Westinghouse Air Brake Technologies Co. (NYSE:WAB) Receives $171.80 Average Price Target from Analysts

Westinghouse Air Brake Technologies Co. (NYSE:WAB - Get Free Report) has received a consensus rating of "Moderate Buy" from the ten analysts that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $171.80.

WAB has been the subject of a number of analyst reports. The Goldman Sachs Group boosted their price objective on shares of Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the company a "neutral" rating in a report on Thursday. Stephens boosted their price objective on shares of Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the company an "overweight" rating in a report on Thursday. Susquehanna boosted their price objective on shares of Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the company a "positive" rating in a report on Monday. Finally, Bank of America upped their price target on shares of Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the company a "buy" rating in a report on Monday, July 22nd.

Westinghouse Air Brake Technologies Trading Down 0.2 %

Shares of NYSE:WAB traded down $0.32 during trading on Friday, hitting $188.76. 1,147,056 shares of the company's stock were exchanged, compared to its average volume of 1,089,174. Westinghouse Air Brake Technologies has a 1-year low of $102.67 and a 1-year high of $192.48. The firm has a 50-day moving average price of $175.35 and a two-hundred day moving average price of $165.54. The company has a current ratio of 1.38, a quick ratio of 0.73 and a debt-to-equity ratio of 0.33. The firm has a market cap of $33.07 billion, a P/E ratio of 33.15, a PEG ratio of 1.50 and a beta of 1.27.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.87 by $0.13. The company had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.68 billion. Westinghouse Air Brake Technologies had a net margin of 9.94% and a return on equity of 12.05%. Westinghouse Air Brake Technologies's revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.70 EPS. Equities analysts predict that Westinghouse Air Brake Technologies will post 7.47 earnings per share for the current year.

Westinghouse Air Brake Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date is Wednesday, November 13th. Westinghouse Air Brake Technologies's dividend payout ratio is presently 14.04%.

Insider Transactions at Westinghouse Air Brake Technologies

In other news, Director Brian Hehir sold 1,000 shares of the business's stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $161.62, for a total value of $161,620.00. Following the sale, the director now owns 23,230 shares of the company's stock, valued at $3,754,432.60. The trade was a 0.00 % 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. In other Westinghouse Air Brake Technologies news, insider Alicia Hammersmith sold 4,169 shares of the company's stock in a transaction 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 of the company's stock, valued at approximately $928,017.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Brian Hehir sold 1,000 shares of the company's stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $161.62, for a total transaction of $161,620.00. Following the sale, the director now directly owns 23,230 shares in the company, valued at $3,754,432.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,392 shares of company stock valued at $2,754,390 over the last 90 days. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Westinghouse Air Brake Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Forsta AP Fonden raised its position 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 acquiring an additional 20,900 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of 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 purchasing an additional 88,325 shares during the period. Border to Coast Pensions Partnership Ltd raised its position in shares of 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 purchasing an additional 8,575 shares during the period. Rhumbline Advisers raised its position in shares of Westinghouse Air Brake Technologies by 2.1% in the second quarter. Rhumbline Advisers now owns 335,483 shares of the transportation company's stock valued at $53,023,000 after purchasing an additional 7,012 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in shares of Westinghouse Air Brake Technologies by 12.3% in the second quarter. Nisa Investment Advisors LLC now owns 22,357 shares of the transportation company's stock valued at $3,534,000 after purchasing an additional 2,457 shares during the period. 91.69% of the stock is owned by 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.