Westinghouse Air Brake Technologies Co. (NYSE:WAB) CEO Sells $161,553.24 in Stock

Westinghouse Air Brake Technologies Co. (NYSE:WAB) CEO Rafael Santana sold 886 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $182.34, for a total value of $161,553.24. Following the sale, the chief executive officer now directly owns 176,295 shares in the company, valued at $32,145,630.30. This represents a 0.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Westinghouse Air Brake Technologies Trading Up 2.3 %

Shares of WAB stock opened at $185.31 on Friday. The stock’s fifty day moving average price is $196.17 and its two-hundred day moving average price is $188.43. The company has a market cap of $31.66 billion, a PE ratio of 30.73, a P/E/G ratio of 1.50 and a beta of 1.27. Westinghouse Air Brake Technologies Co. has a fifty-two week low of $139.12 and a fifty-two week high of $210.88. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.69 and a current ratio of 1.30.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its earnings results on Wednesday, February 12th. The transportation company reported $1.68 earnings per share 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%. Equities analysts predict that Westinghouse Air Brake Technologies Co. will post 8.54 EPS for the current fiscal year.

Westinghouse Air Brake Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.54%. This is a boost from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, February 21st. Westinghouse Air Brake Technologies’s dividend payout ratio is presently 16.58%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Putney Financial Group LLC bought a new position in shares of Westinghouse Air Brake Technologies in the 4th quarter valued at $52,000. Garde Capital Inc. bought a new position in shares of Westinghouse Air Brake Technologies in the 3rd quarter valued at $110,000. Dorsey & Whitney Trust CO LLC bought a new position in shares of Westinghouse Air Brake Technologies in the 4th quarter valued at $204,000. GF Fund Management CO. LTD. bought a new position in shares of Westinghouse Air Brake Technologies in the 4th quarter valued at $205,000. Finally, Camden National Bank bought a new position in shares of Westinghouse Air Brake Technologies in the 3rd quarter valued at $222,000. 91.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. KeyCorp increased their price target on Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Stephens reissued an “overweight” rating and set a $220.00 price target on shares of Westinghouse Air Brake Technologies in a research report on Thursday, February 13th. Finally, Bank of America increased their price target on Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $206.33.

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.