Insider Selling: Westinghouse Air Brake Technologies Co. (NYSE:WAB) CEO Sells 886 Shares of Stock

Westinghouse Air Brake Technologies Co. (NYSE:WAB - Get Free Report) CEO Rafael Santana sold 886 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $185.07, for a total transaction of $163,972.02. Following the transaction, the chief executive officer now owns 201,558 shares of the company's stock, valued at $37,302,339.06. This represents a 0.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Rafael Santana also recently made the following trade(s):

• On Thursday, February 27th, Rafael Santana sold 886 shares of Westinghouse Air Brake Technologies stock. The stock was sold at an average price of $182.34, for a total transaction of $161,553.24.

Westinghouse Air Brake Technologies Stock Performance

NYSE:WAB traded down $1.33 during midday trading on Tuesday, reaching $160.09. The stock had a trading volume of 878,551 shares, compared to its average volume of 1,121,122. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.69. Westinghouse Air Brake Technologies Co. has a 1-year low of $143.22 and a 1-year high of $210.88. The firm's fifty day simple moving average is $187.85 and its 200-day simple moving average is $191.49. The stock has a market capitalization of $27.35 billion, a P/E ratio of 26.55, a PEG ratio of 1.50 and a beta of 1.14.

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Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The transportation company reported $1.68 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.06). Westinghouse Air Brake Technologies had a return on equity of 12.78% and a net margin of 10.17%. On average, equities research analysts forecast that Westinghouse Air Brake Technologies Co. will post 8.54 EPS for the current fiscal year.

Westinghouse Air Brake Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend was Friday, February 21st. This is a boost from Westinghouse Air Brake Technologies's previous quarterly dividend of $0.20. Westinghouse Air Brake Technologies's dividend payout ratio (DPR) is presently 16.58%.

Analyst Ratings Changes

WAB has been the subject of a number of research reports. StockNews.com lowered Westinghouse Air Brake Technologies from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Bank of America boosted their price objective on shares of Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. Finally, Stephens reiterated an "overweight" rating and issued a $220.00 target price on shares of Westinghouse Air Brake Technologies in a research report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $206.33.

Hedge Funds Weigh In On Westinghouse Air Brake Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in WAB. Lord Abbett & CO. LLC bought a new stake in shares of Westinghouse Air Brake Technologies during the third quarter valued at approximately $24,630,000. KLP Kapitalforvaltning AS acquired a new position in shares of Westinghouse Air Brake Technologies in the 4th quarter valued at $22,509,000. AGF Management Ltd. bought a new position in shares of Westinghouse Air Brake Technologies during the 4th quarter worth about $10,566,000. DnB Asset Management AS boosted its position in shares of Westinghouse Air Brake Technologies by 0.9% during the 4th quarter. DnB Asset Management AS now owns 48,101 shares of the transportation company's stock valued at $9,119,000 after acquiring an additional 414 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake 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 valued at $6,031,000 after acquiring an additional 14,959 shares during the period. 91.69% of the stock is currently owned by institutional investors.

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.