Westinghouse Air Brake Technologies Co. (NYSE:WAB) Receives $211.83 Average Price Target from Analysts

Westinghouse Air Brake Technologies Co. (NYSE:WAB - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the six ratings firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $211.83.

WAB has been the topic of a number of recent analyst reports. Stephens reiterated an "overweight" rating and issued a $220.00 price objective on shares of Westinghouse Air Brake Technologies in a report on Thursday, February 13th. JPMorgan Chase & Co. upped their price target on Westinghouse Air Brake Technologies from $175.00 to $194.00 and gave the stock a "neutral" rating in a research note on Thursday, April 24th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $201.00 price objective (up previously from $175.00) on shares of Westinghouse Air Brake Technologies in a research report on Wednesday, April 23rd. Susquehanna dropped their target price on 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, StockNews.com raised Westinghouse Air Brake Technologies from a "hold" rating to a "buy" rating in a report on Tuesday, May 6th.

Westinghouse Air Brake Technologies Stock Up 0.5%

Shares of NYSE:WAB traded up $1.02 on Tuesday, reaching $204.80. The company had a trading volume of 823,860 shares, compared to its average volume of 1,092,089. 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 has a market capitalization of $35.05 billion, a PE ratio of 33.96, a PEG ratio of 1.50 and a beta of 1.12. Westinghouse Air Brake Technologies has a 52-week low of $147.66 and a 52-week high of $210.88. The firm's 50 day simple moving average is $180.76 and its 200-day simple moving average is $190.63.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.28 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.25. The company had revenue of $2.61 billion during the quarter, compared to analysts' expectations of $2.61 billion. Westinghouse Air Brake Technologies had a return on equity of 12.78% and a net margin of 10.17%. The firm's revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.89 EPS. As a group, analysts expect that Westinghouse Air Brake Technologies will post 8.54 earnings per share for the current fiscal year.

Westinghouse Air Brake Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Tuesday, May 27th will be issued 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 is currently 15.67%.

Insider Activity

In other Westinghouse Air Brake Technologies news, CEO Rafael Santana sold 886 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $185.07, for a total value of $163,972.02. Following the completion of the sale, the chief executive officer now directly owns 201,558 shares of the company's stock, valued at $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 SEC, which is available at this hyperlink. Also, insider Rogerio Mendonca sold 4,033 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $200.04, for a total transaction of $806,761.32. Following the sale, the insider now directly owns 11,535 shares of the company's stock, valued at approximately $2,307,461.40. This represents a 25.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 90,024 shares of company stock worth $17,263,784 over the last 90 days. 1.10% of the stock is owned by company insiders.

Institutional Trading of Westinghouse Air Brake Technologies

Several large investors have recently modified their holdings of the company. Longboard Asset Management LP bought a new stake in Westinghouse Air Brake Technologies in the 4th quarter valued at $252,000. Pacer Advisors Inc. lifted its holdings in shares of Westinghouse Air Brake Technologies by 88.8% during the 4th quarter. Pacer Advisors Inc. now owns 31,811 shares of the transportation company's stock worth $6,031,000 after acquiring an additional 14,959 shares during the period. Longbow Finance SA bought a new position in shares of Westinghouse Air Brake Technologies during the 4th quarter worth about $4,312,000. AGF Management Ltd. acquired a new stake in shares of Westinghouse Air Brake Technologies during the 4th quarter worth about $10,566,000. Finally, Harvest Fund Management Co. Ltd increased its position in shares of Westinghouse Air Brake Technologies by 114.7% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 3,907 shares of the transportation company's stock worth $741,000 after purchasing an additional 2,087 shares in the last quarter. 91.69% of the stock is owned by institutional investors.

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.