Westinghouse Air Brake Technologies Co. (NYSE:WAB) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB - Get Free Report) have been given a consensus rating of "Moderate Buy" by the six analysts that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $211.83.

A number of research firms have issued reports on WAB. JPMorgan Chase & Co. upped their target price on shares of Westinghouse Air Brake Technologies from $175.00 to $194.00 and gave the company a "neutral" rating in a report on Thursday, April 24th. Stephens reiterated an "overweight" rating and set a $220.00 price objective on shares of Westinghouse Air Brake Technologies in a report on Thursday, February 13th. Wall Street Zen upgraded shares of Westinghouse Air Brake Technologies from a "hold" rating to a "buy" rating in a report on Tuesday, May 6th. Susquehanna cut their price objective on shares of Westinghouse Air Brake Technologies from $218.00 to $210.00 and set a "positive" rating on the stock in a report on Thursday, April 24th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $201.00 price objective (up from $175.00) on shares of Westinghouse Air Brake Technologies in a report on Wednesday, April 23rd.

Insider Buying and Selling

In other Westinghouse Air Brake Technologies news, VP David L. Deninno sold 3,000 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $201.05, for a total value of $603,150.00. Following the completion of the sale, the vice president now owns 60,450 shares of the company's stock, valued at $12,153,472.50. This trade represents a 4.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Eric Gebhardt sold 6,151 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $202.39, for a total transaction of $1,244,900.89. Following the completion of the sale, the chief technology officer now directly owns 18,697 shares of the company's stock, valued at $3,784,085.83. This trade represents a 24.75% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 98,289 shares of company stock valued at $18,950,281. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Westinghouse Air Brake Technologies

Several large investors have recently bought and sold shares of the company. Putney Financial Group LLC acquired a new stake in shares of Westinghouse Air Brake Technologies during the fourth quarter worth approximately $52,000. MassMutual Private Wealth & Trust FSB grew its position in shares of Westinghouse Air Brake Technologies by 9.8% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 630 shares of the transportation company's stock worth $114,000 after buying an additional 56 shares in the last quarter. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Westinghouse Air Brake Technologies during the fourth quarter worth approximately $204,000. GF Fund Management CO. LTD. acquired a new stake in shares of Westinghouse Air Brake Technologies during the fourth quarter worth approximately $205,000. Finally, Catalyst Funds Management Pty Ltd grew its position in shares of Westinghouse Air Brake Technologies by 200.0% during the fourth quarter. Catalyst Funds Management Pty Ltd now owns 1,800 shares of the transportation company's stock worth $341,000 after buying an additional 1,200 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company's stock.

Westinghouse Air Brake Technologies Price Performance

Westinghouse Air Brake Technologies stock opened at $206.36 on Friday. Westinghouse Air Brake Technologies has a 52 week low of $147.66 and a 52 week high of $210.88. The company has a quick ratio of 0.69, a current ratio of 1.30 and a debt-to-equity ratio of 0.34. The firm's 50-day simple moving average is $187.70 and its 200 day simple moving average is $191.59. The firm has a market capitalization of $35.31 billion, a PE ratio of 34.22, a P/E/G ratio of 1.50 and a beta of 1.12.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.28 EPS for the quarter, topping the consensus estimate of $2.03 by $0.25. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.61 billion. Westinghouse Air Brake Technologies had a net margin of 10.17% and a return on equity of 12.78%. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.89 EPS. On average, equities research analysts predict that Westinghouse Air Brake Technologies will post 8.54 EPS for the current fiscal year.

Westinghouse Air Brake Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Tuesday, May 27th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.48%. Westinghouse Air Brake Technologies's dividend payout ratio (DPR) is presently 15.67%.

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.

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