Westinghouse Air Brake Technologies Co. (NYSE:WAB) Receives $145.20 Average Target Price from Analysts

Westinghouse Air Brake Technologies Co. (NYSE:WABGet Free Report) has been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $145.20.

WAB has been the subject of a number of research analyst reports. Wells Fargo & Company raised their target price on Westinghouse Air Brake Technologies from $135.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Jefferies Financial Group raised Westinghouse Air Brake Technologies from a “hold” rating to a “buy” rating and lifted their price target for the stock from $115.00 to $150.00 in a research report on Thursday, January 11th. Stephens boosted their target price on Westinghouse Air Brake Technologies from $153.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Bank of America raised Westinghouse Air Brake Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the company from $128.00 to $150.00 in a report on Tuesday, January 16th. Finally, Redburn Atlantic lowered Westinghouse Air Brake Technologies from a “buy” rating to a “neutral” rating and set a $135.00 target price on the stock. in a report on Thursday, February 15th.

Read Our Latest Stock Report on WAB

Insider Buying and Selling at Westinghouse Air Brake Technologies

In other Westinghouse Air Brake Technologies news, CEO Rafael Santana sold 40,219 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $140.62, for a total value of $5,655,595.78. Following the sale, the chief executive officer now owns 123,019 shares of the company’s stock, valued at $17,298,931.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Brian Hehir sold 5,470 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $135.80, for a total transaction of $742,826.00. Following the transaction, the director now directly owns 23,065 shares in the company, valued at $3,132,227. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rafael Santana sold 40,219 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $140.62, for a total value of $5,655,595.78. Following the completion of the transaction, the chief executive officer now owns 123,019 shares in the company, valued at $17,298,931.78. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,296 shares of company stock valued at $8,549,837. Insiders own 1.22% of the company’s stock.

Institutional Investors Weigh In On Westinghouse Air Brake Technologies

A number of hedge funds have recently bought and sold shares of WAB. Neuberger Berman Group LLC boosted its position in Westinghouse Air Brake Technologies by 2,233.1% during the 1st quarter. Neuberger Berman Group LLC now owns 245,277 shares of the transportation company’s stock valued at $23,589,000 after purchasing an additional 234,764 shares during the period. Beutel Goodman & Co Ltd. grew its holdings in shares of Westinghouse Air Brake Technologies by 2.2% in the 2nd quarter. Beutel Goodman & Co Ltd. now owns 1,636,230 shares of the transportation company’s stock worth $179,445,000 after acquiring an additional 35,565 shares during the last quarter. BNP Paribas Arbitrage SNC grew its holdings in shares of Westinghouse Air Brake Technologies by 16.8% in the 2nd quarter. BNP Paribas Arbitrage SNC now owns 129,120 shares of the transportation company’s stock worth $14,161,000 after acquiring an additional 18,547 shares during the last quarter. iA Global Asset Management Inc. acquired a new position in shares of Westinghouse Air Brake Technologies in the 3rd quarter worth $1,915,000. Finally, Applied Finance Capital Management LLC grew its holdings in shares of Westinghouse Air Brake Technologies by 9.8% during the fourth quarter. Applied Finance Capital Management LLC now owns 159,384 shares of the transportation company’s stock valued at $20,226,000 after buying an additional 14,285 shares in the last quarter. Institutional investors and hedge funds own 90.52% of the company’s stock.

Westinghouse Air Brake Technologies Stock Down 0.7 %

NYSE WAB opened at $139.82 on Thursday. The business has a fifty day moving average price of $134.63 and a 200 day moving average price of $120.31. Westinghouse Air Brake Technologies has a one year low of $91.89 and a one year high of $143.51. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.63 and a current ratio of 1.20. The company has a market cap of $24.75 billion, a P/E ratio of 30.93, a P/E/G ratio of 1.64 and a beta of 1.41.

Westinghouse Air Brake Technologies (NYSE:WABGet Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The transportation company reported $1.54 EPS for the quarter, missing the consensus estimate of $1.58 by ($0.04). Westinghouse Air Brake Technologies had a net margin of 8.42% and a return on equity of 10.34%. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.48 billion. During the same period in the prior year, the company posted $1.30 earnings per share. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. Research analysts anticipate that Westinghouse Air Brake Technologies will post 6.71 EPS 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 8th. Shareholders of record on Friday, February 23rd were issued a $0.20 dividend. This is a positive change from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.80 annualized dividend and a yield of 0.57%. Westinghouse Air Brake Technologies’s dividend payout ratio is 17.70%.

About Westinghouse Air Brake Technologies

(Get Free Report

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.

Further Reading

Analyst Recommendations for Westinghouse Air Brake Technologies (NYSE:WAB)

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