Analysts Set Westinghouse Air Brake Technologies Co. (NYSE:WAB) Target Price at $163.90

Westinghouse Air Brake Technologies Co. (NYSE:WAB) has been given an average recommendation of “Moderate Buy” by the ten analysts that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $163.90.

Separately, Bank of America boosted their price objective on shares of Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd.

Insider Transactions at Westinghouse Air Brake Technologies

In other Westinghouse Air Brake Technologies news, CTO Eric Gebhardt sold 7,422 shares of the firm’s stock in a transaction on 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 directly owns 22,411 shares in the company, valued at approximately $3,503,287.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Westinghouse Air Brake Technologies news, Director Brian Hehir sold 1,000 shares of the business’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 value of $161,620.00. Following the completion of the transaction, the director now owns 23,230 shares of the company’s stock, valued at $3,754,432.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Eric Gebhardt sold 7,422 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $156.32, for a total transaction of $1,160,207.04. Following the completion of the sale, the chief technology officer now owns 22,411 shares of the company’s stock, valued at approximately $3,503,287.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,392 shares of company stock worth $2,754,390 over the last three months. 1.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in WAB. BNP Paribas Financial Markets increased its stake in Westinghouse Air Brake Technologies by 107.8% during the 1st quarter. BNP Paribas Financial Markets now owns 170,248 shares of the transportation company’s stock valued at $24,802,000 after purchasing an additional 88,325 shares in the last quarter. Forsta AP Fonden lifted its holdings 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 valued at $7,765,000 after purchasing an additional 20,900 shares in the last quarter. Plato Investment Management Ltd lifted its holdings in shares of Westinghouse Air Brake Technologies by 59,168.4% in the first quarter. Plato Investment Management Ltd now owns 11,261 shares of the transportation company’s stock worth $1,641,000 after buying an additional 11,242 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Westinghouse Air Brake Technologies by 2.1% in the second quarter. Rhumbline Advisers now owns 335,483 shares of the transportation company’s stock worth $53,023,000 after buying an additional 7,012 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Westinghouse Air Brake Technologies by 12.3% in the second quarter. Nisa Investment Advisors LLC now owns 22,357 shares of the transportation company’s stock worth $3,534,000 after purchasing an additional 2,457 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors.

Westinghouse Air Brake Technologies Trading Up 1.6 %

Westinghouse Air Brake Technologies stock opened at $183.30 on Monday. The company has a market capitalization of $32.11 billion, a price-to-earnings ratio of 35.53, a PEG ratio of 1.51 and a beta of 1.27. The company’s fifty day moving average price is $166.05 and its two-hundred day moving average price is $161.17. Westinghouse Air Brake Technologies has a one year low of $98.70 and a one year high of $184.11. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.38 and a quick ratio of 0.73.

Westinghouse Air Brake Technologies (NYSE:WAB) last released 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. The business had revenue of $2.64 billion for 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 firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the business earned $1.41 earnings per share. On average, analysts forecast that Westinghouse Air Brake Technologies will post 7.46 earnings per share for the current fiscal year.

Westinghouse Air Brake Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.44%. The ex-dividend date was Wednesday, August 14th. Westinghouse Air Brake Technologies’s payout ratio is currently 15.63%.

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.