Westinghouse Air Brake Technologies Co. (NYSE:WAB) Receives Consensus Rating of “Moderate Buy” from Analysts

Westinghouse Air Brake Technologies Co. (NYSE:WAB) has received an average recommendation of “Moderate Buy” from the ten research firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $171.80.

Several brokerages recently weighed in on WAB. Stephens increased their target price on Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday. Bank of America lifted their price target on shares of Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Susquehanna lifted their price objective on Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the company a “positive” rating in a report on Monday. Finally, The Goldman Sachs Group lifted their price objective on Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday.

Insider Transactions at Westinghouse Air Brake Technologies

In other news, insider Alicia Hammersmith sold 4,169 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $165.54, for a total transaction of $690,136.26. Following the completion of the transaction, the insider now directly owns 5,606 shares in the company, valued at approximately $928,017.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Brian Hehir sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $161.62, for a total value of $161,620.00. Following the completion of the transaction, the director now directly owns 23,230 shares in the company, valued at approximately $3,754,432.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alicia Hammersmith sold 4,169 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $165.54, for a total value of $690,136.26. Following the completion of the sale, the insider now owns 5,606 shares in the company, valued at $928,017.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,392 shares of company stock worth $2,754,390. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Westinghouse Air Brake Technologies

Several institutional investors have recently bought and sold shares of the company. Pinnacle Bancorp Inc. lifted its stake in Westinghouse Air Brake Technologies by 55.0% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 155 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 55 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its stake in Westinghouse Air Brake Technologies by 26.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the transportation company’s stock valued at $90,000 after acquiring an additional 118 shares during the period. UMB Bank n.a. grew its holdings in Westinghouse Air Brake Technologies by 3.4% in the 2nd quarter. UMB Bank n.a. now owns 4,701 shares of the transportation company’s stock valued at $743,000 after buying an additional 156 shares in the last quarter. Eastern Bank acquired a new position in Westinghouse Air Brake Technologies in the 3rd quarter valued at $33,000. Finally, Plato Investment Management Ltd grew its holdings in Westinghouse Air Brake Technologies by 2.3% in the 2nd quarter. Plato Investment Management Ltd now owns 11,522 shares of the transportation company’s stock valued at $1,821,000 after buying an additional 261 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

Westinghouse Air Brake Technologies Price Performance

WAB opened at $189.08 on Friday. Westinghouse Air Brake Technologies has a 1 year low of $102.16 and a 1 year high of $192.48. The stock has a fifty day moving average price of $175.35 and a 200 day moving average price of $165.54. The company has a current ratio of 1.38, a quick ratio of 0.73 and a debt-to-equity ratio of 0.33. The stock has a market cap of $33.12 billion, a price-to-earnings ratio of 33.17, a PEG ratio of 1.50 and a beta of 1.27.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its earnings results on Wednesday, October 23rd. The transportation company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.14. Westinghouse Air Brake Technologies had a return on equity of 12.05% and a net margin of 9.94%. The company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same period last year, the company earned $1.70 earnings per share. The business’s revenue was up 4.4% compared to the same quarter last year. Analysts forecast that Westinghouse Air Brake Technologies will post 7.47 EPS for the current fiscal year.

Westinghouse Air Brake Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.80 annualized dividend and a yield of 0.42%. Westinghouse Air Brake Technologies’s dividend payout ratio is currently 14.04%.

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.