Brokerages Set Westinghouse Air Brake Technologies Co. (NYSE:WAB) Price Target at $175.30

Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) have earned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $175.30.

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

Insider Activity

In other Westinghouse Air Brake Technologies 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 completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP David L. Deninno sold 875 shares of the 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 $165,112.50. Following the completion of the sale, the vice president now directly owns 55,352 shares in the company, valued at approximately $10,444,922.40. This represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,393 shares of company stock worth $9,350,243. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Westinghouse Air Brake Technologies

Several institutional investors have recently modified their holdings of WAB. iA Global Asset Management Inc. lifted its holdings in Westinghouse Air Brake Technologies by 21.5% during the 3rd quarter. iA Global Asset Management Inc. now owns 18,613 shares of the transportation company’s stock worth $3,383,000 after buying an additional 3,288 shares during the last quarter. Border to Coast Pensions Partnership Ltd raised its position in shares of Westinghouse Air Brake Technologies by 4.5% during the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 201,011 shares of the transportation company’s stock worth $36,431,000 after acquiring an additional 8,575 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Westinghouse Air Brake Technologies by 5.2% during the third quarter. BNP Paribas Financial Markets now owns 278,729 shares of the transportation company’s stock worth $50,665,000 after purchasing an additional 13,683 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Westinghouse Air Brake Technologies in the third quarter valued at approximately $7,128,000. Finally, Rhumbline Advisers increased its stake in Westinghouse Air Brake Technologies by 2.1% in the second quarter. Rhumbline Advisers now owns 335,483 shares of the transportation company’s stock valued at $53,023,000 after purchasing an additional 7,012 shares during the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

Westinghouse Air Brake Technologies Stock Up 1.3 %

WAB stock opened at $202.32 on Friday. The firm has a market cap of $34.78 billion, a PE ratio of 33.72, a PEG ratio of 1.45 and a beta of 1.26. Westinghouse Air Brake Technologies has a one year low of $121.85 and a one year high of $207.51. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.65 and a current ratio of 1.30. The firm’s 50 day moving average price is $195.14 and its 200-day moving average price is $175.42.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its earnings results on Wednesday, October 23rd. The transportation company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.13. The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.68 billion. Westinghouse Air Brake Technologies had a return on equity of 12.52% and a net margin of 10.25%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.70 earnings per share. On average, equities research analysts anticipate that Westinghouse Air Brake Technologies will post 7.6 EPS for the current year.

Westinghouse Air Brake Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.80 annualized dividend and a dividend yield of 0.40%. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is 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.