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

Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) have received a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $179.56.

A number of equities research analysts recently commented on WAB shares. Susquehanna raised their price objective on shares of Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the stock a “positive” rating in a report on Monday, October 21st. KeyCorp lifted their price target on Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Stephens upped their price objective on Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group increased their price objective on Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th.

Insider Buying and Selling at Westinghouse Air Brake Technologies

In other news, CAO John A. Mastalerz, Jr. sold 2,796 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $199.71, for a total value of $558,389.16. Following the sale, the chief accounting officer now directly owns 5,683 shares of the company’s stock, valued at approximately $1,134,951.93. This represents a 32.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David L. Deninno sold 10,000 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $188.60, for a total transaction of $1,886,000.00. Following the completion of the sale, the vice president now owns 55,352 shares of the company’s stock, valued at $10,439,387.20. This trade represents a 15.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,393 shares of company stock worth $9,350,243 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Westinghouse Air Brake Technologies

Large investors have recently added to or reduced their stakes in the business. Lord Abbett & CO. LLC bought a new position in Westinghouse Air Brake Technologies in the 3rd quarter valued at about $24,630,000. Garde Capital Inc. acquired a new position in shares of Westinghouse Air Brake Technologies in the third quarter valued at approximately $110,000. Wilmington Savings Fund Society FSB bought a new position in shares of Westinghouse Air Brake Technologies during the third quarter worth approximately $386,000. iA Global Asset Management Inc. lifted its holdings in Westinghouse Air Brake Technologies by 21.5% during the 3rd quarter. iA Global Asset Management Inc. now owns 18,613 shares of the transportation company’s stock worth $3,383,000 after purchasing an additional 3,288 shares during the last quarter. Finally, Erste Asset Management GmbH bought a new stake in Westinghouse Air Brake Technologies in the 3rd quarter valued at $61,474,000. Institutional investors own 91.69% of the company’s stock.

Westinghouse Air Brake Technologies Stock Down 1.6 %

NYSE:WAB opened at $189.19 on Wednesday. The stock has a market cap of $32.52 billion, a price-to-earnings ratio of 31.53, a PEG ratio of 1.45 and a beta of 1.27. The company has a current ratio of 1.30, a quick ratio of 0.65 and a debt-to-equity ratio of 0.34. The stock has a 50-day moving average price of $196.28 and a two-hundred day moving average price of $178.59. Westinghouse Air Brake Technologies has a 1 year low of $124.76 and a 1 year high of $207.51.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.13. The business had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.68 billion. Westinghouse Air Brake Technologies had a return on equity of 12.52% and a net margin of 10.25%. Westinghouse Air Brake Technologies’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.70 EPS. As a group, equities analysts expect that Westinghouse Air Brake Technologies will post 7.6 earnings per share for the current year.

Westinghouse Air Brake Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, November 13th. This represents a $0.80 annualized dividend and a yield of 0.42%. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is presently 13.33%.

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.