Analysts Set Westinghouse Air Brake Technologies Co. (NYSE:WAB) PT at $206.33

Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the six analysts that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $206.33.

A number of equities research analysts have recently commented on WAB shares. Stephens reiterated an "overweight" rating and set a $220.00 price target on shares of Westinghouse Air Brake Technologies in a report on Thursday, February 13th. Bank of America boosted their price target on 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, StockNews.com cut shares of Westinghouse Air Brake Technologies from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd.

Westinghouse Air Brake Technologies Price Performance

Shares of NYSE WAB traded down $0.73 on Monday, hitting $186.96. The company's stock had a trading volume of 653,095 shares, compared to its average volume of 1,044,376. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.69. Westinghouse Air Brake Technologies has a 12-month low of $143.22 and a 12-month high of $210.88. The company has a market capitalization of $31.94 billion, a price-to-earnings ratio of 31.01, a price-to-earnings-growth ratio of 1.50 and a beta of 1.31. The stock has a 50 day moving average of $192.28 and a 200-day moving average of $190.91.

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Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last released its quarterly earnings results 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 return on equity of 12.78% and a net margin of 10.17%. As a group, research analysts predict that Westinghouse Air Brake Technologies will post 8.54 EPS for the current year.

Westinghouse Air Brake Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were paid a dividend of $0.25 per share. The ex-dividend date was Friday, February 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.53%. This is a positive change from Westinghouse Air Brake Technologies's previous quarterly dividend of $0.20. Westinghouse Air Brake Technologies's dividend payout ratio (DPR) is currently 16.58%.

Insider Activity

In other news, CEO Rafael Santana sold 886 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $182.34, for a total transaction of $161,553.24. Following the completion of the transaction, the chief executive officer now directly owns 176,295 shares in the company, valued at approximately $32,145,630.30. This represents a 0.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On Westinghouse Air Brake Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Greenleaf Trust grew its stake in Westinghouse Air Brake Technologies by 2.9% in the fourth quarter. Greenleaf Trust now owns 3,344 shares of the transportation company's stock worth $634,000 after purchasing an additional 94 shares in the last quarter. Harvest Fund Management Co. Ltd grew its position in shares of Westinghouse Air Brake Technologies by 10.4% in the 3rd 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 in the last quarter. Hillsdale Investment Management Inc. increased its holdings in shares of Westinghouse Air Brake Technologies by 3.8% in the 4th quarter. Hillsdale Investment Management Inc. now owns 5,400 shares of the transportation company's stock valued at $1,024,000 after acquiring an additional 200 shares during the last quarter. Putney Financial Group LLC acquired a new stake in shares of Westinghouse Air Brake Technologies during the 4th quarter valued at approximately $52,000. Finally, DnB Asset Management AS lifted its stake in Westinghouse Air Brake Technologies by 0.9% during the fourth quarter. DnB Asset Management AS now owns 48,101 shares of the transportation company's stock worth $9,119,000 after purchasing an additional 414 shares during the last quarter. 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.