Brokerages Set Westinghouse Air Brake Technologies Co. (NYSE:WAB) Target Price at $201.86

Westinghouse Air Brake Technologies Co. (NYSE:WAB) has been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $201.86.

A number of analysts have commented on WAB shares. StockNews.com cut shares of Westinghouse Air Brake Technologies from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. started coverage on shares of Westinghouse Air Brake Technologies in a research report on Thursday, April 10th. They set a “neutral” rating and a $175.00 price objective for the company. Bank of America upped their price objective on shares of Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Finally, Stephens reaffirmed an “overweight” rating and issued a $220.00 target price on shares of Westinghouse Air Brake Technologies in a research report on Thursday, February 13th.

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 Thursday, February 27th. The shares were sold at an average price of $182.34, for a total transaction of $161,553.24. Following the sale, the chief executive officer now owns 176,295 shares of the company’s stock, valued at $32,145,630.30. The trade was a 0.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Rhumbline Advisers increased its stake in Westinghouse Air Brake Technologies by 3.0% in the 1st quarter. Rhumbline Advisers now owns 313,459 shares of the transportation company’s stock worth $56,846,000 after acquiring an additional 9,041 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of Westinghouse Air Brake Technologies during the 3rd quarter valued at $24,630,000. KLP Kapitalforvaltning AS bought a new stake in shares of Westinghouse Air Brake Technologies during the 4th quarter worth $22,509,000. AGF Management Ltd. bought a new position in Westinghouse Air Brake Technologies in the fourth quarter valued at $10,566,000. Finally, DnB Asset Management AS raised its position in Westinghouse Air Brake Technologies by 0.9% during the fourth quarter. DnB Asset Management AS now owns 48,101 shares of the transportation company’s stock valued at $9,119,000 after purchasing an additional 414 shares in the last quarter. 91.69% of the stock is owned by institutional investors.

Westinghouse Air Brake Technologies Price Performance

WAB stock opened at $171.05 on Friday. Westinghouse Air Brake Technologies has a 1 year low of $143.22 and a 1 year high of $210.88. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.69. The stock has a market cap of $29.24 billion, a price-to-earnings ratio of 28.37, a P/E/G ratio of 1.50 and a beta of 1.14. The company has a 50 day simple moving average of $179.68 and a 200 day simple moving average of $190.57.

Westinghouse Air Brake Technologies (NYSE:WAB) last announced its quarterly earnings results on Wednesday, February 12th. The transportation company reported $1.68 earnings per share (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%. Research analysts anticipate that Westinghouse Air Brake Technologies will post 8.54 EPS for the current fiscal year.

Westinghouse Air Brake Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were given a dividend of $0.25 per share. This is an increase from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Friday, February 21st. Westinghouse Air Brake Technologies’s dividend payout ratio is currently 16.58%.

Westinghouse Air Brake Technologies Company Profile

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.