Lilian Leroux Sells 7,500 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) Stock

Westinghouse Air Brake Technologies Co. (NYSE:WAB) EVP Lilian Leroux sold 7,500 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $192.19, for a total value of $1,441,425.00. Following the transaction, the executive vice president now owns 13,755 shares of the company’s stock, valued at approximately $2,643,573.45. This trade represents a 35.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Westinghouse Air Brake Technologies Trading Up 0.3 %

NYSE:WAB opened at $189.77 on Thursday. Westinghouse Air Brake Technologies Co. has a 12-month low of $147.66 and a 12-month high of $210.88. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.69. The business has a 50 day simple moving average of $178.83 and a 200 day simple moving average of $190.30. The firm has a market capitalization of $32.48 billion, a P/E ratio of 31.47, a P/E/G ratio of 1.50 and a beta of 1.12.

Westinghouse Air Brake Technologies (NYSE:WAB) last released its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.25. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.61 billion. Westinghouse Air Brake Technologies had a net margin of 10.17% and a return on equity of 12.78%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.89 EPS. Equities research analysts predict that Westinghouse Air Brake Technologies Co. will post 8.54 EPS for the current year.

Westinghouse Air Brake Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.53%. This is a positive change from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, February 21st. Westinghouse Air Brake Technologies’s dividend payout ratio is 15.67%.

Analysts Set New Price Targets

WAB has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Westinghouse Air Brake Technologies from $175.00 to $194.00 and gave the company a “neutral” rating in a research note on Thursday, April 24th. Bank of America lifted their price target on Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Susquehanna cut their price objective on Westinghouse Air Brake Technologies from $218.00 to $210.00 and set a “positive” rating on the stock in a research note on Thursday, April 24th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $201.00 price target (up from $175.00) on shares of Westinghouse Air Brake Technologies in a report on Wednesday, April 23rd. Finally, Stephens restated an “overweight” rating and set a $220.00 price objective on shares of Westinghouse Air Brake Technologies in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $211.83.

Institutional Trading of Westinghouse Air Brake Technologies

Several hedge funds have recently added to or reduced their stakes in WAB. Putney Financial Group LLC acquired a new position in shares of Westinghouse Air Brake Technologies during the fourth quarter valued at $52,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of 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 worth $114,000 after acquiring an additional 56 shares during the period. Dorsey & Whitney Trust CO LLC bought a new position in shares of Westinghouse Air Brake Technologies in the fourth quarter valued at approximately $204,000. GF Fund Management CO. LTD. acquired a new position in shares of Westinghouse Air Brake Technologies during the fourth quarter valued at approximately $205,000. Finally, Longboard Asset Management LP bought a new stake in Westinghouse Air Brake Technologies during the fourth quarter worth approximately $252,000. Institutional investors 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.