Westinghouse Air Brake Technologies (NYSE:WAB) Reaches New 1-Year High - Still a Buy?

Westinghouse Air Brake Technologies Co. (NYSE:WAB - Get Free Report) shares reached a new 52-week high during trading on Monday . The stock traded as high as $202.73 and last traded at $202.07, with a volume of 46957 shares traded. The stock had previously closed at $200.69.

Analyst Ratings Changes

WAB has been the subject of several recent research reports. The Goldman Sachs Group boosted their price target on Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the stock a "neutral" rating in a research report on Thursday, October 24th. Bank of America boosted their price target on Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the stock a "buy" rating in a research report on Monday, July 22nd. Stephens boosted their price target on Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. Finally, Susquehanna upped their target price on Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the company a "positive" rating in a research report on Monday, October 21st. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $171.80.

Westinghouse Air Brake Technologies Trading Up 0.2 %

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 50 day simple moving average of $182.20 and a two-hundred day simple moving average of $169.52. The firm has a market cap of $34.58 billion, a PE ratio of 33.53, a P/E/G ratio of 1.56 and a beta of 1.27.

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, beating the consensus estimate 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 business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter in the previous year, the business earned $1.70 EPS. The company's quarterly revenue was up 4.4% compared to the same quarter last year. Analysts expect that Westinghouse Air Brake Technologies Co. will post 7.58 EPS for the current fiscal year.

Westinghouse Air Brake Technologies Announces Dividend

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

Insider Transactions at Westinghouse Air Brake Technologies

In other news, CTO Eric Gebhardt sold 7,422 shares of the company's stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $156.32, for a total value of $1,160,207.04. Following the sale, the chief technology officer now owns 22,411 shares in the company, valued at $3,503,287.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Westinghouse Air Brake Technologies news, CTO Eric Gebhardt sold 7,422 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $156.32, for a total transaction of $1,160,207.04. Following the transaction, the chief technology officer now owns 22,411 shares in the company, valued at approximately $3,503,287.52. This represents 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 this hyperlink. Also, CAO John A. Mastalerz, Jr. sold 2,796 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $199.71, for a total value of $558,389.16. Following the transaction, the chief accounting officer now owns 5,683 shares in the company, valued at $1,134,951.93. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 60,984 shares of company stock worth $11,200,586 over the last quarter. 1.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Westinghouse Air Brake Technologies

Hedge funds have recently made changes to their positions in the company. Border to Coast Pensions Partnership Ltd raised its holdings in shares of Westinghouse Air Brake Technologies by 4.5% during 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 acquiring an additional 8,575 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Westinghouse Air Brake Technologies by 2.1% during the second quarter. Rhumbline Advisers now owns 335,483 shares of the transportation company's stock valued at $53,023,000 after acquiring an additional 7,012 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Westinghouse Air Brake Technologies by 12.3% during the second quarter. Nisa Investment Advisors LLC now owns 22,357 shares of the transportation company's stock valued at $3,534,000 after acquiring an additional 2,457 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Westinghouse Air Brake Technologies by 3.4% during the second quarter. UMB Bank n.a. now owns 4,701 shares of the transportation company's stock valued at $743,000 after acquiring an additional 156 shares during the last quarter. Finally, Plato Investment Management Ltd raised its holdings in shares of Westinghouse Air Brake Technologies by 2.3% during the second quarter. Plato Investment Management Ltd now owns 11,522 shares of the transportation company's stock valued at $1,821,000 after acquiring an additional 261 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company's stock.

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.