Westinghouse Air Brake Technologies Co. (NYSE:WAB) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) have received an average recommendation of “Moderate Buy” from the eleven analysts that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $158.82.

WAB has been the topic of several research analyst reports. Stephens upped their target price on shares of Westinghouse Air Brake Technologies from $165.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. TD Cowen raised their target price on shares of Westinghouse Air Brake Technologies from $130.00 to $147.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. Bank of America boosted their target price on shares of Westinghouse Air Brake Technologies from $156.00 to $162.00 and gave the company a “buy” rating in a research note on Monday, April 15th. The Goldman Sachs Group raised their price target on Westinghouse Air Brake Technologies from $160.00 to $181.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 4th. Finally, KeyCorp upped their price objective on Westinghouse Air Brake Technologies from $155.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th.

Westinghouse Air Brake Technologies Trading Down 0.4 %

Shares of NYSE WAB opened at $160.99 on Friday. The company has a market cap of $28.39 billion, a PE ratio of 31.44, a P/E/G ratio of 1.45 and a beta of 1.32. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.77 and a current ratio of 1.52. The firm’s 50 day moving average price is $162.47 and its 200-day moving average price is $144.00. Westinghouse Air Brake Technologies has a 52-week low of $98.70 and a 52-week high of $170.83.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its earnings results on Wednesday, April 24th. The transportation company reported $1.89 EPS for the quarter, beating the consensus estimate 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 business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period last year, the business posted $1.28 EPS. The company’s revenue was up 13.9% compared to the same quarter last year. On average, equities research analysts expect that Westinghouse Air Brake Technologies will post 7.26 EPS for the current fiscal year.

Westinghouse Air Brake Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 28th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Friday, May 24th. Westinghouse Air Brake Technologies’s payout ratio is 15.63%.

Insiders Place Their Bets

In related news, EVP Gregory Sbrocco sold 1,646 shares of Westinghouse Air Brake Technologies 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 transaction, the executive vice president now owns 16,666 shares in the company, valued at approximately $2,788,221.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Gregory Sbrocco sold 1,646 shares of Westinghouse Air Brake Technologies stock in a transaction that occurred on Friday, May 10th. The stock was 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 approximately $2,788,221.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Albert J. Neupaver sold 29,100 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was 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 directly owns 595,412 shares in the company, valued at $96,236,441.56. The disclosure for this sale can be found here. Insiders sold a total of 47,476 shares of company stock worth $7,689,609 over the last three months. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of Westinghouse Air Brake Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of WAB. Plato Investment Management Ltd boosted its holdings in shares of Westinghouse Air Brake Technologies by 59,168.4% during the 1st quarter. Plato Investment Management Ltd now owns 11,261 shares of the transportation company’s stock valued at $1,641,000 after purchasing an additional 11,242 shares during the last quarter. Silvercrest Asset Management Group LLC grew its holdings in Westinghouse Air Brake Technologies by 17.4% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 7,727 shares of the transportation company’s stock valued at $1,126,000 after buying an additional 1,146 shares in the last quarter. Dorsey & Whitney Trust CO LLC purchased a new stake in shares of Westinghouse Air Brake Technologies during the 1st quarter worth approximately $204,000. Forsta AP Fonden raised its stake in Westinghouse Air Brake Technologies by 64.5% during the first quarter. Forsta AP Fonden now owns 53,300 shares of the transportation company’s stock valued at $7,765,000 after purchasing an additional 20,900 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Westinghouse Air Brake Technologies by 107.8% in the 1st quarter. BNP Paribas Financial Markets now owns 170,248 shares of the transportation company’s stock valued at $24,802,000 after acquiring an additional 88,325 shares during the last quarter. 91.69% of the stock is currently owned by 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.