Today, the Exec VP, Human Resources of Westinghouse Air (NYSE: WAB), Scott Wahlstrom, sold shares of WAB for $1.1M.
Following Scott Wahlstrom’s last WAB Sell transaction on May 29, 2018, the stock climbed by 13.8%. In addition to Scott Wahlstrom, 11 other WAB executives reported Sell trades in the last month.
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Based on Westinghouse Air’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.11 billion and quarterly net profit of $84.16 million. In comparison, last year the company earned revenue of $932 million and had a net profit of $71.81 million. WAB’s market cap is $10.64B and the company has a P/E ratio of 36.94. Currently, Westinghouse Air has an average volume of 315.9K.
Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $111.67, reflecting a -1.6% downside.
In the last 30 days, insiders have sold $24.05M worth of WAB shares and purchased $4.15M worth of WAB shares. The insider sentiment on Westinghouse Air has been negative according to 73 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.
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Westinghouse Air Brake Technologies Corp. engages in the provision of equipment, systems, and value-added services for the rail industry. It operates through the following segments: Freight and Transit.
