Albert J. Neupaver Sells 35,722 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) Stock

Westinghouse Air Brake Technologies Co. (NYSE:WAB) Director Albert J. Neupaver sold 35,722 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $188.70, for a total transaction of $6,740,741.40. Following the sale, the director now directly owns 614,447 shares of the company’s stock, valued at $115,946,148.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Westinghouse Air Brake Technologies Stock Down 0.0 %

WAB stock traded down $0.04 during trading on Friday, reaching $187.94. The stock had a trading volume of 363,533 shares, compared to its average volume of 1,082,804. The firm has a fifty day moving average price of $177.70 and a 200 day moving average price of $166.84. The company has a current ratio of 1.30, a quick ratio of 0.65 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $32.31 billion, a P/E ratio of 31.34, a PEG ratio of 1.47 and a beta of 1.27. Westinghouse Air Brake Technologies Co. has a 1-year low of $107.24 and a 1-year high of $192.48.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.13. Westinghouse Air Brake Technologies had a return on equity of 12.52% and a net margin of 10.25%. The firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.68 billion. During the same quarter last year, the firm earned $1.70 EPS. Westinghouse Air Brake Technologies’s quarterly revenue was up 4.4% on a year-over-year basis. On average, equities analysts anticipate that Westinghouse Air Brake Technologies Co. will post 7.58 earnings per share for the current year.

Westinghouse Air Brake Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a $0.20 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.43%. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is presently 13.33%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in WAB. Pinnacle Bancorp Inc. lifted its stake in Westinghouse Air Brake Technologies by 55.0% during the third quarter. Pinnacle Bancorp Inc. now owns 155 shares of the transportation company’s stock worth $28,000 after purchasing an additional 55 shares during the last quarter. Eastern Bank acquired a new position in shares of Westinghouse Air Brake Technologies in the 3rd quarter valued at about $33,000. Massmutual Trust Co. FSB ADV grew its position in shares of Westinghouse Air Brake Technologies by 26.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the transportation company’s stock valued at $90,000 after buying an additional 118 shares during the last quarter. Dorsey & Whitney Trust CO LLC acquired a new stake in Westinghouse Air Brake Technologies during the first quarter worth about $204,000. Finally, Bridges Investment Management Inc. bought a new position in Westinghouse Air Brake Technologies in the second quarter worth about $360,000. 91.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group boosted their price target on Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Bank of America increased their target price on shares of Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Susquehanna lifted their price target on shares of Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the company a “positive” rating in a research report on Monday, October 21st. Finally, Stephens increased their price objective on shares of Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Westinghouse Air Brake Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $171.80.

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.