Westinghouse Air Brake Technologies (NYSE:WAB) PT Raised to $220.00

Westinghouse Air Brake Technologies (NYSE:WAB) had its target price hoisted by equities research analysts at Susquehanna from $190.00 to $220.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a “positive” rating on the transportation company’s stock. Susquehanna’s price objective indicates a potential upside of 15.97% from the company’s current price.

Separately, Bank of America boosted their price target on shares of Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $166.90.

Westinghouse Air Brake Technologies Stock Down 0.1 %

Shares of WAB opened at $189.71 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.73 and a current ratio of 1.38. The company has a 50-day simple moving average of $173.44 and a 200-day simple moving average of $164.95. Westinghouse Air Brake Technologies has a 52 week low of $98.70 and a 52 week high of $192.48. The firm has a market capitalization of $33.46 billion, a P/E ratio of 37.07, a P/E/G ratio of 1.59 and a beta of 1.27.

Westinghouse Air Brake Technologies (NYSE:WAB) last announced its quarterly earnings data on Wednesday, July 24th. The transportation company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.08. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.64 billion. Westinghouse Air Brake Technologies had a return on equity of 12.05% and a net margin of 9.94%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the company earned $1.41 EPS. On average, equities research analysts expect that Westinghouse Air Brake Technologies will post 7.46 earnings per share for the current year.

Insider Transactions at Westinghouse Air Brake Technologies

In other news, Director Brian Hehir sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $161.62, for a total transaction of $161,620.00. Following the transaction, the director now directly owns 23,230 shares in the company, valued at approximately $3,754,432.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Westinghouse Air Brake Technologies news, Director Brian Hehir sold 1,000 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $161.62, for a total transaction of $161,620.00. Following the transaction, the director now directly owns 23,230 shares in the company, valued at approximately $3,754,432.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Nicole B. Theophilus sold 4,801 shares of Westinghouse Air Brake Technologies stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $154.64, for a total transaction of $742,426.64. Following the sale, the executive vice president now directly owns 15,608 shares of the company’s stock, valued at $2,413,621.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,392 shares of company stock worth $2,754,390. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Westinghouse Air Brake Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Pinnacle Bancorp Inc. grew its stake in Westinghouse Air Brake Technologies by 55.0% in the third quarter. Pinnacle Bancorp Inc. now owns 155 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 55 shares during the period. Eastern Bank bought a new position in Westinghouse Air Brake Technologies in the third quarter valued at approximately $33,000. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Westinghouse Air Brake Technologies by 26.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the transportation company’s stock valued at $90,000 after buying an additional 118 shares during the period. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Westinghouse Air Brake Technologies during the first quarter worth $204,000. Finally, Bridges Investment Management Inc. bought a new stake in Westinghouse Air Brake Technologies in the 2nd quarter valued at $360,000. 91.69% of the stock is owned by 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.