Westinghouse Air Brake Technologies Co. (NYSE:WAB) Receives Average Recommendation of “Moderate Buy” from Analysts

Westinghouse Air Brake Technologies Co. (NYSE:WAB) has been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $175.30.

A number of analysts have weighed in on the stock. Susquehanna raised their target price on shares of Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the company a “positive” rating in a research report on Monday, October 21st. KeyCorp raised their price objective on Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. The Goldman Sachs Group upped their target price on Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Finally, Stephens lifted their price target on Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th.

Insider Buying and Selling

In related news, CAO John A. Mastalerz, Jr. sold 2,796 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $199.71, for a total transaction of $558,389.16. Following the sale, the chief accounting officer now owns 5,683 shares in the company, valued at $1,134,951.93. This represents a 32.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David L. Deninno sold 10,000 shares of Westinghouse Air Brake Technologies stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $188.60, for a total value of $1,886,000.00. Following the completion of the sale, the vice president now owns 55,352 shares of the company’s stock, valued at approximately $10,439,387.20. The trade was a 15.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,393 shares of company stock valued at $9,350,243 over the last ninety days. 1.10% of the stock is owned by company insiders.

Institutional Trading of Westinghouse Air Brake Technologies

Large investors have recently modified their holdings of the stock. Pinnacle Bancorp Inc. grew its stake in shares of Westinghouse Air Brake Technologies by 55.0% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 155 shares of the transportation company’s stock valued at $28,000 after buying an additional 55 shares during the period. Eastern Bank bought a new position in Westinghouse Air Brake Technologies in the third quarter worth approximately $33,000. Garde Capital Inc. acquired a new stake in Westinghouse Air Brake Technologies in the third quarter valued at approximately $110,000. Camden National Bank bought a new stake in shares of Westinghouse Air Brake Technologies during the third quarter valued at approximately $222,000. Finally, Harvest Fund Management Co. Ltd raised its position in shares of Westinghouse Air Brake Technologies by 10.4% during the third quarter. Harvest Fund Management Co. Ltd now owns 1,820 shares of the transportation company’s stock worth $331,000 after purchasing an additional 172 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

Westinghouse Air Brake Technologies Price Performance

Shares of WAB stock opened at $199.68 on Friday. The business has a fifty day simple moving average of $194.73 and a 200 day simple moving average of $175.09. The company has a market cap of $34.32 billion, a P/E ratio of 33.28, a P/E/G ratio of 1.48 and a beta of 1.26. The company has a quick ratio of 0.65, a current ratio of 1.30 and a debt-to-equity ratio of 0.34. Westinghouse Air Brake Technologies has a twelve month low of $120.89 and a twelve month high of $207.51.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its earnings results on Wednesday, October 23rd. The transportation company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.13. The firm had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.68 billion. Westinghouse Air Brake Technologies had a net margin of 10.25% and a return on equity of 12.52%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.70 earnings per share. On average, sell-side analysts forecast that Westinghouse Air Brake Technologies will post 7.61 EPS for the current fiscal year.

Westinghouse Air Brake Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.80 annualized dividend and a dividend yield of 0.40%. Westinghouse Air Brake Technologies’s payout ratio is 13.33%.

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.