Rafael Santana Sells 886 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) Stock

Westinghouse Air Brake Technologies Co. (NYSE:WAB) CEO Rafael Santana sold 886 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $185.07, for a total value of $163,972.02. Following the sale, the chief executive officer now owns 201,558 shares of the company’s stock, valued at approximately $37,302,339.06. The trade was a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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 value of $161,553.24.

Westinghouse Air Brake Technologies Stock Down 5.1 %

Shares of WAB traded down $9.41 during trading hours on Thursday, reaching $176.50. The stock had a trading volume of 393,061 shares, compared to its average volume of 1,114,307. The firm has a 50-day simple moving average of $190.38 and a 200 day simple moving average of $191.55. Westinghouse Air Brake Technologies Co. has a 12 month low of $143.22 and a 12 month high of $210.88. The company has a current ratio of 1.30, a quick ratio of 0.69 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $30.15 billion, a price-to-earnings ratio of 29.27, a P/E/G ratio of 1.50 and a beta of 1.31.

Westinghouse Air Brake Technologies (NYSE:WAB) last released its quarterly earnings data 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 research analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were issued a dividend of $0.25 per share. This is a positive change from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Friday, February 21st. Westinghouse Air Brake Technologies’s payout ratio is currently 16.58%.

Institutional Trading of Westinghouse Air Brake Technologies

Several institutional investors and hedge funds have recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB raised its position in 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 buying an additional 56 shares during the last quarter. Greenleaf Trust boosted its holdings in Westinghouse Air Brake Technologies by 2.9% during the fourth quarter. Greenleaf Trust now owns 3,344 shares of the transportation company’s stock worth $634,000 after purchasing an additional 94 shares during the last quarter. Hillsdale Investment Management Inc. grew its position in Westinghouse Air Brake Technologies by 3.8% in the 4th quarter. Hillsdale Investment Management Inc. now owns 5,400 shares of the transportation company’s stock worth $1,024,000 after purchasing an additional 200 shares in the last quarter. Putney Financial Group LLC purchased a new stake in Westinghouse Air Brake Technologies in the 4th quarter valued at about $52,000. Finally, DnB Asset Management AS lifted its position in shares of 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 in the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have 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. Bank of America lifted their price objective on shares of Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Finally, StockNews.com lowered shares of Westinghouse Air Brake Technologies from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company 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.