Rep. Robert Bresnahan, Jr. Sells Off Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Westinghouse Air Brake Technologies Co. NYSE: WAB. In a filing disclosed on February 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Westinghouse Air Brake Technologies stock on January 13th. The trade occurred in the Representative's "JOINT OWNERSHIP LPL ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Lowe's Companies NYSE: LOW on 2/7/2025.
• Purchased $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Take-Two Interactive Software NASDAQ: TTWO on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Alibaba Group NYSE: BABA on 1/30/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 1/30/2025.
• Sold $1,001 - $15,000 in shares of Robinhood Markets NASDAQ: HOOD on 1/29/2025.
• Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 1/29/2025.
• Sold $1,001 - $15,000 in shares of Manhattan Associates NASDAQ: MANH on 1/29/2025.
• Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 1/29/2025.

Westinghouse Air Brake Technologies Stock Performance

WAB traded up $4.99 on Wednesday, reaching $193.27. The company had a trading volume of 1,591,712 shares, compared to its average volume of 1,098,413. The stock has a 50-day moving average price of $197.86 and a 200-day moving average price of $187.16. The stock has a market capitalization of $33.02 billion, a PE ratio of 32.05, a P/E/G ratio of 1.46 and a beta of 1.27. Westinghouse Air Brake Technologies Co. has a 1 year low of $133.38 and a 1 year high of $210.88. The company has a quick ratio of 0.69, a current ratio of 1.30 and a debt-to-equity ratio of 0.34.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last posted its earnings results 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 net margin of 10.17% and a return on equity of 12.78%. As a group, research analysts forecast that Westinghouse Air Brake Technologies Co. will post 8.56 EPS for the current fiscal year.

Westinghouse Air Brake Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors 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 0.52%. The ex-dividend date is Friday, February 21st. Westinghouse Air Brake Technologies's dividend payout ratio (DPR) is currently 13.27%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. iA Global Asset Management Inc. lifted its holdings in shares of Westinghouse Air Brake Technologies by 21.5% in the 3rd quarter. iA Global Asset Management Inc. now owns 18,613 shares of the transportation company's stock valued at $3,383,000 after buying an additional 3,288 shares during the period. Longboard Asset Management LP purchased a new position in Westinghouse Air Brake Technologies in the fourth quarter worth $252,000. Border to Coast Pensions Partnership Ltd boosted its position in shares of Westinghouse Air Brake Technologies by 4.5% during 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 purchasing an additional 8,575 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Westinghouse Air Brake Technologies by 5.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 278,729 shares of the transportation company's stock valued at $50,665,000 after purchasing an additional 13,683 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Westinghouse Air Brake Technologies in the third quarter valued at about $7,128,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Bank of America increased 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. The Goldman Sachs Group increased their target price on shares of Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the stock a "neutral" rating in a research note on Thursday, October 24th. KeyCorp boosted their price target on 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. Finally, Stephens reaffirmed an "overweight" rating and set a $220.00 price objective on shares of Westinghouse Air Brake Technologies in a research report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $206.33.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.