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 business’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $192.19, for a total transaction of $1,441,425.00. Following the transaction, the executive vice president now directly owns 13,755 shares in the company, valued at $2,643,573.45. This trade represents a 35.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Westinghouse Air Brake Technologies Price Performance

Shares of WAB stock opened at $189.45 on Wednesday. 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 stock’s fifty day simple moving average is $178.74 and its 200 day simple moving average is $190.30. Westinghouse Air Brake Technologies Co. has a one year low of $147.66 and a one year high of $210.88. The firm has a market cap of $32.42 billion, a price-to-earnings ratio of 31.42, a P/E/G ratio of 1.50 and a beta of 1.12.

Westinghouse Air Brake Technologies (NYSE:WAB) last announced its earnings results on Wednesday, April 23rd. The transportation company reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.25. The business had revenue of $2.61 billion during 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 firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the company posted $1.89 EPS. On average, analysts expect 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. The ex-dividend date of this dividend was Friday, February 21st. 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. Westinghouse Air Brake Technologies’s dividend payout ratio is currently 15.67%.

Hedge Funds Weigh In On Westinghouse Air Brake Technologies

A number of large investors have recently modified their holdings of the stock. Longboard Asset Management LP acquired a new stake in shares of Westinghouse Air Brake Technologies in the 4th quarter valued at $252,000. Pacer Advisors Inc. increased its position in Westinghouse Air Brake Technologies by 88.8% in 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 period. AGF Management Ltd. bought a new stake in Westinghouse Air Brake Technologies during the 4th quarter worth about $10,566,000. Longbow Finance SA acquired a new position in Westinghouse Air Brake Technologies during the 4th quarter valued at about $4,312,000. Finally, Harvest Fund Management Co. Ltd boosted its stake in shares of Westinghouse Air Brake Technologies by 114.7% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 3,907 shares of the transportation company’s stock valued at $741,000 after purchasing an additional 2,087 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on WAB. Bank of America boosted their price objective on shares of Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $201.00 price target (up previously from $175.00) on shares of Westinghouse Air Brake Technologies in a report on Wednesday, April 23rd. JPMorgan Chase & Co. lifted their price objective on Westinghouse Air Brake Technologies from $175.00 to $194.00 and gave the stock a “neutral” rating in a report on Thursday, April 24th. Stephens restated an “overweight” rating and issued a $220.00 target price on shares of Westinghouse Air Brake Technologies in a research note on Thursday, February 13th. Finally, StockNews.com upgraded shares of Westinghouse Air Brake Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Westinghouse Air Brake Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $211.83.

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.