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 NYSE WAB opened at $207.68 on Friday. Westinghouse Air Brake Technologies Co. has a 1 year low of $131.31 and a 1 year high of $210.88. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.65 and a current ratio of 1.30. The stock has a fifty day moving average price of $198.46 and a two-hundred day moving average price of $183.63. The firm has a market cap of $35.70 billion, a P/E ratio of 34.61, a PEG ratio of 1.33 and a beta of 1.27.

Insider Transactions at Westinghouse Air Brake Technologies

In related news, CAO John A. Mastalerz, Jr. sold 2,796 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $199.71, for a total transaction of $558,389.16. Following the completion of the sale, the chief accounting officer now directly owns 5,683 shares in the company, valued at approximately $1,134,951.93. This trade represents a 32.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Westinghouse Air Brake Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in WAB. Erste Asset Management GmbH acquired a new stake in shares of Westinghouse Air Brake Technologies in the third quarter worth $61,474,000. BNP Paribas Financial Markets boosted its position in Westinghouse Air Brake Technologies by 5.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 278,729 shares of the transportation company’s stock worth $50,665,000 after acquiring an additional 13,683 shares during the period. Border to Coast Pensions Partnership Ltd grew its stake in 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 valued at $36,431,000 after acquiring an additional 8,575 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of Westinghouse Air Brake Technologies in the 3rd quarter valued at about $24,630,000. Finally, Forsta AP Fonden lifted its position in shares of Westinghouse Air Brake Technologies by 4.3% in the third quarter. Forsta AP Fonden now owns 50,600 shares of the transportation company’s stock worth $9,198,000 after purchasing an additional 2,100 shares in the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WAB. Bank of America boosted 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 report on Wednesday, January 15th. The Goldman Sachs Group boosted 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 report on Thursday, October 24th. KeyCorp raised their target price on shares of Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Susquehanna upped their price target on Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the company a “positive” rating in a report on Monday, October 21st. Finally, Stephens raised their price objective on Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the stock 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 has a consensus rating of “Moderate Buy” and a consensus target price of $188.50.

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.