Westinghouse Air Brake Technologies (NYSE:WAB) Price Target Raised to $220.00

Westinghouse Air Brake Technologies (NYSE:WAB) had its price target upped by Susquehanna from $190.00 to $220.00 in a research note published on Monday, Benzinga reports. They currently have a positive rating on the transportation company’s stock.

Separately, Bank of America upped their price target on shares of Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $166.90.

Westinghouse Air Brake Technologies Trading Down 0.6 %

Shares of Westinghouse Air Brake Technologies stock opened at $189.97 on Monday. Westinghouse Air Brake Technologies has a 52-week low of $98.70 and a 52-week high of $192.48. The company has a quick ratio of 0.73, a current ratio of 1.38 and a debt-to-equity ratio of 0.33. The company’s 50-day simple moving average is $172.75 and its 200-day simple moving average is $164.65. The firm has a market cap of $33.28 billion, a price-to-earnings ratio of 33.42, a price-to-earnings-growth ratio of 1.59 and a beta of 1.27.

Westinghouse Air Brake Technologies (NYSE:WAB) last released its quarterly earnings data on Wednesday, July 24th. The transportation company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.08. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.64 billion. Westinghouse Air Brake Technologies had a net margin of 9.94% and a return on equity of 12.05%. The firm’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.41 earnings per share. As a group, equities research analysts anticipate that Westinghouse Air Brake Technologies will post 7.46 earnings per share for the current year.

Westinghouse Air Brake Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.80 dividend on an annualized basis and a yield of 0.42%. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is 14.04%.

Insider Buying and Selling at Westinghouse Air Brake Technologies

In other news, insider Alicia Hammersmith sold 4,169 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $165.54, for a total value of $690,136.26. Following the transaction, the insider now directly owns 5,606 shares in the company, valued at approximately $928,017.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Brian Hehir sold 1,000 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $161.62, for a total value of $161,620.00. Following the sale, the director now owns 23,230 shares of the company’s stock, valued at $3,754,432.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alicia Hammersmith sold 4,169 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $165.54, for a total transaction of $690,136.26. Following the completion of the sale, the insider now directly owns 5,606 shares in the company, valued at approximately $928,017.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,392 shares of company stock worth $2,754,390 in the last ninety days. 1.10% of the stock is owned by insiders.

Institutional Trading of Westinghouse Air Brake Technologies

A number of large investors have recently modified their holdings of the company. BNP Paribas Financial Markets increased its stake in Westinghouse Air Brake Technologies by 107.8% during the 1st quarter. BNP Paribas Financial Markets now owns 170,248 shares of the transportation company’s stock valued at $24,802,000 after buying an additional 88,325 shares during the period. Forsta AP Fonden increased its stake in Westinghouse Air Brake Technologies by 64.5% during the 1st quarter. Forsta AP Fonden now owns 53,300 shares of the transportation company’s stock valued at $7,765,000 after buying an additional 20,900 shares during the period. Plato Investment Management Ltd increased its stake in Westinghouse Air Brake Technologies by 59,168.4% during the 1st quarter. Plato Investment Management Ltd now owns 11,261 shares of the transportation company’s stock valued at $1,641,000 after buying an additional 11,242 shares during the period. Border to Coast Pensions Partnership Ltd increased its stake in Westinghouse Air Brake Technologies by 4.5% during the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 201,011 shares of the transportation company’s stock valued at $36,431,000 after buying an additional 8,575 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of Westinghouse Air Brake Technologies by 2.1% in the 2nd quarter. Rhumbline Advisers now owns 335,483 shares of the transportation company’s stock worth $53,023,000 after purchasing an additional 7,012 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

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.