Westinghouse Air Brake Technologies (NYSE:WAB) PT Raised to $220.00 at Susquehanna

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) had its price objective boosted by investment analysts at Susquehanna from $190.00 to $220.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a "positive" rating on the transportation company's stock. Susquehanna's price objective would suggest a potential upside of 15.81% from the company's previous close.

Separately, Bank of America lifted their price objective on Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the company a "buy" rating in a report on Monday, July 22nd. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Westinghouse Air Brake Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $166.90.

Westinghouse Air Brake Technologies Stock Performance

Westinghouse Air Brake Technologies stock traded down $1.18 during trading hours on Monday, hitting $189.97. The stock had a trading volume of 1,031,652 shares, compared to its average volume of 1,084,259. Westinghouse Air Brake Technologies has a fifty-two week low of $98.70 and a fifty-two week high of $192.48. The company has a market cap of $33.28 billion, a PE ratio of 33.42, a price-to-earnings-growth ratio of 1.59 and a beta of 1.27. The company has a 50-day moving average of $172.75 and a two-hundred day moving average of $164.65. The company has a quick ratio of 0.73, a current ratio of 1.38 and a debt-to-equity ratio of 0.33.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last issued its earnings results on Wednesday, July 24th. The transportation company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.88 by $0.08. The firm had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.64 billion. Westinghouse Air Brake Technologies had a return on equity of 12.05% and a net margin of 9.94%. Westinghouse Air Brake Technologies's quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the business earned $1.41 earnings per share. On average, equities research analysts anticipate that Westinghouse Air Brake Technologies will post 7.46 EPS for the current fiscal year.

Insider Activity at Westinghouse Air Brake Technologies

In other news, EVP Nicole B. Theophilus sold 4,801 shares of the firm's stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $154.64, for a total value of $742,426.64. Following the completion of the sale, the executive vice president now directly owns 15,608 shares in the company, valued at approximately $2,413,621.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, EVP Nicole B. Theophilus sold 4,801 shares of the company's stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $154.64, for a total transaction of $742,426.64. Following the transaction, the executive vice president now directly owns 15,608 shares in the company, valued at approximately $2,413,621.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alicia Hammersmith sold 4,169 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $165.54, for a total transaction of $690,136.26. Following the sale, the insider now directly owns 5,606 shares in the company, valued at $928,017.24. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,392 shares of company stock valued at $2,754,390 in the last three months. Corporate insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On Westinghouse Air Brake Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Rhumbline Advisers raised its holdings in Westinghouse Air Brake Technologies by 2.1% during the 2nd quarter. Rhumbline Advisers now owns 335,483 shares of the transportation company's stock worth $53,023,000 after purchasing an additional 7,012 shares during the last quarter. Border to Coast Pensions Partnership Ltd lifted its holdings in Westinghouse Air Brake Technologies by 4.5% in the third quarter. Border to Coast Pensions Partnership Ltd now owns 201,011 shares of the transportation company's stock valued at $36,431,000 after buying an additional 8,575 shares during the period. BNP Paribas Financial Markets boosted its stake in Westinghouse Air Brake Technologies by 107.8% in the first quarter. BNP Paribas Financial Markets now owns 170,248 shares of the transportation company's stock valued at $24,802,000 after acquiring an additional 88,325 shares during the last quarter. Forsta AP Fonden grew its holdings in Westinghouse Air Brake Technologies by 64.5% during the 1st quarter. Forsta AP Fonden now owns 53,300 shares of the transportation company's stock worth $7,765,000 after acquiring an additional 20,900 shares during the period. Finally, DNB Asset Management AS raised its position in shares of Westinghouse Air Brake Technologies by 3.9% during the 2nd quarter. DNB Asset Management AS now owns 46,343 shares of the transportation company's stock valued at $7,325,000 after acquiring an additional 1,729 shares during the last quarter. Institutional investors own 91.69% of the company's stock.

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.