Insider Selling: Westinghouse Air Brake Technologies Co. (NYSE:WAB) CEO Sells $163,972.02 in Stock

Westinghouse Air Brake Technologies Co. (NYSE:WAB) CEO Rafael Santana sold 886 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $185.07, for a total value of $163,972.02. Following the completion of the transaction, the chief executive officer now directly owns 201,558 shares of the company’s stock, valued at approximately $37,302,339.06. This represents a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 stock was sold at an average price of $182.34, for a total transaction of $161,553.24.

Westinghouse Air Brake Technologies Price Performance

WAB stock opened at $160.91 on Friday. Westinghouse Air Brake Technologies Co. has a 52-week low of $143.22 and a 52-week high of $210.88. The company has a quick ratio of 0.69, a current ratio of 1.30 and a debt-to-equity ratio of 0.34. The stock has a market cap of $27.49 billion, a price-to-earnings ratio of 26.69, a price-to-earnings-growth ratio of 1.50 and a beta of 1.14. The business has a fifty day moving average of $188.71 and a two-hundred day moving average of $191.49.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its quarterly earnings data on Wednesday, February 12th. The transportation company reported $1.68 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, research analysts anticipate that Westinghouse Air Brake Technologies Co. will post 8.54 earnings per share for the current year.

Westinghouse Air Brake Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were given 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 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Friday, February 21st. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is currently 16.58%.

Analyst Ratings Changes

A number of research firms recently weighed in on WAB. StockNews.com lowered shares of Westinghouse Air Brake Technologies from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Stephens restated an “overweight” rating and set a $220.00 target price on shares of Westinghouse Air Brake Technologies in a 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 company a “buy” rating in a report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $206.33.

Institutional Trading of Westinghouse Air Brake Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. iA Global Asset Management Inc. grew its stake in shares of Westinghouse Air Brake Technologies by 21.5% in the third quarter. iA Global Asset Management Inc. now owns 18,613 shares of the transportation company’s stock worth $3,383,000 after acquiring an additional 3,288 shares in the last quarter. Longboard Asset Management LP purchased a new position in shares of Westinghouse Air Brake Technologies in the 4th quarter valued at $252,000. Pacer Advisors Inc. grew its holdings in shares of Westinghouse Air Brake Technologies by 88.8% during the fourth quarter. Pacer Advisors Inc. now owns 31,811 shares of the transportation company’s stock worth $6,031,000 after purchasing an additional 14,959 shares during the last quarter. Longbow Finance SA purchased a new position in Westinghouse Air Brake Technologies during the 4th quarter worth approximately $4,312,000. Finally, Lord Abbett & CO. LLC purchased a new position in shares of Westinghouse Air Brake Technologies during the third quarter worth approximately $24,630,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

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.