Brokerages Set Westinghouse Air Brake Technologies Co. (NYSE:WAB) PT at $206.33

Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) have been given an average rating of “Moderate Buy” by the six brokerages that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $206.33.

Several analysts have commented on WAB shares. StockNews.com cut Westinghouse Air Brake Technologies from a “buy” rating to a “hold” rating in a research report on Monday. Bank of America boosted their price target on shares of Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. KeyCorp increased their price objective on shares of Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Finally, Stephens reissued an “overweight” rating and set a $220.00 target price on shares of Westinghouse Air Brake Technologies in a research note on Thursday, February 13th.

Insider Transactions at Westinghouse Air Brake Technologies

In other news, CEO Rafael Santana sold 886 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $182.34, for a total transaction of $161,553.24. Following the transaction, the chief executive officer now directly owns 176,295 shares in the company, valued at $32,145,630.30. The trade was a 0.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Westinghouse Air Brake Technologies

A number of institutional investors have recently added to or reduced their stakes in WAB. Erste Asset Management GmbH purchased a new stake in Westinghouse Air Brake Technologies in the 3rd quarter valued at $61,474,000. BNP Paribas Financial Markets grew its holdings in shares of Westinghouse Air Brake Technologies by 5.2% in the third quarter. BNP Paribas Financial Markets now owns 278,729 shares of the transportation company’s stock valued at $50,665,000 after purchasing an additional 13,683 shares during the period. Lord Abbett & CO. LLC acquired a new stake in Westinghouse Air Brake Technologies during the third quarter worth about $24,630,000. KLP Kapitalforvaltning AS purchased a new position in Westinghouse Air Brake Technologies during the fourth quarter worth about $22,509,000. Finally, AGF Management Ltd. acquired a new position in Westinghouse Air Brake Technologies in the 4th quarter valued at about $10,566,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Westinghouse Air Brake Technologies Stock Up 1.3 %

WAB stock opened at $179.91 on Thursday. Westinghouse Air Brake Technologies has a one year low of $139.12 and a one year high of $210.88. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.69 and a current ratio of 1.30. The firm’s fifty day moving average is $195.64 and its 200 day moving average is $189.17. The firm has a market cap of $30.74 billion, a PE ratio of 29.84, a P/E/G ratio of 1.50 and a beta of 1.31.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its earnings results on Wednesday, February 12th. The transportation company reported $1.68 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.06). Westinghouse Air Brake Technologies had a net margin of 10.17% and a return on equity of 12.78%. On average, research analysts forecast that Westinghouse Air Brake Technologies will post 8.54 EPS for the current year.

Westinghouse Air Brake Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.56%. 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 payout ratio is 16.58%.

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.