John A. Mastalerz, Jr. Sells 2,796 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) Stock

Westinghouse Air Brake Technologies Co. (NYSE:WAB) CAO John A. Mastalerz, Jr. sold 2,796 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $199.71, for a total value of $558,389.16. Following the transaction, the chief accounting officer now directly owns 5,683 shares in the company, valued at $1,134,951.93. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Westinghouse Air Brake Technologies Price Performance

Shares of NYSE WAB traded down $1.68 during midday trading on Thursday, hitting $198.72. 668,891 shares of the company’s stock were exchanged, compared to its average volume of 1,083,274. The business’s fifty day moving average price is $180.33 and its two-hundred day moving average price is $168.47. The company has a market cap of $34.16 billion, a price-to-earnings ratio of 33.40, a PEG ratio of 1.47 and a beta of 1.27. The company has a current ratio of 1.30, a quick ratio of 0.65 and a debt-to-equity ratio of 0.34. Westinghouse Air Brake Technologies Co. has a 12-month low of $108.95 and a 12-month high of $202.18.

Westinghouse Air Brake Technologies (NYSE:WAB) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.13. The company had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.68 billion. Westinghouse Air Brake Technologies had a net margin of 10.25% and a return on equity of 12.52%. Westinghouse Air Brake Technologies’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.70 EPS. As a group, research analysts forecast that Westinghouse Air Brake Technologies Co. will post 7.58 EPS for the current fiscal year.

Westinghouse Air Brake Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend is Wednesday, November 13th. Westinghouse Air Brake Technologies’s payout ratio is 13.33%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of WAB. Pinnacle Bancorp Inc. increased its holdings in Westinghouse Air Brake Technologies by 55.0% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 155 shares of the transportation company’s stock worth $28,000 after buying an additional 55 shares in the last quarter. Eastern Bank bought a new stake in shares of Westinghouse Air Brake Technologies in the third quarter worth approximately $33,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of Westinghouse Air Brake Technologies by 26.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the transportation company’s stock valued at $90,000 after purchasing an additional 118 shares during the last quarter. Dorsey & Whitney Trust CO LLC bought a new position in Westinghouse Air Brake Technologies during the first quarter valued at approximately $204,000. Finally, Bridges Investment Management Inc. bought a new stake in Westinghouse Air Brake Technologies in the 2nd quarter worth approximately $360,000. Hedge funds and other 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.