Westinghouse Air Brake Technologies (NYSE:WAB) Reaches New 1-Year High at $167.49

Westinghouse Air Brake Technologies Co. (NYSE:WAB) hit a new 52-week high on Wednesday . The stock traded as high as $167.49 and last traded at $162.74, with a volume of 780741 shares traded. The stock had previously closed at $148.48.

Wall Street Analyst Weigh In

WAB has been the topic of a number of analyst reports. KeyCorp lifted their price target on Westinghouse Air Brake Technologies from $133.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Stephens increased their price target on Westinghouse Air Brake Technologies from $153.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Bank of America lifted their target price on Westinghouse Air Brake Technologies from $156.00 to $162.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Wells Fargo & Company upped their price objective on Westinghouse Air Brake Technologies from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Finally, Redburn Atlantic cut Westinghouse Air Brake Technologies from a “buy” rating to a “neutral” rating and set a $135.00 price target for the company. in a research note on Thursday, February 15th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Westinghouse Air Brake Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $146.91.

Westinghouse Air Brake Technologies Price Performance

The stock has a market capitalization of $28.85 billion, a PE ratio of 36.27, a P/E/G ratio of 1.68 and a beta of 1.40. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.63 and a current ratio of 1.20. The company’s fifty day simple moving average is $142.63 and its two-hundred day simple moving average is $127.64.

Westinghouse Air Brake Technologies (NYSE:WAB) last released its quarterly earnings results on Wednesday, February 14th. The transportation company reported $1.54 EPS for the quarter, missing the consensus estimate of $1.58 by ($0.04). The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.48 billion. Westinghouse Air Brake Technologies had a return on equity of 10.34% and a net margin of 8.42%. The firm’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.30 EPS. As a group, sell-side analysts predict that Westinghouse Air Brake Technologies Co. will post 6.73 EPS for the current year.

Westinghouse Air Brake Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.49%. This is a positive change from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Thursday, February 22nd. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is presently 17.70%.

Insider Transactions at Westinghouse Air Brake Technologies

In related news, EVP Nicole B. Theophilus sold 2,668 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $140.46, for a total transaction of $374,747.28. Following the completion of the sale, the executive vice president now owns 24,792 shares of the company’s stock, valued at $3,482,284.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Westinghouse Air Brake Technologies news, CEO Rafael Santana sold 40,219 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $140.62, for a total value of $5,655,595.78. Following the transaction, the chief executive officer now owns 123,019 shares of the company’s stock, valued at $17,298,931.78. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Nicole B. Theophilus sold 2,668 shares of Westinghouse Air Brake Technologies stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $140.46, for a total value of $374,747.28. Following the completion of the transaction, the executive vice president now owns 24,792 shares of the company’s stock, valued at approximately $3,482,284.32. The disclosure for this sale can be found here. Insiders sold a total of 63,964 shares of company stock worth $8,924,584 over the last quarter. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Westinghouse Air Brake Technologies

Several institutional investors have recently made changes to their positions in the company. First Hawaiian Bank increased its stake in Westinghouse Air Brake Technologies by 4.4% in the first quarter. First Hawaiian Bank now owns 3,699 shares of the transportation company’s stock valued at $539,000 after purchasing an additional 157 shares during the last quarter. Applied Finance Capital Management LLC grew its holdings in shares of Westinghouse Air Brake Technologies by 9.8% during the fourth quarter. Applied Finance Capital Management LLC now owns 159,384 shares of the transportation company’s stock valued at $20,226,000 after purchasing an additional 14,285 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Westinghouse Air Brake Technologies by 7.7% in the 4th quarter. BNP Paribas Financial Markets now owns 81,916 shares of the transportation company’s stock worth $10,395,000 after buying an additional 5,859 shares in the last quarter. Handelsinvest Investeringsforvaltning bought a new position in Westinghouse Air Brake Technologies during the 4th quarter valued at $1,030,000. Finally, iA Global Asset Management Inc. purchased a new stake in shares of Westinghouse Air Brake Technologies in the third quarter valued at $1,915,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

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.