Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six brokerages that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $211.83.
Several research analysts recently weighed in on WAB shares. Susquehanna dropped their price objective on shares of Westinghouse Air Brake Technologies from $218.00 to $210.00 and set a "positive" rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. lifted their target price on Westinghouse Air Brake Technologies from $175.00 to $194.00 and gave the company a "neutral" rating in a research note on Thursday, April 24th. Wall Street Zen upgraded Westinghouse Air Brake Technologies from a "hold" rating to a "buy" rating in a research report on Tuesday, May 6th. Stephens reiterated an "overweight" rating and issued a $220.00 price target on shares of Westinghouse Air Brake Technologies in a report on Thursday, February 13th. Finally, The Goldman Sachs Group reissued 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.
Get Our Latest Analysis on WAB
Westinghouse Air Brake Technologies Price Performance
Shares of NYSE:WAB traded down $0.97 during midday trading on Friday, reaching $204.41. The company's stock had a trading volume of 646,921 shares, compared to its average volume of 1,072,532. The business's fifty day simple moving average is $188.71 and its 200-day simple moving average is $191.66. 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 has a fifty-two week low of $147.66 and a fifty-two week high of $210.88. The company has a market capitalization of $34.98 billion, a P/E ratio of 33.90, a P/E/G ratio of 1.50 and a beta of 1.12.
Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.25. Westinghouse Air Brake Technologies had a net margin of 10.17% and a return on equity of 12.78%. The firm had revenue of $2.61 billion during the quarter, compared to analysts' expectations of $2.61 billion. During the same quarter last year, the company posted $1.89 EPS. The company's quarterly revenue was up 4.5% compared to the same quarter last year. As a group, equities research analysts expect that Westinghouse Air Brake Technologies will post 8.54 EPS for the current fiscal year.
Westinghouse Air Brake Technologies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Tuesday, May 27th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.49%. Westinghouse Air Brake Technologies's dividend payout ratio (DPR) is presently 15.67%.
Insider Activity at Westinghouse Air Brake Technologies
In other news, CTO Eric Gebhardt sold 6,151 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $202.39, for a total value of $1,244,900.89. Following the completion of the transaction, the chief technology officer now owns 18,697 shares of the company's stock, valued at $3,784,085.83. The trade was a 24.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rafael Santana sold 68,833 shares of the company's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $191.70, for a total transaction of $13,195,286.10. Following the completion of the sale, the chief executive officer now owns 145,616 shares of the company's stock, valued at approximately $27,914,587.20. This represents a 32.10% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 98,289 shares of company stock worth $18,950,281. 1.10% of the stock is owned by insiders.
Hedge Funds Weigh In On Westinghouse Air Brake Technologies
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Putney Financial Group LLC bought a new stake in shares of Westinghouse Air Brake Technologies in the fourth quarter valued at about $52,000. MassMutual Private Wealth & Trust FSB lifted its stake in Westinghouse Air Brake Technologies by 9.8% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 630 shares of the transportation company's stock valued at $114,000 after acquiring an additional 56 shares in the last quarter. Dorsey & Whitney Trust CO LLC bought a new stake in Westinghouse Air Brake Technologies in the 4th quarter valued at approximately $204,000. GF Fund Management CO. LTD. acquired a new position in Westinghouse Air Brake Technologies during the 4th quarter worth approximately $205,000. Finally, Catalyst Funds Management Pty Ltd grew its stake in shares of Westinghouse Air Brake Technologies by 200.0% during the 4th 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 in the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.
Westinghouse Air Brake Technologies Company Profile
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Get Free ReportWestinghouse 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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