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

Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) have been assigned an average rating of “Moderate Buy” from the ten brokerages that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $175.30.

Several research firms recently weighed in on WAB. KeyCorp raised their target price on shares of Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Susquehanna boosted their price objective on shares of Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the stock a “positive” rating in a research note on Monday, October 21st. The Goldman Sachs Group upped their target price on shares of Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Finally, Stephens lifted their price target on Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th.

Westinghouse Air Brake Technologies Stock Down 1.1 %

Shares of WAB stock opened at $199.68 on Friday. The firm’s fifty day moving average price is $194.73 and its two-hundred day moving average price is $175.09. The company has a current ratio of 1.30, a quick ratio of 0.65 and a debt-to-equity ratio of 0.34. Westinghouse Air Brake Technologies has a 1 year low of $120.89 and a 1 year high of $207.51. The firm has a market capitalization of $34.32 billion, a P/E ratio of 33.28, a PEG ratio of 1.48 and a beta of 1.26.

Westinghouse Air Brake Technologies (NYSE:WAB) last released its earnings results on Wednesday, October 23rd. The transportation company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.13. The business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.68 billion. Westinghouse Air Brake Technologies had a return on equity of 12.52% and a net margin of 10.25%. Westinghouse Air Brake Technologies’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.70 earnings per share. On average, equities analysts predict that Westinghouse Air Brake Technologies will post 7.61 EPS for the current fiscal year.

Westinghouse Air Brake Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend was Wednesday, November 13th. Westinghouse Air Brake Technologies’s payout ratio is 13.33%.

Insider Transactions at Westinghouse Air Brake Technologies

In other Westinghouse Air Brake Technologies news, VP David L. Deninno sold 10,000 shares of Westinghouse Air Brake Technologies stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $188.60, for a total value of $1,886,000.00. Following the completion of the sale, the vice president now owns 55,352 shares in the company, valued at $10,439,387.20. The trade was a 15.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Albert J. Neupaver sold 35,722 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $188.70, for a total transaction of $6,740,741.40. Following the transaction, the director now owns 614,447 shares in the company, valued at approximately $115,946,148.90. The trade was a 5.49 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,393 shares of company stock worth $9,350,243. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Westinghouse Air Brake Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WAB. Lord Abbett & CO. LLC acquired a new position in Westinghouse Air Brake Technologies in the third quarter valued at about $24,630,000. Garde Capital Inc. bought a new position in Westinghouse Air Brake Technologies in the 3rd quarter valued at about $110,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Westinghouse Air Brake Technologies in the 3rd quarter valued at approximately $386,000. iA Global Asset Management Inc. raised its position in shares of Westinghouse Air Brake Technologies by 21.5% in the 3rd quarter. iA Global Asset Management Inc. now owns 18,613 shares of the transportation company’s stock valued at $3,383,000 after buying an additional 3,288 shares in the last quarter. Finally, Erste Asset Management GmbH bought a new stake in shares of Westinghouse Air Brake Technologies during the 3rd quarter worth approximately $61,474,000. 91.69% of the stock is owned by institutional investors and hedge funds.

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.