Westinghouse Air Brake Technologies (NYSE:WAB) Shares Pass Above 200 Day Moving Average of $146.25

Westinghouse Air Brake Technologies Co. (NYSE:WAB) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $146.25 and traded as high as $155.94. Westinghouse Air Brake Technologies shares last traded at $155.46, with a volume of 1,872,026 shares trading hands.

Analyst Ratings Changes

Several research analysts recently commented on WAB shares. KeyCorp boosted their target price on Westinghouse Air Brake Technologies from $155.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Susquehanna lifted their price target on shares of Westinghouse Air Brake Technologies from $160.00 to $190.00 and gave the stock a “positive” rating in a research note on Thursday, April 25th. The Goldman Sachs Group increased their price objective on shares of Westinghouse Air Brake Technologies from $160.00 to $181.00 and gave the company a “neutral” rating in a research report on Tuesday, June 4th. TD Cowen boosted their target price on shares of Westinghouse Air Brake Technologies from $130.00 to $147.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. Finally, Bank of America raised their price target on Westinghouse Air Brake Technologies from $156.00 to $162.00 and gave the company a “buy” rating in a research note on Monday, April 15th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $158.82.

Westinghouse Air Brake Technologies Stock Down 0.1 %

The firm has a market capitalization of $27.42 billion, a price-to-earnings ratio of 30.36, a PEG ratio of 1.41 and a beta of 1.29. The business’s fifty day moving average price is $164.30 and its 200 day moving average price is $146.25. The company has a current ratio of 1.52, a quick ratio of 0.77 and a debt-to-equity ratio of 0.38.

Westinghouse Air Brake Technologies (NYSE:WAB) last announced its earnings results on Wednesday, April 24th. The transportation company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.40 billion. Westinghouse Air Brake Technologies had a net margin of 9.20% and a return on equity of 11.25%. The business’s revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.28 earnings per share. On average, equities analysts expect that Westinghouse Air Brake Technologies Co. will post 7.26 EPS for the current year.

Westinghouse Air Brake Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Friday, May 24th. Westinghouse Air Brake Technologies’s payout ratio is currently 15.63%.

Insider Buying and Selling

In other news, Director Albert J. Neupaver sold 29,100 shares of Westinghouse Air Brake Technologies stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $161.63, for a total value of $4,703,433.00. Following the sale, the director now owns 595,412 shares of the company’s stock, valued at $96,236,441.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Albert J. Neupaver sold 29,100 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $161.63, for a total transaction of $4,703,433.00. Following the completion of the transaction, the director now directly owns 595,412 shares of the company’s stock, valued at approximately $96,236,441.56. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Gregory Sbrocco sold 1,646 shares of Westinghouse Air Brake Technologies stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $167.30, for a total value of $275,375.80. Following the completion of the sale, the executive vice president now owns 16,666 shares in the company, valued at $2,788,221.80. The disclosure for this sale can be found here. Insiders sold a total of 47,476 shares of company stock valued at $7,689,609 over the last three months. 1.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Westinghouse Air Brake Technologies

A number of large investors have recently made changes to their positions in WAB. Massmutual Trust Co. FSB ADV grew its position in Westinghouse Air Brake Technologies by 26.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the transportation company’s stock worth $90,000 after buying an additional 118 shares during the period. Dorsey & Whitney Trust CO LLC purchased a new stake in shares of Westinghouse Air Brake Technologies during the 1st quarter worth approximately $204,000. V Square Quantitative Management LLC grew its holdings in shares of Westinghouse Air Brake Technologies by 36.8% in the 1st quarter. V Square Quantitative Management LLC now owns 2,624 shares of the transportation company’s stock worth $382,000 after acquiring an additional 706 shares during the period. Greenleaf Trust increased its stake in Westinghouse Air Brake Technologies by 4.3% in the 1st quarter. Greenleaf Trust now owns 3,201 shares of the transportation company’s stock valued at $466,000 after purchasing an additional 133 shares in the last quarter. Finally, First Hawaiian Bank raised its holdings in Westinghouse Air Brake Technologies by 49.1% during the fourth quarter. First Hawaiian Bank now owns 3,542 shares of the transportation company’s stock worth $449,000 after purchasing an additional 1,167 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

About Westinghouse Air Brake Technologies

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.