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

Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) have been given an average recommendation of “Moderate Buy” by the ten brokerages that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $175.30.

Several research analysts recently weighed in on the stock. Stephens lifted their price objective on shares of 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. The Goldman Sachs Group upped their price objective on shares of Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. KeyCorp lifted their target price on Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Finally, Susquehanna increased their price target on Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the stock a “positive” rating in a report on Monday, October 21st.

Insider Transactions at Westinghouse Air Brake Technologies

In other news, VP David L. Deninno sold 10,000 shares of the firm’s 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 completion of the transaction, the vice president now owns 55,352 shares in the company, valued at $10,439,387.20. This trade represents a 15.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO John A. Mastalerz, Jr. sold 2,796 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $199.71, for a total value of $558,389.16. Following the sale, the chief accounting officer now owns 5,683 shares in the company, valued at $1,134,951.93. The trade was a 32.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,393 shares of company stock valued at $9,350,243 in the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Westinghouse Air Brake Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Pinnacle Bancorp Inc. increased its position 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 worth $28,000 after buying an additional 55 shares during the last quarter. Eastern Bank acquired a new position in shares of Westinghouse Air Brake Technologies during the 3rd quarter worth approximately $33,000. Garde Capital Inc. bought a new stake in Westinghouse Air Brake Technologies in the 3rd quarter valued at $110,000. Camden National Bank acquired a new stake in Westinghouse Air Brake Technologies during the 3rd quarter valued at $222,000. Finally, Harvest Fund Management Co. Ltd boosted its position in Westinghouse Air Brake Technologies by 10.4% during 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 during the period. 91.69% of the stock is owned by institutional investors.

Westinghouse Air Brake Technologies Price Performance

Shares of WAB stock opened at $190.27 on Friday. The firm’s 50 day moving average price is $195.58 and its two-hundred day moving average price is $175.73. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.65 and a current ratio of 1.30. Westinghouse Air Brake Technologies has a 52-week low of $123.00 and a 52-week high of $207.51. The stock has a market cap of $32.71 billion, a PE ratio of 31.71, a PEG ratio of 1.45 and a beta of 1.26.

Westinghouse Air Brake Technologies (NYSE:WAB) last announced its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.13. Westinghouse Air Brake Technologies had a return on equity of 12.52% and a net margin of 10.25%. The business had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.68 billion. During the same period in the previous year, the firm earned $1.70 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, analysts forecast that Westinghouse Air Brake Technologies will post 7.6 EPS for the current year.

Westinghouse Air Brake Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend was Wednesday, November 13th. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is currently 13.33%.

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.