Analysts Set Wabtec (NYSE:WAB) PT at $216.00

Shares of Wabtec (NYSE:WAB - Get Free Report) have received a consensus rating of "Moderate Buy" from the six brokerages that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $216.00.

A number of equities analysts recently issued reports on WAB shares. Susquehanna reduced their target price on Wabtec from $218.00 to $210.00 and set a "positive" rating for the company in a research note on Thursday, April 24th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $201.00 target price (up previously from $175.00) on shares of Wabtec in a research report on Wednesday, April 23rd. Bank of America raised their price target on shares of Wabtec from $217.00 to $231.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. KeyCorp reaffirmed an "overweight" rating and issued a $240.00 price objective (up from $220.00) on shares of Wabtec in a report on Tuesday, June 24th. Finally, Wall Street Zen lowered shares of Wabtec from a "buy" rating to a "hold" rating in a research note on Friday, June 27th.

Insiders Place Their Bets

In other news, CTO Eric Gebhardt sold 6,151 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $202.39, for a total transaction of $1,244,900.89. Following the sale, the chief technology officer directly owned 18,697 shares in the company, valued at $3,784,085.83. This trade represents a 24.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rogerio Mendonca sold 4,033 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $200.04, for a total value of $806,761.32. Following the transaction, the insider owned 11,535 shares in the company, valued at $2,307,461.40. This represents a 25.91% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,588 shares of company stock valued at $19,832,997. Insiders own 1.10% of the company's stock.

Institutional Trading of Wabtec

Several institutional investors have recently modified their holdings of WAB. Dorsey & Whitney Trust CO LLC acquired a new position in shares of Wabtec during the 4th quarter worth about $204,000. AGF Management Ltd. purchased a new position in shares of Wabtec in the fourth quarter valued at approximately $10,566,000. Catalyst Funds Management Pty Ltd boosted its stake in shares of Wabtec by 200.0% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 1,800 shares of the transportation company's stock worth $341,000 after acquiring an additional 1,200 shares during the last quarter. Twin Tree Management LP increased its position in shares of Wabtec by 108.8% during the fourth quarter. Twin Tree Management LP now owns 2,960 shares of the transportation company's stock worth $561,000 after purchasing an additional 36,435 shares in the last quarter. Finally, Cibc World Markets Corp lifted its holdings in Wabtec by 14.4% in the 4th quarter. Cibc World Markets Corp now owns 27,266 shares of the transportation company's stock valued at $5,169,000 after purchasing an additional 3,441 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company's stock.

Wabtec Stock Up 2.1%

Shares of WAB stock traded up $4.47 during trading hours on Wednesday, reaching $213.81. 1,244,555 shares of the company's stock were exchanged, compared to its average volume of 1,071,886. Wabtec has a 1 year low of $147.66 and a 1 year high of $213.93. The company has a current ratio of 1.34, a quick ratio of 0.73 and a debt-to-equity ratio of 0.34. The stock has a market cap of $36.59 billion, a PE ratio of 33.51, a PEG ratio of 1.55 and a beta of 1.12. The stock's fifty day moving average price is $199.27 and its two-hundred day moving average price is $191.91.

Wabtec (NYSE:WAB - Get Free Report) last released its earnings results on Wednesday, April 23rd. The transportation company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.25. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.61 billion. Wabtec had a net margin of 10.53% and a return on equity of 13.35%. Wabtec's revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.89 EPS. Research analysts predict that Wabtec will post 8.54 EPS for the current year.

Wabtec Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Tuesday, May 27th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.47%. Wabtec's dividend payout ratio is presently 15.67%.

About Wabtec

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.