Westinghouse Air Brake Technologies Co. (NYSE:WAB) Receives Consensus Rating of "Moderate Buy" from Brokerages

Westinghouse Air Brake Technologies Co. (NYSE:WAB - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the ten analysts that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $175.30.

Several analysts have commented on the stock. The Goldman Sachs Group boosted their price target on shares of Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the stock a "neutral" rating in a research note on Thursday, October 24th. Susquehanna boosted their target price on Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the stock a "positive" rating in a research report on Monday, October 21st. Stephens raised their price target on Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. Finally, KeyCorp lifted their price objective on Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 13th.

Insider Buying and Selling at Westinghouse Air Brake Technologies

In related news, Director Albert J. Neupaver sold 35,722 shares of the business's stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $188.70, for a total transaction of $6,740,741.40. Following the completion of the transaction, the director now owns 614,447 shares in the company, valued at $115,946,148.90. The trade was a 5.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David L. Deninno sold 10,000 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $188.60, for a total value of $1,886,000.00. Following the completion of the sale, the vice president now owns 55,352 shares in the company, valued at approximately $10,439,387.20. The trade was a 15.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,393 shares of company stock worth $9,350,243 over the last quarter. Insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in WAB. Pinnacle Bancorp Inc. increased its holdings in Westinghouse Air Brake Technologies by 55.0% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 155 shares of the transportation company's stock worth $28,000 after purchasing an additional 55 shares during the period. Eastern Bank bought a new position in shares of Westinghouse Air Brake Technologies during the 3rd quarter worth $33,000. Garde Capital Inc. purchased a new position in shares of Westinghouse Air Brake Technologies during the third quarter valued at $110,000. Camden National Bank bought a new stake in shares of Westinghouse Air Brake Technologies in the third quarter valued at about $222,000. Finally, Harvest Fund Management Co. Ltd lifted its stake in Westinghouse Air Brake Technologies by 10.4% in the third quarter. Harvest Fund Management Co. Ltd now owns 1,820 shares of the transportation company's stock worth $331,000 after acquiring an additional 172 shares during the period. Hedge funds and other institutional investors own 91.69% of the company's stock.

Westinghouse Air Brake Technologies Price Performance

Shares of NYSE WAB traded down $2.29 during mid-day trading on Friday, reaching $199.68. The company's stock had a trading volume of 840,057 shares, compared to its average volume of 1,051,303. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.65. Westinghouse Air Brake Technologies has a 52 week low of $120.89 and a 52 week high of $207.51. The stock has a fifty day moving average of $194.73 and a two-hundred day moving average of $175.14. The firm has a market capitalization of $34.32 billion, a PE ratio of 33.28, a P/E/G ratio of 1.45 and a beta of 1.26.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.13. The business had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.68 billion. Westinghouse Air Brake Technologies had a return on equity of 12.52% and a net margin of 10.25%. The firm's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.70 EPS. As a group, sell-side analysts anticipate that Westinghouse Air Brake Technologies will post 7.6 EPS for the current fiscal year.

Westinghouse Air Brake Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a $0.20 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $0.80 dividend on an annualized basis and a yield of 0.40%. Westinghouse Air Brake Technologies's dividend payout ratio is presently 13.33%.

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.