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

Westinghouse Air Brake Technologies Co. (NYSE:WAB) has been assigned an average rating of “Moderate Buy” from the ten analysts that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $163.90.

A number of research firms have recently commented on WAB. TD Cowen upped their price objective on shares of Westinghouse Air Brake Technologies from $130.00 to $147.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. Stephens upped their price objective 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. Bank of America upped their price objective on shares of Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. KeyCorp upped their price objective on shares of Westinghouse Air Brake Technologies from $155.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Finally, Susquehanna increased their target price on shares of Westinghouse Air Brake Technologies from $160.00 to $190.00 and gave the stock a “positive” rating in a research note on Thursday, April 25th.

Westinghouse Air Brake Technologies Trading Up 1.4 %

WAB opened at $158.28 on Friday. Westinghouse Air Brake Technologies has a fifty-two week low of $98.70 and a fifty-two week high of $170.83. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.38 and a quick ratio of 0.73. The firm has a market capitalization of $27.92 billion, a price-to-earnings ratio of 30.91, a PEG ratio of 1.30 and a beta of 1.29. The company’s 50 day moving average price is $159.94 and its two-hundred day moving average price is $153.20.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its earnings results on Wednesday, July 24th. The transportation company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.88 by $0.08. Westinghouse Air Brake Technologies had a net margin of 9.94% and a return on equity of 12.05%. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same period in the previous year, the firm posted $1.41 EPS. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, research analysts predict that Westinghouse Air Brake Technologies will post 7.42 earnings per share for the current year.

Westinghouse Air Brake Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, August 14th. This represents a $0.80 annualized dividend and a yield of 0.51%. Westinghouse Air Brake Technologies’s payout ratio is 15.63%.

Insiders Place Their Bets

In other Westinghouse Air Brake Technologies news, EVP Nicole B. Theophilus sold 4,801 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $154.64, for a total transaction of $742,426.64. Following the transaction, the executive vice president now owns 15,608 shares in the company, valued at $2,413,621.12. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CTO Eric Gebhardt sold 7,422 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $156.32, for a total value of $1,160,207.04. Following the completion of the sale, the chief technology officer now owns 22,411 shares in the company, valued at $3,503,287.52. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Nicole B. Theophilus sold 4,801 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $154.64, for a total transaction of $742,426.64. Following the transaction, the executive vice president now owns 15,608 shares of the company’s stock, valued at approximately $2,413,621.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,223 shares of company stock worth $2,064,254. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Westinghouse Air Brake Technologies

Several institutional investors have recently added to or reduced their stakes in WAB. Rhumbline Advisers boosted its position in Westinghouse Air Brake Technologies by 2.1% during the second quarter. Rhumbline Advisers now owns 335,483 shares of the transportation company’s stock worth $53,023,000 after purchasing an additional 7,012 shares during the period. BNP Paribas Financial Markets boosted its position in Westinghouse Air Brake Technologies by 107.8% during the first quarter. BNP Paribas Financial Markets now owns 170,248 shares of the transportation company’s stock worth $24,802,000 after purchasing an additional 88,325 shares during the period. Applied Finance Capital Management LLC boosted its position in Westinghouse Air Brake Technologies by 9.8% during the fourth quarter. Applied Finance Capital Management LLC now owns 159,384 shares of the transportation company’s stock worth $20,226,000 after purchasing an additional 14,285 shares during the period. Forsta AP Fonden boosted its position 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 worth $7,765,000 after purchasing an additional 20,900 shares during the period. Finally, DNB Asset Management AS boosted its position in Westinghouse Air Brake Technologies by 3.9% during the second quarter. DNB Asset Management AS now owns 46,343 shares of the transportation company’s stock worth $7,325,000 after purchasing an additional 1,729 shares during the period. Institutional investors own 91.69% of the company’s stock.

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.