Westinghouse Air Brake Technologies Co. (NYSE:WAB) Receives Consensus Rating of "Moderate Buy" from Analysts

Westinghouse Air Brake Technologies Co. (NYSE:WAB - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $201.86.

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. initiated coverage on shares of Westinghouse Air Brake Technologies in a research report on Thursday, April 10th. They set a "neutral" rating and a $175.00 price objective for the company. Bank of America lifted their price objective 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. Stephens reiterated an "overweight" rating and set a $220.00 price target on shares of Westinghouse Air Brake Technologies in a research note on Thursday, February 13th. Finally, StockNews.com cut shares of Westinghouse Air Brake Technologies from a "buy" rating to a "hold" rating in a report on Monday, March 3rd.

Insider Activity

In other Westinghouse Air Brake Technologies news, CEO Rafael Santana sold 886 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $185.07, for a total transaction of $163,972.02. Following the completion of the sale, the chief executive officer now owns 201,558 shares of the company's stock, valued at approximately $37,302,339.06. The trade was a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On Westinghouse Air Brake Technologies

Institutional investors have recently added to or reduced their stakes in the company. Putney Financial Group LLC purchased a new stake in Westinghouse Air Brake Technologies during the fourth quarter valued at about $52,000. Garde Capital Inc. acquired a new position in shares of Westinghouse Air Brake Technologies during the third quarter worth about $110,000. MassMutual Private Wealth & Trust FSB lifted its stake 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 purchasing an additional 56 shares in the last quarter. Dorsey & Whitney Trust CO LLC acquired a new position in shares of Westinghouse Air Brake Technologies in the fourth quarter worth about $204,000. Finally, GF Fund Management CO. LTD. acquired a new position in shares of Westinghouse Air Brake Technologies in the fourth quarter worth about $205,000. Hedge funds and other institutional investors own 91.69% of the company's stock.

Westinghouse Air Brake Technologies Trading Up 8.9 %

WAB traded up $15.37 during mid-day trading on Friday, hitting $187.13. 457,922 shares of the stock were exchanged, compared to its average volume of 1,131,590. The company has a market cap of $31.99 billion, a PE ratio of 31.03, a PEG ratio of 1.50 and a beta of 1.14. The company has a current ratio of 1.30, a quick ratio of 0.69 and a debt-to-equity ratio of 0.34. The firm's fifty day moving average is $178.75 and its two-hundred day moving average is $190.33. Westinghouse Air Brake Technologies has a 1-year low of $147.66 and a 1-year high of $210.88.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.28 earnings per share for the quarter, beating analysts' consensus estimates of $2.01 by $0.27. Westinghouse Air Brake Technologies had a net margin of 10.17% and a return on equity of 12.78%. Equities analysts forecast that Westinghouse Air Brake Technologies will post 8.54 earnings per share for the current fiscal year.

Westinghouse Air Brake Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.53%. This is an increase from Westinghouse Air Brake Technologies's previous quarterly dividend of $0.20. Westinghouse Air Brake Technologies's payout ratio is currently 16.58%.

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.