Westinghouse Air Brake Technologies’ (WAB) “Overweight” Rating Reaffirmed at Stephens

Stephens reissued their overweight rating on shares of Westinghouse Air Brake Technologies (NYSE:WAB) in a report released on Thursday morning,Benzinga reports. They currently have a $220.00 price objective on the transportation company’s stock.

Other analysts also recently issued research reports about the company. The Goldman Sachs Group upped their price target on 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. KeyCorp lifted their price target on Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. 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 report on Monday, October 21st. Finally, Bank of America upped their target price on shares of Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $190.38.

Westinghouse Air Brake Technologies Price Performance

Shares of NYSE WAB opened at $196.52 on Thursday. The company’s 50-day moving average is $199.00 and its 200 day moving average is $186.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.65. The stock has a market capitalization of $33.78 billion, a P/E ratio of 32.75, a P/E/G ratio of 1.33 and a beta of 1.27. Westinghouse Air Brake Technologies has a 1 year low of $131.33 and a 1 year high of $210.88.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its quarterly earnings results on Wednesday, February 12th. The transportation company reported $1.68 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.06). Westinghouse Air Brake Technologies had a return on equity of 12.52% and a net margin of 10.25%. On average, sell-side analysts expect that Westinghouse Air Brake Technologies will post 7.6 earnings per share for the current year.

Westinghouse Air Brake Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Friday, February 21st. This is a boost from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. Westinghouse Air Brake Technologies’s dividend payout ratio is 13.33%.

Institutional Investors Weigh In On Westinghouse Air Brake Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in WAB. Eastern Bank bought a new stake in Westinghouse Air Brake Technologies during the third quarter valued at approximately $33,000. Garde Capital Inc. bought a new stake in shares of Westinghouse Air Brake Technologies during the 3rd quarter valued at $110,000. Dorsey & Whitney Trust CO LLC bought a new position in Westinghouse Air Brake Technologies in the 4th quarter worth $204,000. Camden National Bank purchased a new position in Westinghouse Air Brake Technologies during the third quarter valued at $222,000. Finally, Longboard Asset Management LP bought a new stake in Westinghouse Air Brake Technologies during the fourth quarter valued at about $252,000. Hedge funds and other 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.