio of 28.78, a P/E/G ratio of 1.50 and a beta of 1.31. Westinghouse Air Brake Technologies Co. has a 12 month low of $143.22 and a 12 month high of $210.88.
Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The transportation company reported $1.68 EPS for the quarter, missing analysts' consensus estimates of $1.74 by ($0.06). Westinghouse Air Brake Technologies had a net margin of 10.17% and a return on equity of 12.78%. On average, research analysts anticipate that Westinghouse Air Brake Technologies Co. will post 8.54 earnings per share for the current fiscal year.
Westinghouse Air Brake Technologies Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, February 21st. This is a boost from Westinghouse Air Brake Technologies's previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 0.58%. Westinghouse Air Brake Technologies's dividend payout ratio is currently 16.58%.
Analyst Ratings Changes
A number of brokerages recently weighed in on WAB. Stephens reiterated an "overweight" rating and issued a $220.00 target price on shares of Westinghouse Air Brake Technologies in a report on Thursday, February 13th. StockNews.com downgraded shares of Westinghouse Air Brake Technologies from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Finally, Bank of America lifted their price target on shares of Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $206.33.
Check Out Our Latest Stock Report on Westinghouse Air Brake Technologies
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in WAB. MassMutual Private Wealth & Trust FSB raised its stake in shares of Westinghouse Air Brake Technologies by 9.8% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 630 shares of the transportation company's stock valued at $114,000 after purchasing an additional 56 shares in the last quarter. Greenleaf Trust increased its holdings in Westinghouse Air Brake Technologies by 2.9% in the fourth quarter. Greenleaf Trust now owns 3,344 shares of the transportation company's stock valued at $634,000 after buying an additional 94 shares during the last quarter. Hillsdale Investment Management Inc. raised its stake in Westinghouse Air Brake Technologies by 3.8% during the fourth quarter. Hillsdale Investment Management Inc. now owns 5,400 shares of the transportation company's stock valued at $1,024,000 after buying an additional 200 shares in the last quarter. Putney Financial Group LLC bought a new position in Westinghouse Air Brake Technologies during the 4th quarter worth approximately $52,000. Finally, DnB Asset Management AS lifted its holdings in Westinghouse Air Brake Technologies by 0.9% during the 4th quarter. DnB Asset Management AS now owns 48,101 shares of the transportation company's stock worth $9,119,000 after buying an additional 414 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors.
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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