Westinghouse Air Brake Technologies Co. (NYSE:WAB) Receives $163.90 Consensus Target Price from Analysts

Westinghouse Air Brake Technologies Co. (NYSE:WAB - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the ten ratings firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $163.90.

Several research analysts recently issued reports on the stock. Bank of America increased their price target on shares of Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the stock a "buy" rating in a report on Monday, July 22nd. The Goldman Sachs Group increased their target price on Westinghouse Air Brake Technologies from $160.00 to $181.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 4th.

Westinghouse Air Brake Technologies Stock Performance

WAB traded down $0.70 on Monday, hitting $181.57. 675,384 shares of the company traded hands, compared to its average volume of 1,106,348. The company has a 50 day moving average of $164.63 and a 200-day moving average of $160.31. Westinghouse Air Brake Technologies has a 12-month low of $98.70 and a 12-month high of $184.11. The stock has a market capitalization of $31.81 billion, a PE ratio of 35.52, a PEG ratio of 1.52 and a beta of 1.27. 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 quarterly earnings results on Wednesday, July 24th. The transportation company reported $1.96 earnings per share 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 the consensus estimate of $2.64 billion. Westinghouse Air Brake Technologies had a return on equity of 12.05% and a net margin of 9.94%. The company's revenue for the quarter was up 9.8% on a year-over-year basis. During the same period last year, the company earned $1.41 earnings per share. Sell-side analysts anticipate that Westinghouse Air Brake Technologies will post 7.46 earnings per share for the current year.

Westinghouse Air Brake Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.80 dividend on an annualized basis and a yield of 0.44%. Westinghouse Air Brake Technologies's payout ratio is 15.63%.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Westinghouse Air Brake Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. First Hawaiian Bank grew its holdings in Westinghouse Air Brake Technologies by 4.4% in the 1st quarter. First Hawaiian Bank now owns 3,699 shares of the transportation company's stock valued at $539,000 after buying an additional 157 shares during the period. Greenleaf Trust grew its holdings in Westinghouse Air Brake Technologies by 4.3% in the first quarter. Greenleaf Trust now owns 3,201 shares of the transportation company's stock valued at $466,000 after purchasing an additional 133 shares during the period. BNP Paribas Financial Markets increased its position in Westinghouse Air Brake Technologies by 107.8% during the first quarter. BNP Paribas Financial Markets now owns 170,248 shares of the transportation company's stock worth $24,802,000 after purchasing an additional 88,325 shares during the last quarter. Forsta AP Fonden raised its stake in Westinghouse Air Brake Technologies by 64.5% during the first quarter. Forsta AP Fonden now owns 53,300 shares of the transportation company's stock worth $7,765,000 after purchasing an additional 20,900 shares during the period. Finally, Dorsey & Whitney Trust CO LLC purchased a new position in Westinghouse Air Brake Technologies during the first quarter worth approximately $204,000. Hedge funds and other institutional investors own 91.69% of the company's stock.

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.