Westinghouse Air Brake Technologies (NYSE:WAB) Stock Acquired Sen. Markwayne Mullin

Senator Markwayne Mullin (R-Oklahoma) recently bought shares of Westinghouse Air Brake Technologies Co. NYSE: WAB. In a filing disclosed on January 31st, the Senator disclosed that they had bought between $15,001 and $50,000 in Westinghouse Air Brake Technologies stock on January 2nd.

Senator Markwayne Mullin also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of iShares Core MSCI EAFE ETF BATS: IEFA on 1/8/2025.
• Sold $15,001 - $50,000 in shares of iShares MSCI Eurozone ETF BATS: EZU on 1/8/2025.
• Sold $1,001 - $15,000 in shares of Abbott Laboratories NYSE: ABT on 1/8/2025.
• Purchased $15,001 - $50,000 in shares of The Goldman Sachs Group NYSE: GS on 1/2/2025.
• Purchased $15,001 - $50,000 in shares of Iron Mountain NYSE: IRM on 1/2/2025.
• Purchased $15,001 - $50,000 in shares of Coherent NYSE: COHR on 1/2/2025.
• Purchased $15,001 - $50,000 in shares of Credo Technology Group NASDAQ: CRDO on 1/2/2025.
• Purchased $15,001 - $50,000 in shares of Dell Technologies NYSE: DELL on 1/2/2025.
• Purchased $15,001 - $50,000 in shares of Applied Industrial Technologies NYSE: AIT on 1/2/2025.
• Purchased $15,001 - $50,000 in shares of Stride NYSE: LRN on 1/2/2025.

Westinghouse Air Brake Technologies Stock Performance

Shares of WAB traded up $1.64 during midday trading on Tuesday, reaching $206.28. 1,029,928 shares of the stock were exchanged, compared to its average volume of 898,326. The stock's 50 day simple moving average is $198.65 and its 200 day simple moving average is $184.41. The company has a market cap of $35.46 billion, a P/E ratio of 34.38, a PEG ratio of 1.33 and a beta of 1.27. Westinghouse Air Brake Technologies Co. has a twelve month low of $131.33 and a twelve month high of $210.88. The company has a quick ratio of 0.65, a current ratio of 1.30 and a debt-to-equity ratio of 0.34.

Analyst Upgrades and Downgrades

WAB has been the subject of a number of recent research reports. Susquehanna boosted their price objective on shares of Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the company a "positive" rating in a report on Monday, October 21st. The Goldman Sachs Group boosted their price target 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. KeyCorp raised their price objective on Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 13th. Bank of America upped their target price on 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 boosted their price target on Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $188.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in WAB. Pinnacle Bancorp Inc. lifted its stake in Westinghouse Air Brake Technologies by 55.0% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 155 shares of the transportation company's stock valued at $28,000 after purchasing an additional 55 shares during the last quarter. Eastern Bank bought a new position in shares of Westinghouse Air Brake Technologies in the 3rd quarter valued at $33,000. Garde Capital Inc. acquired a new stake in shares of Westinghouse Air Brake Technologies during the 3rd quarter valued at $110,000. Camden National Bank bought a new stake in Westinghouse Air Brake Technologies during the 3rd quarter worth $222,000. Finally, Longboard Asset Management LP acquired a new position in Westinghouse Air Brake Technologies in the 4th quarter worth about $252,000. Institutional investors own 91.69% of the company's stock.

Insider Buying and Selling at Westinghouse Air Brake Technologies

In related news, CAO John A. Mastalerz, Jr. sold 2,796 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $199.71, for a total value of $558,389.16. Following the sale, the chief accounting officer now owns 5,683 shares of the company's stock, valued at $1,134,951.93. The trade was a 32.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.10% of the company's stock.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father's plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

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.