Westinghouse Air Brake Technologies Co. (NYSE:WAB) VP Sells $165,112.50 in Stock

Westinghouse Air Brake Technologies Co. (NYSE:WAB) VP David L. Deninno sold 875 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $188.70, for a total value of $165,112.50. Following the completion of the sale, the vice president now owns 55,352 shares in the company, valued at approximately $10,444,922.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Westinghouse Air Brake Technologies Stock Down 0.6 %

Shares of NYSE WAB opened at $186.84 on Monday. The company has a current ratio of 1.30, a quick ratio of 0.65 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $32.12 billion, a PE ratio of 31.14, a price-to-earnings-growth ratio of 1.46 and a beta of 1.27. The stock’s fifty day simple moving average is $178.60 and its two-hundred day simple moving average is $167.43. Westinghouse Air Brake Technologies Co. has a 12-month low of $107.24 and a 12-month high of $192.48.

Westinghouse Air Brake Technologies (NYSE:WAB) last announced its earnings results on Wednesday, October 23rd. The transportation company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.13. The business had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.68 billion. Westinghouse Air Brake Technologies had a return on equity of 12.52% and a net margin of 10.25%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.70 EPS. As a group, analysts expect that Westinghouse Air Brake Technologies Co. will post 7.58 EPS for the current fiscal year.

Westinghouse Air Brake Technologies Announces Dividend

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

Analyst Upgrades and Downgrades

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

Institutional Trading of Westinghouse Air Brake Technologies

A number of institutional investors have recently made changes to their positions in the business. Pinnacle Bancorp Inc. boosted its position in shares of Westinghouse Air Brake Technologies by 55.0% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 155 shares of the transportation company’s stock worth $28,000 after purchasing an additional 55 shares in the last quarter. Bridges Investment Management Inc. boosted its position in shares of 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 worth $428,000 after purchasing an additional 77 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its position in shares of Westinghouse Air Brake Technologies by 26.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the transportation company’s stock worth $90,000 after purchasing an additional 118 shares in the last quarter. UMB Bank n.a. raised its stake in Westinghouse Air Brake Technologies by 3.4% in the 2nd quarter. UMB Bank n.a. now owns 4,701 shares of the transportation company’s stock worth $743,000 after acquiring an additional 156 shares during the last quarter. Finally, Eastern Bank purchased a new position in Westinghouse Air Brake Technologies in the 3rd quarter worth $33,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

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.