Westinghouse Air Brake Technologies (NYSE:WAB) Coverage Initiated at JPMorgan Chase & Co.

Analysts at JPMorgan Chase & Co. assumed coverage on shares of Westinghouse Air Brake Technologies (NYSE:WAB) in a research note issued to investors on Thursday, MarketBeat.com reports. The firm set a “neutral” rating and a $175.00 price target on the transportation company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 1.78% from the stock’s previous close.

Other analysts have also issued reports about the company. Bank of America raised their price objective on Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. StockNews.com cut shares of Westinghouse Air Brake Technologies from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, Stephens restated an “overweight” rating and set a $220.00 price objective on shares of Westinghouse Air Brake Technologies in a research report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $201.86.

Westinghouse Air Brake Technologies Trading Up 1.9 %

Shares of Westinghouse Air Brake Technologies stock opened at $171.94 on Thursday. Westinghouse Air Brake Technologies has a 12-month low of $143.22 and a 12-month high of $210.88. The firm’s 50 day simple moving average is $183.29 and its two-hundred day simple moving average is $190.86. The company has a current ratio of 1.30, a quick ratio of 0.69 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $29.39 billion, a price-to-earnings ratio of 28.51, a PEG ratio of 1.50 and a beta of 1.14.

Westinghouse Air Brake Technologies (NYSE:WAB) last released its quarterly earnings data on Wednesday, February 12th. The transportation company reported $1.68 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.06). Westinghouse Air Brake Technologies had a net margin of 10.17% and a return on equity of 12.78%. Analysts predict that Westinghouse Air Brake Technologies will post 8.54 EPS for the current year.

Insider Buying and Selling at Westinghouse Air Brake Technologies

In other Westinghouse Air Brake Technologies news, CEO Rafael Santana sold 886 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $185.07, for a total value of $163,972.02. Following the transaction, the chief executive officer now directly owns 201,558 shares of the company’s stock, valued at approximately $37,302,339.06. The trade was a 0.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in WAB. Putney Financial Group LLC purchased a new position in Westinghouse Air Brake Technologies during the fourth quarter worth $52,000. Garde Capital Inc. acquired a new stake in shares of Westinghouse Air Brake Technologies during the third quarter valued at $110,000. MassMutual Private Wealth & Trust FSB increased its position in Westinghouse Air Brake Technologies by 9.8% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 630 shares of the transportation company’s stock worth $114,000 after purchasing an additional 56 shares in the last quarter. Dorsey & Whitney Trust CO LLC acquired a new position in Westinghouse Air Brake Technologies in the 4th quarter valued at about $204,000. Finally, GF Fund Management CO. LTD. purchased a new position in Westinghouse Air Brake Technologies in the 4th quarter valued at about $205,000. 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.