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

Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) have received an average rating of “Moderate Buy” from the ten analysts that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $175.30.

Several equities analysts have weighed in on WAB shares. Bank of America boosted their target price 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. Susquehanna raised their target price on Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the company a “positive” rating in a report on Monday, October 21st. Stephens boosted their target price on Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. KeyCorp upped their target price on shares of Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Finally, 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.

Insider Buying and Selling

In other news, VP David L. Deninno sold 10,000 shares of Westinghouse Air Brake Technologies 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 transaction, the vice president now directly owns 55,352 shares in the company, valued at approximately $10,439,387.20. The trade was a 15.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Alicia Hammersmith sold 4,169 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $165.54, for a total value of $690,136.26. Following the completion of the sale, the insider now directly owns 5,606 shares of the company’s stock, valued at $928,017.24. This represents a 42.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 53,562 shares of company stock valued at $10,040,379 over the last quarter. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Pinnacle Bancorp Inc. increased its stake in Westinghouse Air Brake Technologies by 55.0% during 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 shares of Westinghouse Air Brake Technologies during the 3rd quarter worth about $33,000. Massmutual Trust Co. FSB ADV boosted its position in shares of Westinghouse Air Brake Technologies by 26.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the transportation company’s stock valued at $90,000 after acquiring an additional 118 shares in the last quarter. Camden National Bank bought a new stake in Westinghouse Air Brake Technologies in the third quarter valued at about $222,000. Finally, Harvest Fund Management Co. Ltd raised its position in Westinghouse Air Brake Technologies by 10.4% in the third quarter. Harvest Fund Management Co. Ltd now owns 1,820 shares of the transportation company’s stock worth $331,000 after purchasing an additional 172 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

Westinghouse Air Brake Technologies Price Performance

Shares of WAB opened at $195.44 on Tuesday. Westinghouse Air Brake Technologies has a fifty-two week low of $114.45 and a fifty-two week high of $202.84. The stock has a market capitalization of $33.59 billion, a PE ratio of 32.57, a PEG ratio of 1.41 and a beta of 1.27. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.65 and a current ratio of 1.30. The company has a 50 day moving average price of $185.60 and a 200-day moving average price of $170.74.

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

Westinghouse Air Brake Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.80 annualized dividend and a dividend yield of 0.41%. Westinghouse Air Brake Technologies’s dividend payout ratio is currently 13.33%.

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.