Rep. Gilbert Ray Cisneros, Jr. Sells Westinghouse Air Brake Technologies Co. (NYSE:WAB) Shares

Representative Gilbert Ray Cisneros, Jr. (D-California) recently sold shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB). In a filing disclosed on February 11th, the Representative disclosed that they had sold between $15,001 and $50,000 in Westinghouse Air Brake Technologies stock on January 13th. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of ICF International NASDAQ: ICFI on 2/3/2025.
• Purchased $15,001 - $50,000 in shares of CACI International NYSE: CACI on 1/31/2025.
• Purchased $50,001 - $100,000 in shares of Hawaiian Electric Industries NYSE: HE on 1/31/2025.
• Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 1/30/2025.
• Purchased $1,001 - $15,000 in shares of Intuitive Surgical NASDAQ: ISRG on 1/30/2025.
• Purchased $1,001 - $15,000 in shares of Agios Pharmaceuticals NASDAQ: AGIO on 1/29/2025.
• Purchased $1,001 - $15,000 in shares of SpringWorks Therapeutics NASDAQ: SWTX on 1/29/2025.
• Purchased $1,001 - $15,000 in shares of Paragon 28 NYSE: FNA on 1/29/2025.
• Purchased $1,001 - $15,000 in shares of U.S. Physical Therapy NYSE: USPH on 1/29/2025.
• Purchased $1,001 - $15,000 in shares of Crinetics Pharmaceuticals NASDAQ: CRNX on 1/29/2025.

Westinghouse Air Brake Technologies Price Performance

NYSE:WAB traded down $8.34 during midday trading on Friday, hitting $188.14. 1,949,399 shares of the stock were exchanged, compared to its average volume of 817,563. Westinghouse Air Brake Technologies Co. has a one year low of $132.77 and a one year high of $210.88. The company has a market capitalization of $32.34 billion, a price-to-earnings ratio of 31.36, a P/E/G ratio of 1.33 and a beta of 1.27. The business has a 50-day moving average price of $198.65 and a two-hundred day moving average price of $186.65. 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 (NYSE:WAB - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The transportation company reported $1.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.06). Westinghouse Air Brake Technologies had a return on equity of 12.52% and a net margin of 10.25%. Sell-side analysts predict that Westinghouse Air Brake Technologies Co. will post 7.6 EPS for the current year.

Westinghouse Air Brake Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be issued a dividend of $0.25 per share. This is a boost from Westinghouse Air Brake Technologies's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.00 annualized dividend and a yield of 0.53%. Westinghouse Air Brake Technologies's payout ratio is presently 13.33%.

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. Twin Capital Management Inc. grew its holdings in shares of Westinghouse Air Brake Technologies by 4.3% during the 4th quarter. Twin Capital Management Inc. now owns 15,832 shares of the transportation company's stock valued at $3,002,000 after acquiring an additional 647 shares in the last quarter. DnB Asset Management AS grew its holdings 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. KLP Kapitalforvaltning AS purchased a new position in shares of Westinghouse Air Brake Technologies during the 4th quarter valued at $22,509,000. Hillsdale Investment Management Inc. grew its holdings in shares of Westinghouse Air Brake Technologies by 3.8% during the 4th quarter. Hillsdale Investment Management Inc. now owns 5,400 shares of the transportation company's stock valued at $1,024,000 after acquiring an additional 200 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd grew its holdings in shares of Westinghouse Air Brake Technologies by 114.7% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 3,907 shares of the transportation company's stock valued at $741,000 after acquiring an additional 2,087 shares in the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WAB has been the topic of several recent research reports. Susquehanna lifted their price target on shares of Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the stock a "positive" rating in a research report on Monday, October 21st. KeyCorp lifted their price target on shares of Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 13th. Bank of America lifted their price target on shares of Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. The Goldman Sachs Group lifted their price target on shares of Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the stock a "neutral" rating in a research report on Thursday, October 24th. Finally, Stephens reiterated an "overweight" rating and set a $220.00 price objective on shares of Westinghouse Air Brake Technologies in a research report on Thursday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $206.33.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.