Westinghouse Air Brake Technologies Co. (NYSE:WAB - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $210.30 and last traded at $210.72, with a volume of 67936 shares. The stock had previously closed at $206.81.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on WAB shares. Susquehanna lifted their target price on Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the stock a "positive" rating in a report on Monday, October 21st. The Goldman Sachs Group lifted their target price 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 lifted their target price on Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the stock an "overweight" rating in a report on Thursday, October 24th. KeyCorp lifted their target price on Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. Finally, Bank of America lifted their target price on Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Westinghouse Air Brake Technologies has a consensus rating of "Moderate Buy" and an average target price of $188.50.
Check Out Our Latest Stock Report on Westinghouse Air Brake Technologies
Westinghouse Air Brake Technologies Price Performance
The stock has a 50 day moving average of $198.46 and a two-hundred day moving average of $183.85. The stock has a market cap of $35.16 billion, a PE ratio of 34.09, a PEG ratio of 1.33 and a beta of 1.27. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.65 and a current ratio of 1.30.
Insider Buying and Selling
In other Westinghouse Air Brake Technologies news, CAO John A. Mastalerz, Jr. sold 2,796 shares of Westinghouse Air Brake Technologies stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $199.71, for a total transaction of $558,389.16. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Westinghouse Air Brake Technologies
Institutional investors and hedge funds have recently bought and sold shares of the business. Pinnacle Bancorp Inc. lifted its holdings in shares of Westinghouse Air Brake Technologies by 55.0% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 155 shares of the transportation company's stock valued at $28,000 after buying an additional 55 shares during the last quarter. Bridges Investment Management Inc. lifted its holdings in shares of Westinghouse Air Brake Technologies by 3.4% during the 3rd quarter. Bridges Investment Management Inc. now owns 2,357 shares of the transportation company's stock valued at $428,000 after buying an additional 77 shares during the last quarter. Greenleaf Trust lifted its holdings in shares of Westinghouse Air Brake Technologies by 2.9% during the 4th quarter. Greenleaf Trust now owns 3,344 shares of the transportation company's stock valued at $634,000 after buying an additional 94 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its holdings in shares of 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 buying an additional 172 shares during the last quarter. Finally, Eastern Bank acquired a new stake in shares of Westinghouse Air Brake Technologies during the 3rd quarter valued at about $33,000. Hedge funds and other institutional investors own 91.69% of the company's stock.
Westinghouse Air Brake Technologies Company Profile
(
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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.
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