Westinghouse Air Brake Technologies Co. (NYSE:WAB) Director Albert J. Neupaver Sells 35,722 Shares

Westinghouse Air Brake Technologies Co. (NYSE:WAB) Director Albert J. Neupaver sold 35,722 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $188.70, for a total transaction of $6,740,741.40. Following the sale, the director now directly owns 614,447 shares in the company, valued at approximately $115,946,148.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Westinghouse Air Brake Technologies Stock Down 0.6 %

WAB stock opened at $186.84 on Monday. The firm has a market cap of $32.12 billion, a PE ratio of 31.14, a PEG ratio of 1.46 and a beta of 1.27. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.65 and a current ratio of 1.30. The firm’s 50 day moving average price is $178.60 and its 200-day moving average price is $167.43. Westinghouse Air Brake Technologies Co. has a one year low of $107.24 and a one year high of $192.48.

Westinghouse Air Brake Technologies (NYSE:WAB) last released its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.87 by $0.13. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.68 billion. Westinghouse Air Brake Technologies had a net margin of 10.25% and a return on equity of 12.52%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.70 EPS. On average, equities research analysts anticipate that Westinghouse Air Brake Technologies Co. will post 7.58 EPS for the current year.

Westinghouse Air Brake Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Wednesday, November 13th. Westinghouse Air Brake Technologies’s payout ratio is presently 13.33%.

Institutional Trading of Westinghouse Air Brake Technologies

Several institutional investors have recently added to or reduced their stakes in the stock. Bridges Investment Management Inc. increased its holdings in Westinghouse Air Brake Technologies by 3.4% in the 3rd quarter. Bridges Investment Management Inc. now owns 2,357 shares of the transportation company’s stock valued at $428,000 after purchasing an additional 77 shares during the last quarter. Forsta AP Fonden grew its stake in shares of Westinghouse Air Brake Technologies by 4.3% during the third quarter. Forsta AP Fonden now owns 50,600 shares of the transportation company’s stock worth $9,198,000 after purchasing an additional 2,100 shares in the last quarter. Eastern Bank acquired a new position in shares of Westinghouse Air Brake Technologies during the third quarter worth $33,000. Border to Coast Pensions Partnership Ltd lifted its position in Westinghouse Air Brake Technologies by 4.5% in the third quarter. Border to Coast Pensions Partnership Ltd now owns 201,011 shares of the transportation company’s stock valued at $36,431,000 after acquiring an additional 8,575 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its position in Westinghouse Air Brake Technologies by 22.7% in the third quarter. V Square Quantitative Management LLC now owns 2,461 shares of the transportation company’s stock valued at $447,000 after acquiring an additional 455 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on WAB shares. The Goldman Sachs Group lifted their price objective on Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Stephens raised their target price on shares of Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Susquehanna raised their target price on shares of Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the stock a “positive” rating in a research note on Monday, October 21st. Finally, Bank of America raised their target price on shares of Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $171.80.

About Westinghouse Air Brake Technologies

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.