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

Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the nine brokerages that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $179.56.

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

Insider Activity

In other news, VP David L. Deninno sold 10,000 shares of the firm's stock in a transaction dated 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 transaction, the vice president now directly owns 55,352 shares in the company, valued at $10,439,387.20. This trade represents a 15.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO John A. Mastalerz, Jr. sold 2,796 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $199.71, for a total value of $558,389.16. Following the sale, the chief accounting officer now owns 5,683 shares of the company's stock, valued at $1,134,951.93. The trade was a 32.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 49,393 shares of company stock valued at $9,350,243 in the last 90 days. 1.10% of the stock is currently owned by insiders.

Institutional Trading of Westinghouse Air Brake Technologies

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

Westinghouse Air Brake Technologies Price Performance

Shares of WAB stock traded up $2.12 on Wednesday, reaching $191.26. 946,706 shares of the company were exchanged, compared to its average volume of 973,261. Westinghouse Air Brake Technologies has a 1 year low of $124.76 and a 1 year high of $207.51. The business has a 50-day moving average price of $196.28 and a 200 day moving average price of $178.59. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.65 and a current ratio of 1.30. The company has a market cap of $32.88 billion, a price-to-earnings ratio of 31.88, a P/E/G ratio of 1.45 and a beta of 1.27.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $2.00 earnings per share for the quarter, topping analysts' consensus estimates of $1.87 by $0.13. Westinghouse Air Brake Technologies had a return on equity of 12.52% and a net margin of 10.25%. The company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same quarter in the previous year, the company posted $1.70 earnings per share. The firm's revenue for the quarter was up 4.4% compared to the same quarter last year. Equities research analysts forecast that Westinghouse Air Brake Technologies will post 7.6 earnings per share for the current fiscal year.

Westinghouse Air Brake Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, November 13th. This represents a $0.80 annualized dividend and a yield of 0.42%. Westinghouse Air Brake Technologies's dividend payout ratio (DPR) 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.