Westinghouse Air Brake Technologies (NYSE:WAB) Research Coverage Started at JPMorgan Chase & Co.

JPMorgan Chase & Co. initiated coverage on shares of Westinghouse Air Brake Technologies (NYSE:WAB) in a research report sent to investors on Thursday, MarketBeat.com reports. The firm issued a neutral rating and a $175.00 target price on the transportation company’s stock.

WAB has been the topic of several other reports. Stephens reaffirmed an “overweight” rating and issued a $220.00 target price on shares of Westinghouse Air Brake Technologies in a research report on Thursday, February 13th. StockNews.com cut shares of Westinghouse Air Brake Technologies from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Finally, Bank of America boosted their target price on shares of 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. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Westinghouse Air Brake Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $201.86.

Westinghouse Air Brake Technologies Trading Up 1.9 %

NYSE WAB opened at $171.94 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.69 and a current ratio of 1.30. Westinghouse Air Brake Technologies has a one year low of $143.22 and a one year high of $210.88. The company has a 50-day simple moving average of $183.29 and a 200-day simple moving average of $190.86. The firm has a market capitalization of $29.39 billion, a PE ratio of 28.51, a price-to-earnings-growth ratio of 1.50 and a beta of 1.14.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued 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, equities analysts forecast that Westinghouse Air Brake Technologies will post 8.54 earnings per share for the current year.

Westinghouse Air Brake Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were issued a $0.25 dividend. The ex-dividend date was Friday, February 21st. This is a boost from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a dividend yield of 0.58%. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is 16.58%.

Insider Buying and Selling

In other Westinghouse Air Brake Technologies news, CEO Rafael Santana sold 886 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $182.34, for a total value of $161,553.24. Following the sale, the chief executive officer now directly owns 176,295 shares in the company, valued at approximately $32,145,630.30. The trade was a 0.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Westinghouse Air Brake Technologies

Several hedge funds have recently made changes to their positions in WAB. Rhumbline Advisers raised its position in shares of Westinghouse Air Brake Technologies by 3.0% during the first quarter. Rhumbline Advisers now owns 313,459 shares of the transportation company’s stock worth $56,846,000 after purchasing an additional 9,041 shares during the period. Lord Abbett & CO. LLC acquired a new stake in Westinghouse Air Brake Technologies during the 3rd quarter worth about $24,630,000. KLP Kapitalforvaltning AS acquired a new stake in Westinghouse Air Brake Technologies during the 4th quarter worth about $22,509,000. AGF Management Ltd. purchased a new stake in Westinghouse Air Brake Technologies during the fourth quarter valued at about $10,566,000. Finally, DnB Asset Management AS boosted its holdings in shares of Westinghouse Air Brake Technologies by 0.9% in the fourth quarter. DnB Asset Management AS now owns 48,101 shares of the transportation company’s stock worth $9,119,000 after buying an additional 414 shares during the period. Institutional investors and hedge funds 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.