Westinghouse Air Brake Technologies Corp (NYSE:WAB) VP David L. Deninno bought 3,000 shares of Westinghouse Air Brake Technologies stock in a transaction dated Tuesday, May 21st. The shares were purchased at an average cost of $64.51 per share, for a total transaction of $193,530.00. Following the completion of the transaction, the vice president now owns 87,066 shares of the company’s stock, valued at approximately $5,616,627.66. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

WAB traded down $2.48 during trading on Thursday, hitting $62.86. The company had a trading volume of 81,667 shares, compared to its average volume of 3,332,214. The stock has a market capitalization of $10.53 billion, a PE ratio of 16.50, a P/E/G ratio of 1.24 and a beta of 1.29. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.35 and a quick ratio of 0.75. Westinghouse Air Brake Technologies Corp has a 1-year low of $64.01 and a 1-year high of $115.40.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its quarterly earnings results on Thursday, April 25th. The transportation company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.26. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Westinghouse Air Brake Technologies had a net margin of 4.12% and a return on equity of 9.11%. The firm’s quarterly revenue was up 50.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 earnings per share. On average, equities research analysts forecast that Westinghouse Air Brake Technologies Corp will post 4.19 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a $0.12 dividend. The ex-dividend date is Thursday, May 9th. This represents a $0.48 annualized dividend and a yield of 0.76%. Westinghouse Air Brake Technologies’s dividend payout ratio is presently 12.60%.

WAB has been the topic of a number of recent research reports. Wells Fargo & Co set a $95.00 target price on shares of Westinghouse Air Brake Technologies and gave the stock a “buy” rating in a research report on Friday, April 26th. ValuEngine cut shares of Westinghouse Air Brake Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. Seaport Global Securities reissued a “buy” rating on shares of Westinghouse Air Brake Technologies in a research report on Monday, January 28th. Stephens set a $92.00 target price on shares of Westinghouse Air Brake Technologies and gave the stock a “buy” rating in a research report on Tuesday, February 26th. Finally, Jefferies Financial Group started coverage on shares of Westinghouse Air Brake Technologies in a report on Friday, February 22nd. They issued a “hold” rating and a $80.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $94.10.

Several large investors have recently modified their holdings of WAB. Williams Jones & Associates LLC raised its holdings in shares of Westinghouse Air Brake Technologies by 36.9% during the first quarter. Williams Jones & Associates LLC now owns 721,867 shares of the transportation company’s stock worth $53,216,000 after purchasing an additional 194,724 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of Westinghouse Air Brake Technologies by 32.9% during the fourth quarter. Canada Pension Plan Investment Board now owns 407,310 shares of the transportation company’s stock worth $28,611,000 after purchasing an additional 100,900 shares during the period. ANTIPODES PARTNERS Ltd acquired a new stake in shares of Westinghouse Air Brake Technologies during the first quarter worth $5,492,000. Rhumbline Advisers raised its holdings in shares of Westinghouse Air Brake Technologies by 43.8% during the fourth quarter. Rhumbline Advisers now owns 224,625 shares of the transportation company’s stock worth $15,780,000 after purchasing an additional 68,390 shares during the period. Finally, Assetmark Inc. raised its holdings in shares of Westinghouse Air Brake Technologies by 7,560.4% during the first quarter. Assetmark Inc. now owns 38,149 shares of the transportation company’s stock worth $2,812,000 after purchasing an additional 37,651 shares during the period. 99.51% of the stock is currently owned by institutional investors.

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About Westinghouse Air Brake Technologies

Wabtec Corporation provides technology-based equipment, systems, and services for the freight rail and passenger transit vehicle industries worldwide. The company's Freight segment 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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