Albert J. Neupaver Sells 29,100 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) Stock

Westinghouse Air Brake Technologies Co. (NYSE:WAB) Director Albert J. Neupaver sold 29,100 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $161.63, for a total transaction of $4,703,433.00. Following the completion of the sale, the director now directly owns 595,412 shares of the company’s stock, valued at $96,236,441.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Westinghouse Air Brake Technologies Trading Up 0.2 %

Shares of WAB stock opened at $162.21 on Friday. The stock has a market cap of $28.61 billion, a price-to-earnings ratio of 31.68, a P/E/G ratio of 1.41 and a beta of 1.36. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.77 and a current ratio of 1.52. The firm has a fifty day moving average of $146.46 and a 200-day moving average of $130.15. Westinghouse Air Brake Technologies Co. has a 52-week low of $91.89 and a 52-week high of $167.49.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.40. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.40 billion. Westinghouse Air Brake Technologies had a net margin of 9.20% and a return on equity of 11.25%. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.28 EPS. On average, equities research analysts forecast that Westinghouse Air Brake Technologies Co. will post 7.34 earnings per share for the current fiscal year.

Westinghouse Air Brake Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend was Thursday, February 22nd. This is a positive change from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.17. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is 15.63%.

Analyst Ratings Changes

A number of analysts have weighed in on WAB shares. Wells Fargo & Company increased their price target on shares of Westinghouse Air Brake Technologies from $135.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Redburn Atlantic downgraded shares of Westinghouse Air Brake Technologies from a “buy” rating to a “neutral” rating and set a $135.00 price target for the company. in a report on Thursday, February 15th. Morgan Stanley started coverage on shares of Westinghouse Air Brake Technologies in a report on Monday, January 8th. They issued an “overweight” rating and a $137.00 price target for the company. Bank of America increased their price target on shares of Westinghouse Air Brake Technologies from $156.00 to $162.00 and gave the company a “buy” rating in a report on Monday, April 15th. Finally, KeyCorp increased their price objective on shares of Westinghouse Air Brake Technologies from $155.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $156.18.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. V Square Quantitative Management LLC bought a new position in Westinghouse Air Brake Technologies during the 3rd quarter worth approximately $204,000. Greenleaf Trust raised its holdings in shares of Westinghouse Air Brake Technologies by 4.3% in the first quarter. Greenleaf Trust now owns 3,201 shares of the transportation company’s stock valued at $466,000 after purchasing an additional 133 shares during the last quarter. First Hawaiian Bank raised its holdings in shares of Westinghouse Air Brake Technologies by 49.1% in the fourth quarter. First Hawaiian Bank now owns 3,542 shares of the transportation company’s stock valued at $449,000 after purchasing an additional 1,167 shares during the last quarter. Industrial Alliance Investment Management Inc. acquired a new stake in shares of Westinghouse Air Brake Technologies in the third quarter valued at approximately $498,000. Finally, Handelsinvest Investeringsforvaltning acquired a new stake in shares of Westinghouse Air Brake Technologies in the fourth quarter valued at approximately $1,030,000. Institutional investors own 91.69% of the company’s stock.

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.