Investment analysts at JPMorgan Chase & Co. assumed coverage on shares of Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) in a research note issued on Thursday, MarketBeat 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 suggests a potential upside of 1.35% from the stock's previous close.
A number of other equities analysts have also recently issued reports on the company. StockNews.com cut Westinghouse Air Brake Technologies from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. Bank of America boosted 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 reiterated an "overweight" rating and issued a $220.00 target price on shares of Westinghouse Air Brake Technologies in a report on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $201.86.
Get Our Latest Report on WAB
Westinghouse Air Brake Technologies Trading Down 0.4 %
Westinghouse Air Brake Technologies stock traded down $0.61 during trading hours on Thursday, reaching $172.67. 281,110 shares of the company's stock traded hands, compared to its average volume of 1,152,915. The firm has a market capitalization of $29.52 billion, a price-to-earnings ratio of 28.64, a PEG ratio of 1.50 and a beta of 1.14. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.69 and a current ratio of 1.30. Westinghouse Air Brake Technologies has a fifty-two week low of $143.22 and a fifty-two week high of $210.88. The firm's 50 day moving average is $182.61 and its 200-day moving average is $190.85.
Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The transportation company reported $1.68 earnings per share 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%. On average, analysts predict that Westinghouse Air Brake Technologies will post 8.54 earnings per share for the current year.
Insider Activity
In other 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 sale, the chief executive officer now owns 201,558 shares of the company's stock, valued at $37,302,339.06. The trade was a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company's stock.
Institutional Investors Weigh In On Westinghouse Air Brake Technologies
Several hedge funds and other institutional investors have recently added to or reduced their stakes in WAB. Putney Financial Group LLC acquired a new position in shares of Westinghouse Air Brake Technologies during the 4th quarter worth about $52,000. Garde Capital Inc. bought a new position in Westinghouse Air Brake Technologies in the third quarter valued at approximately $110,000. MassMutual Private Wealth & Trust FSB increased its position in shares of 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 during the last quarter. Dorsey & Whitney Trust CO LLC bought a new stake in shares of Westinghouse Air Brake Technologies during the 4th quarter worth approximately $204,000. Finally, GF Fund Management CO. LTD. acquired a new stake in shares of Westinghouse Air Brake Technologies in the 4th quarter valued at approximately $205,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.
About Westinghouse Air Brake Technologies
(
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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.
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