Westinghouse Air Brake Technologies (NYSE:WAB) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Westinghouse Air Brake Technologies Co. (NYSE:WAB)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $176.58 and traded as high as $194.26. Westinghouse Air Brake Technologies shares last traded at $194.16, with a volume of 321,609 shares changing hands.

Wall Street Analyst Weigh In

WAB has been the subject of several recent analyst reports. Stephens upped their target price on shares of Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Susquehanna increased their price objective 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. KeyCorp lifted their target price on Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Finally, The Goldman Sachs Group increased 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. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $175.30.

Westinghouse Air Brake Technologies Trading Up 1.4 %

The company has a current ratio of 1.30, a quick ratio of 0.65 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $33.37 billion, a price-to-earnings ratio of 32.36, a PEG ratio of 1.45 and a beta of 1.26. The firm has a 50-day moving average price of $195.99 and a 200-day moving average price of $176.58.

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

Westinghouse Air Brake Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date was Wednesday, November 13th. Westinghouse Air Brake Technologies’s payout ratio is 13.33%.

Insider Buying and Selling at Westinghouse Air Brake Technologies

In other news, Director Albert J. Neupaver sold 35,722 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $188.70, for a total transaction of $6,740,741.40. Following the sale, the director now owns 614,447 shares in the company, valued at $115,946,148.90. The trade was a 5.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO John A. Mastalerz, Jr. sold 2,796 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $199.71, for a total transaction of $558,389.16. Following the completion of the transaction, the chief accounting officer now directly owns 5,683 shares of the company’s stock, valued at $1,134,951.93. This represents a 32.98 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,393 shares of company stock valued at $9,350,243. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Westinghouse Air Brake Technologies

Hedge funds have recently modified their holdings of the business. Pinnacle Bancorp Inc. boosted its holdings in shares of 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 purchasing an additional 55 shares during the period. Eastern Bank acquired a new stake in shares of Westinghouse Air Brake Technologies during the 3rd quarter valued at $33,000. Garde Capital Inc. purchased a new position in shares of Westinghouse Air Brake Technologies during the 3rd quarter valued at $110,000. Camden National Bank acquired a new position in shares of Westinghouse Air Brake Technologies in the third quarter worth $222,000. Finally, Harvest Fund Management Co. Ltd raised its holdings in shares of 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 acquiring an additional 172 shares in the last quarter. 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.