Westinghouse Air Brake Technologies Corp (WAB) Director Sells $178,965.74 in Stock

Westinghouse Air Brake Technologies Corp (NYSE:WAB) Director Brian Hehir sold 2,234 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $80.11, for a total transaction of $178,965.74. Following the completion of the sale, the director now owns 24,905 shares of the company’s stock, valued at $1,995,139.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Brian Hehir also recently made the following trade(s):

  • On Monday, February 27th, Brian Hehir sold 1,500 shares of Westinghouse Air Brake Technologies Corp stock. The stock was sold at an average price of $80.73, for a total transaction of $121,095.00.

Westinghouse Air Brake Technologies Corp (NYSE:WAB) traded up 2.90% during midday trading on Friday, hitting $81.71. 347,326 shares of the company traded hands. The stock’s 50-day moving average price is $80.88 and its 200 day moving average price is $82.42. Westinghouse Air Brake Technologies Corp has a 12-month low of $65.54 and a 12-month high of $89.18. The company has a market capitalization of $7.84 billion, a price-to-earnings ratio of 26.47 and a beta of 1.16.

Westinghouse Air Brake Technologies Corp (NYSE:WAB) last announced its quarterly earnings results on Tuesday, April 25th. The transportation company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.01. Westinghouse Air Brake Technologies Corp had a net margin of 12.28% and a return on equity of 22.43%. The company had revenue of $916 million for the quarter, compared to analysts’ expectations of $982.67 million. During the same period last year, the firm posted $1.05 earnings per share. The business’s quarterly revenue was up 18.6% compared to the same quarter last year. On average, equities analysts forecast that Westinghouse Air Brake Technologies Corp will post $4.03 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 26th. Investors of record on Friday, May 12th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, May 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.50%. Westinghouse Air Brake Technologies Corp’s payout ratio is 10.05%.

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Large investors have recently modified their holdings of the company. Tredje AP fonden bought a new stake in shares of Westinghouse Air Brake Technologies Corp during the first quarter worth approximately $183,000. Cantab Capital Partners LLP bought a new stake in shares of Westinghouse Air Brake Technologies Corp during the fourth quarter worth approximately $298,000. Silvercrest Asset Management Group LLC raised its stake in shares of Westinghouse Air Brake Technologies Corp by 0.9% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 8,778 shares of the transportation company’s stock worth $729,000 after buying an additional 76 shares during the last quarter. Buffington Mohr McNeal raised its stake in shares of Westinghouse Air Brake Technologies Corp by 34.3% in the first quarter. Buffington Mohr McNeal now owns 9,980 shares of the transportation company’s stock worth $778,000 after buying an additional 2,550 shares during the last quarter. Finally, Barings LLC raised its stake in shares of Westinghouse Air Brake Technologies Corp by 14.8% in the fourth quarter. Barings LLC now owns 18,630 shares of the transportation company’s stock worth $1,547,000 after buying an additional 2,400 shares during the last quarter.

A number of brokerages recently issued reports on WAB. Stifel Nicolaus upped their price objective on shares of Westinghouse Air Brake Technologies Corp from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Zacks Investment Research cut shares of Westinghouse Air Brake Technologies Corp from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. Wolfe Research cut shares of Westinghouse Air Brake Technologies Corp from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 26th. KeyCorp upgraded shares of Westinghouse Air Brake Technologies Corp from a “sector weight” rating to an “overweight” rating and set a $100.00 price objective for the company in a report on Tuesday, April 25th. Finally, Wellington Shields upgraded shares of Westinghouse Air Brake Technologies Corp from a “hold” rating to a “gradually accumulate” rating in a report on Friday, April 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $95.71.

Westinghouse Air Brake Technologies Corp Company Profile

Westinghouse Air Brake Technologies Corporation (Wabtec), doing business as Wabtec Corporation, is a provider of technology-based equipment and services for the global freight and transit rail industries. The Company’s segments include the Freight Segment and the Transit Segment. The Freight Segment primarily manufactures and services components for new and existing freight cars and locomotives, builds new switcher locomotives, rebuilds freight locomotives, supplies railway electronics, positive train control equipment, signal design and engineering services, and provides related heat exchange and cooling systems.

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