Westinghouse Air Brake Technologies Co. (NYSE:WAB) VP David L. Deninno Sells 10,000 Shares

Westinghouse Air Brake Technologies Co. (NYSE:WAB) VP David L. Deninno sold 10,000 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $188.60, for a total value of $1,886,000.00. Following the completion of the transaction, the vice president now owns 55,352 shares in the company, valued at approximately $10,439,387.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Westinghouse Air Brake Technologies Stock Down 0.4 %

Shares of NYSE WAB opened at $190.09 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.65 and a current ratio of 1.30. Westinghouse Air Brake Technologies Co. has a 1 year low of $104.18 and a 1 year high of $192.48. The stock’s 50-day simple moving average is $177.14 and its 200-day simple moving average is $166.68. The firm has a market cap of $32.67 billion, a price-to-earnings ratio of 31.68, a PEG ratio of 1.48 and a beta of 1.27.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same period in the previous year, the business earned $1.70 EPS. Westinghouse Air Brake Technologies’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities analysts anticipate that Westinghouse Air Brake Technologies Co. will post 7.53 earnings per share for the current fiscal 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 issued a $0.20 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $0.80 annualized dividend and a yield of 0.42%. Westinghouse Air Brake Technologies’s dividend payout ratio is presently 13.33%.

Analysts Set New Price Targets

WAB has been the topic of several research reports. The Goldman Sachs Group raised their price target on shares of Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Stephens raised their target price on shares of Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Bank of America upped their price target 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. Finally, Susquehanna raised their price objective on 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. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $171.80.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Pinnacle Bancorp Inc. grew its stake in Westinghouse Air Brake Technologies by 55.0% in 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 in the last quarter. Eastern Bank bought a new position in Westinghouse Air Brake Technologies during the 3rd quarter worth approximately $33,000. Massmutual Trust Co. FSB ADV lifted its holdings in 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 worth $90,000 after buying an additional 118 shares during the last quarter. Dorsey & Whitney Trust CO LLC acquired a new position in shares of Westinghouse Air Brake Technologies in the 1st quarter worth approximately $204,000. Finally, Bridges Investment Management Inc. bought a new stake in shares of Westinghouse Air Brake Technologies in the 2nd quarter valued at approximately $360,000. 91.69% of the stock is owned by institutional investors and hedge funds.

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.