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

Westinghouse Air Brake Technologies Co. (NYSE:WAB) has been given a consensus rating of “Moderate Buy” by the nine brokerages that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $179.56.

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

Insiders Place Their Bets

In related news, Director Albert J. Neupaver sold 35,722 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $188.70, for a total value of $6,740,741.40. Following the transaction, the director now owns 614,447 shares in the company, valued at $115,946,148.90. This trade represents a 5.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David L. Deninno sold 10,000 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $188.60, for a total value of $1,886,000.00. Following the sale, the vice president now directly owns 55,352 shares of the company’s stock, valued at $10,439,387.20. This represents a 15.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 49,393 shares of company stock valued at $9,350,243. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Westinghouse Air Brake Technologies

Institutional investors have recently modified their holdings of the business. iA Global Asset Management Inc. lifted its stake in Westinghouse Air Brake Technologies by 21.5% in the third 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 during the period. Border to Coast Pensions Partnership Ltd increased its stake in shares of Westinghouse Air Brake Technologies by 4.5% in the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 201,011 shares of the transportation company’s stock valued at $36,431,000 after acquiring an additional 8,575 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Westinghouse Air Brake Technologies by 5.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 278,729 shares of the transportation company’s stock valued at $50,665,000 after acquiring an additional 13,683 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Westinghouse Air Brake Technologies during the 3rd quarter worth approximately $7,128,000. Finally, Erste Asset Management GmbH acquired a new position in Westinghouse Air Brake Technologies during the third quarter valued at approximately $61,474,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Westinghouse Air Brake Technologies Trading Down 1.6 %

Shares of Westinghouse Air Brake Technologies stock opened at $189.19 on Wednesday. Westinghouse Air Brake Technologies has a 1 year low of $124.76 and a 1 year high of $207.51. The company’s fifty day simple moving average is $196.28 and its 200-day simple moving average is $178.59. The company has a market cap of $32.52 billion, a price-to-earnings ratio of 31.53, a PEG ratio of 1.45 and a beta of 1.27. 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 (NYSE:WAB) last posted its quarterly 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 company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.68 billion. Westinghouse Air Brake Technologies had a net margin of 10.25% and a return on equity of 12.52%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the business posted $1.70 EPS. As a group, sell-side analysts expect that Westinghouse Air Brake Technologies will post 7.6 EPS for the current year.

Westinghouse Air Brake Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend was Wednesday, November 13th. Westinghouse Air Brake Technologies’s payout ratio is presently 13.33%.

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.