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

Shares of Westinghouse Air Brake Technologies Co. (NYSE:WABGet Free Report) have earned an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $156.18.

A number of equities analysts recently commented on WAB shares. Redburn Atlantic lowered shares of Westinghouse Air Brake Technologies from a “buy” rating to a “neutral” rating and set a $135.00 price target on the stock. in a research report on Thursday, February 15th. Stephens raised their target price on shares of Westinghouse Air Brake Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. KeyCorp increased their price target on Westinghouse Air Brake Technologies from $155.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. The Goldman Sachs Group lifted their price objective on Westinghouse Air Brake Technologies from $138.00 to $152.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Finally, Wells Fargo & Company increased their target price on Westinghouse Air Brake Technologies from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th.

Check Out Our Latest Stock Report on WAB

Westinghouse Air Brake Technologies Price Performance

Westinghouse Air Brake Technologies stock opened at $169.70 on Tuesday. The company has a market capitalization of $29.93 billion, a price-to-earnings ratio of 33.14, a PEG ratio of 1.51 and a beta of 1.36. The stock’s 50 day moving average is $155.46 and its 200-day moving average is $137.92. 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 has a 12 month low of $91.89 and a 12 month high of $170.83.

Westinghouse Air Brake Technologies (NYSE:WABGet Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. Westinghouse Air Brake Technologies had a return on equity of 11.25% and a net margin of 9.20%. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period in the prior year, the firm posted $1.28 EPS. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. Equities research analysts expect that Westinghouse Air Brake Technologies will post 7.26 EPS for the current year.

Westinghouse Air Brake Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, May 24th. This represents a $0.80 annualized dividend and a dividend yield of 0.47%. Westinghouse Air Brake Technologies’s dividend payout ratio is currently 15.63%.

Insider Buying and Selling at Westinghouse Air Brake Technologies

In other news, EVP Gregory Sbrocco sold 1,646 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 16,666 shares of the company’s stock, valued at $2,788,221.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Westinghouse Air Brake Technologies news, EVP Gregory Sbrocco sold 1,646 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $167.30, for a total transaction of $275,375.80. Following the sale, the executive vice president now owns 16,666 shares of the company’s stock, valued at $2,788,221.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Albert J. Neupaver sold 29,100 shares of the stock in a transaction on 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 completion of the transaction, the director now owns 595,412 shares of the company’s stock, valued at $96,236,441.56. The disclosure for this sale can be found here. Insiders have sold a total of 96,363 shares of company stock worth $14,563,612 over the last 90 days. Insiders own 1.10% of the company’s stock.

Institutional Trading of Westinghouse Air Brake Technologies

Hedge funds have recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in Westinghouse Air Brake Technologies during the 3rd quarter worth approximately $204,000. Dorsey & Whitney Trust CO LLC acquired a new position in shares of Westinghouse Air Brake Technologies during the first quarter worth $204,000. First Hawaiian Bank grew its stake in shares of Westinghouse Air Brake Technologies by 49.1% in 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. Greenleaf Trust increased its holdings in Westinghouse Air Brake Technologies by 4.3% in the first quarter. Greenleaf Trust now owns 3,201 shares of the transportation company’s stock valued at $466,000 after purchasing an additional 133 shares during the period. Finally, Industrial Alliance Investment Management Inc. bought a new position in Westinghouse Air Brake Technologies during the 3rd quarter worth $498,000. 91.69% of the stock is owned by institutional investors and hedge funds.

Westinghouse Air Brake Technologies Company Profile

(Get Free Report

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.

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Analyst Recommendations for Westinghouse Air Brake Technologies (NYSE:WAB)

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