Westinghouse Air Brake Technologies (NYSE:WAB) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Westinghouse Air Brake Technologies Co. (NYSE:WAB - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $190.30 and traded as high as $192.54. Westinghouse Air Brake Technologies shares last traded at $191.33, with a volume of 663,536 shares trading hands.

Analysts Set New Price Targets

WAB has been the topic of a number of research reports. Bank of America lifted their price objective on Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. StockNews.com raised shares of Westinghouse Air Brake Technologies from a "hold" rating to a "buy" rating in a research note on Tuesday. Stephens restated an "overweight" rating and set a $220.00 target price on shares of Westinghouse Air Brake Technologies in a research report on Thursday, February 13th. JPMorgan Chase & Co. upped their price objective on Westinghouse Air Brake Technologies from $175.00 to $194.00 and gave the company a "neutral" rating in a research report on Thursday, April 24th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $201.00 target price (up previously from $175.00) on shares of Westinghouse Air Brake Technologies in a report on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $211.83.

Westinghouse Air Brake Technologies Stock Performance

The firm has a market cap of $33.11 billion, a PE ratio of 32.09, a price-to-earnings-growth ratio of 1.50 and a beta of 1.12. 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 business has a 50 day simple moving average of $178.83 and a two-hundred day simple moving average of $190.30.

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 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 10.17% and a return on equity of 12.78%. The firm's quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.89 EPS. As a group, equities research analysts forecast that Westinghouse Air Brake Technologies Co. will post 8.54 earnings per share for the current fiscal year.

Westinghouse Air Brake Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.52%. This is a boost from Westinghouse Air Brake Technologies's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, February 21st. Westinghouse Air Brake Technologies's dividend payout ratio is currently 15.67%.

Insider Activity at Westinghouse Air Brake Technologies

In other news, CEO Rafael Santana sold 68,833 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $191.70, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP David L. Deninno sold 3,000 shares of Westinghouse Air Brake Technologies stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $191.82, for a total transaction of $575,460.00. Following the transaction, the vice president now directly owns 63,450 shares in the company, valued at approximately $12,170,979. The trade was a 4.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 85,105 shares of company stock worth $16,276,216 over the last three months. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Westinghouse Air Brake Technologies

Large investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its position in Westinghouse Air Brake Technologies by 2.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 20,459 shares of the transportation company's stock valued at $3,879,000 after acquiring an additional 532 shares during the last quarter. Pacer Advisors Inc. grew its stake in 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 buying an additional 14,959 shares during the last quarter. Greenleaf Trust increased its position in Westinghouse Air Brake Technologies by 2.9% during the 4th quarter. Greenleaf Trust now owns 3,344 shares of the transportation company's stock valued at $634,000 after buying an additional 94 shares in the last quarter. Longboard Asset Management LP purchased a new stake in Westinghouse Air Brake Technologies in the fourth quarter valued at about $252,000. Finally, Longbow Finance SA purchased a new stake in shares of Westinghouse Air Brake Technologies during the fourth quarter worth about $4,312,000. 91.69% of the stock is currently owned by 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.