Westinghouse Air Brake Technologies Co. (NYSE:WAB - Get Free Report) VP David L. Deninno sold 875 shares of Westinghouse Air Brake Technologies stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $188.70, for a total transaction of $165,112.50. Following the transaction, the vice president now owns 55,352 shares of the company's stock, valued at $10,444,922.40. The trade was a 0.00 % 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 Stock Performance
Shares of WAB traded down $1.14 during trading hours on Friday, hitting $186.84. The stock had a trading volume of 681,243 shares, compared to its average volume of 1,084,727. The firm has a market capitalization of $32.12 billion, a PE ratio of 31.14, a PEG ratio of 1.47 and a beta of 1.27. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.65. Westinghouse Air Brake Technologies Co. has a 12 month low of $107.24 and a 12 month high of $192.48. The stock has a fifty day moving average price of $178.60 and a 200 day moving average price of $167.28.
Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $2.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.87 by $0.13. The business had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.68 billion. Westinghouse Air Brake Technologies had a return on equity of 12.52% and a net margin of 10.25%. The business's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.70 EPS. Analysts anticipate that Westinghouse Air Brake Technologies Co. will post 7.58 EPS for the current year.
Westinghouse Air Brake Technologies Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Wednesday, November 13th. Westinghouse Air Brake Technologies's dividend payout ratio is presently 13.33%.
Wall Street Analyst Weigh In
Several research analysts have issued reports on WAB shares. Bank of America lifted 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 report on Monday, July 22nd. Stephens boosted 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 report on Thursday, October 24th. The Goldman Sachs Group increased their target price on Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the company a "neutral" rating in a research note on Thursday, October 24th. Finally, Susquehanna lifted their target price on Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the stock a "positive" rating in a report on Monday, October 21st. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $171.80.
Read Our Latest Analysis on WAB
Institutional Investors Weigh In On Westinghouse Air Brake Technologies
Hedge funds have recently modified their holdings of the business. Bridges Investment Management Inc. lifted its position in Westinghouse Air Brake Technologies by 3.4% during the third quarter. Bridges Investment Management Inc. now owns 2,357 shares of the transportation company's stock valued at $428,000 after purchasing an additional 77 shares in the last quarter. Forsta AP Fonden raised its position in shares of Westinghouse Air Brake Technologies by 4.3% during the 3rd quarter. Forsta AP Fonden now owns 50,600 shares of the transportation company's stock valued at $9,198,000 after purchasing an additional 2,100 shares during the period. Eastern Bank purchased a new position in shares of Westinghouse Air Brake Technologies during the 3rd quarter valued at $33,000. Border to Coast Pensions Partnership Ltd boosted its holdings in Westinghouse Air Brake Technologies by 4.5% in the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 201,011 shares of the transportation company's stock worth $36,431,000 after buying an additional 8,575 shares during the period. Finally, V Square Quantitative Management LLC increased its stake in Westinghouse Air Brake Technologies by 22.7% in the 3rd quarter. V Square Quantitative Management LLC now owns 2,461 shares of the transportation company's stock worth $447,000 after buying an additional 455 shares in the last quarter. Institutional investors own 91.69% of the company's stock.
Westinghouse Air Brake Technologies Company Profile
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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.
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