Westinghouse Air Brake Technologies Co. (NYSE:WAB) CEO Rafael Santana Sells 886 Shares

Westinghouse Air Brake Technologies Co. (NYSE:WAB - Get Free Report) CEO Rafael Santana sold 886 shares of Westinghouse Air Brake Technologies stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $182.34, for a total transaction of $161,553.24. Following the sale, the chief executive officer now owns 176,295 shares of the company's stock, valued at approximately $32,145,630.30. This represents a 0.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Westinghouse Air Brake Technologies Trading Down 2.2 %

NYSE WAB traded down $4.05 on Tuesday, hitting $177.60. 1,501,022 shares of the company were exchanged, compared to its average volume of 1,031,790. The company's 50 day moving average price is $195.97 and its 200-day moving average price is $189.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.69. The firm has a market capitalization of $30.34 billion, a P/E ratio of 29.45, a price-to-earnings-growth ratio of 1.50 and a beta of 1.27. Westinghouse Air Brake Technologies Co. has a twelve month low of $139.12 and a twelve month high of $210.88.

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

Westinghouse Air Brake Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.25 per share. This is a positive change from Westinghouse Air Brake Technologies's previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 0.56%. The ex-dividend date is Friday, February 21st. Westinghouse Air Brake Technologies's dividend payout ratio is currently 16.58%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Erste Asset Management GmbH bought a new position in Westinghouse Air Brake Technologies in the third quarter valued at about $61,474,000. BNP Paribas Financial Markets boosted its holdings in Westinghouse Air Brake Technologies by 5.2% in the third quarter. BNP Paribas Financial Markets now owns 278,729 shares of the transportation company's stock valued at $50,665,000 after acquiring an additional 13,683 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in Westinghouse Air Brake Technologies in the third quarter valued at about $24,630,000. KLP Kapitalforvaltning AS bought a new position in Westinghouse Air Brake Technologies during the fourth quarter worth about $22,509,000. Finally, AGF Management Ltd. bought a new position in Westinghouse Air Brake Technologies during the fourth quarter worth about $10,566,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on WAB shares. KeyCorp upped their price target on shares of Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, November 13th. StockNews.com cut shares of Westinghouse Air Brake Technologies from a "buy" rating to a "hold" rating in a research note on Monday. Bank of America upped 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 note on Wednesday, January 15th. Finally, Stephens reissued an "overweight" rating and issued a $220.00 price objective on shares of Westinghouse Air Brake Technologies in a research note on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Westinghouse Air Brake Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $206.33.

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.