StockNews.com Downgrades Westinghouse Air Brake Technologies (NYSE:WAB) to Hold

Westinghouse Air Brake Technologies (NYSE:WAB) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Monday.

A number of other brokerages also recently commented on WAB. 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 research report on Wednesday, November 13th. Bank of America raised their price target on Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Finally, Stephens reiterated an “overweight” rating and issued a $220.00 price objective on shares of Westinghouse Air Brake Technologies in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $206.33.

Westinghouse Air Brake Technologies Stock Performance

Westinghouse Air Brake Technologies stock opened at $177.60 on Monday. Westinghouse Air Brake Technologies has a 1-year low of $139.12 and a 1-year high of $210.88. The stock has a market cap of $30.34 billion, a price-to-earnings ratio of 29.45, a price-to-earnings-growth ratio of 1.50 and a beta of 1.27. The firm has a 50 day simple moving average of $195.97 and a 200-day simple moving average of $189.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.69.

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

Insiders Place Their Bets

In other Westinghouse Air Brake Technologies news, CEO Rafael Santana sold 886 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 176,295 shares in the company, valued at approximately $32,145,630.30. The trade was a 0.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.10% of the stock is owned by company insiders.

Institutional Trading of Westinghouse Air Brake Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Putney Financial Group LLC acquired a new position in Westinghouse Air Brake Technologies during the fourth quarter valued at $52,000. Garde Capital Inc. acquired a new position in Westinghouse Air Brake Technologies during the 3rd quarter worth about $110,000. Dorsey & Whitney Trust CO LLC bought a new stake in shares of Westinghouse Air Brake Technologies during the fourth quarter worth $204,000. GF Fund Management CO. LTD. acquired a new position in shares of Westinghouse Air Brake Technologies during the 4th quarter worth about $205,000. Finally, Camden National Bank bought a new stake in shares of Westinghouse Air Brake Technologies in the third quarter worth about $222,000. 91.69% of the stock is currently owned by institutional investors.

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.