Westinghouse Air Brake Technologies Co. (NYSE:WAB) Receives $211.83 Average PT from Brokerages

Westinghouse Air Brake Technologies Co. (NYSE:WAB - Get Free Report) has been assigned an average rating of "Moderate Buy" from the six ratings firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $211.83.

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

Westinghouse Air Brake Technologies Trading Up 0.7%

WAB stock traded up $1.52 during mid-day trading on Tuesday, reaching $205.76. 982,882 shares of the stock traded hands, compared to its average volume of 1,091,646. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.69 and a current ratio of 1.30. Westinghouse Air Brake Technologies has a one year low of $147.66 and a one year high of $210.88. The stock has a market capitalization of $35.21 billion, a PE ratio of 34.12, a PEG ratio of 1.50 and a beta of 1.12. The business has a 50-day moving average price of $181.95 and a two-hundred day moving average price of $190.86.

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 analysts' consensus estimates of $2.03 by $0.25. The business had revenue of $2.61 billion for the quarter, compared to analysts' expectations 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 was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.89 earnings per share. Equities research analysts expect that Westinghouse Air Brake Technologies will post 8.54 EPS for the current year.

Westinghouse Air Brake Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Tuesday, May 27th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.49%. Westinghouse Air Brake Technologies's payout ratio is 15.67%.

Insider Buying and Selling at Westinghouse Air Brake Technologies

In other Westinghouse Air Brake Technologies news, CEO Rafael Santana sold 886 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $182.34, for a total transaction of $161,553.24. Following the completion of the sale, the chief executive officer now directly owns 176,295 shares of the company's stock, valued at approximately $32,145,630.30. This represents a 0.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Rogerio Mendonca sold 4,033 shares of the stock in a transaction dated Monday, May 12th. The shares were 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. The trade was a 25.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 90,024 shares of company stock valued at $17,263,784. 1.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Westinghouse Air Brake Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB raised its position in shares of 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 purchasing an additional 56 shares during the last quarter. Greenleaf Trust raised its position in shares of Westinghouse Air Brake Technologies by 2.8% in the 1st quarter. Greenleaf Trust now owns 3,437 shares of the transportation company's stock valued at $623,000 after purchasing an additional 93 shares during the last quarter. Hillsdale Investment Management Inc. raised its position in shares of Westinghouse Air Brake Technologies by 3.8% in the 4th quarter. Hillsdale Investment Management Inc. now owns 5,400 shares of the transportation company's stock valued at $1,024,000 after purchasing an additional 200 shares during the last quarter. Putney Financial Group LLC purchased a new position in shares of Westinghouse Air Brake Technologies in the 4th quarter valued at approximately $52,000. Finally, DnB Asset Management AS raised its position in shares of Westinghouse Air Brake Technologies by 0.9% in the 4th quarter. DnB Asset Management AS now owns 48,101 shares of the transportation company's stock valued at $9,119,000 after purchasing an additional 414 shares during the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

About Westinghouse Air Brake Technologies

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.