Brokerages Set Westinghouse Air Brake Technologies Co. (NYSE:WAB) PT at $206.33

Westinghouse Air Brake Technologies Co. (NYSE:WAB) has been assigned an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $206.33.

A number of research analysts have recently commented on the company. Bank of America increased their price objective on Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Stephens reiterated an “overweight” rating and set a $220.00 price target on shares of Westinghouse Air Brake Technologies in a research note on Thursday, February 13th. Finally, StockNews.com downgraded Westinghouse Air Brake Technologies from a “buy” rating to a “hold” rating in a report on Monday, March 3rd.

Westinghouse Air Brake Technologies Price Performance

Shares of WAB opened at $187.55 on Monday. The company has a quick ratio of 0.69, a current ratio of 1.30 and a debt-to-equity ratio of 0.34. Westinghouse Air Brake Technologies has a fifty-two week low of $143.22 and a fifty-two week high of $210.88. The company has a market cap of $32.04 billion, a P/E ratio of 31.10, a PEG ratio of 1.50 and a beta of 1.31. The firm’s 50 day moving average price is $192.28 and its 200 day moving average price is $190.91.

Westinghouse Air Brake Technologies (NYSE:WAB) last announced its quarterly earnings data on Wednesday, February 12th. The transportation company reported $1.68 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.06). Westinghouse Air Brake Technologies had a return on equity of 12.78% and a net margin of 10.17%. On average, research analysts forecast that Westinghouse Air Brake Technologies will post 8.54 earnings per share for the current fiscal year.

Westinghouse Air Brake Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were paid a $0.25 dividend. This is a boost from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Friday, February 21st. Westinghouse Air Brake Technologies’s payout ratio is currently 16.58%.

Insider Transactions at Westinghouse Air Brake Technologies

In other news, CEO Rafael Santana sold 886 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $182.34, for a total transaction of $161,553.24. Following the transaction, the chief executive officer now directly owns 176,295 shares in the company, valued at $32,145,630.30. The trade was a 0.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Westinghouse Air Brake Technologies

A number of large investors have recently modified their holdings of the business. Putney Financial Group LLC purchased a new stake in shares of Westinghouse Air Brake Technologies during the 4th quarter worth $52,000. Garde Capital Inc. acquired a new stake in shares of Westinghouse Air Brake Technologies during the 3rd quarter valued at approximately $110,000. Dorsey & Whitney Trust CO LLC purchased a new stake in shares of Westinghouse Air Brake Technologies during the 4th quarter worth approximately $204,000. GF Fund Management CO. LTD. purchased a new position in Westinghouse Air Brake Technologies in the 4th quarter valued at approximately $205,000. Finally, Camden National Bank acquired a new position in Westinghouse Air Brake Technologies during the third quarter worth $222,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

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.