Westinghouse Air Brake Technologies (NYSE:WAB) Share Price Passes Above 200-Day Moving Average - Time to Sell?

Westinghouse Air Brake Technologies Co. (NYSE:WAB - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $176.58 and traded as high as $194.26. Westinghouse Air Brake Technologies shares last traded at $194.16, with a volume of 321,609 shares trading hands.

Wall Street Analyst Weigh In

Several research firms recently commented on WAB. KeyCorp boosted their target price 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. Susquehanna lifted their price target on shares of Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the stock a "positive" rating in a research note on Monday, October 21st. The Goldman Sachs Group increased their price objective on shares of Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the company a "neutral" rating in a research report on Thursday, October 24th. Finally, Stephens lifted their price objective on shares of 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. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Westinghouse Air Brake Technologies has an average rating of "Moderate Buy" and an average price target of $175.30.

Westinghouse Air Brake Technologies Stock Performance

The company has a market cap of $33.37 billion, a PE ratio of 32.36, a PEG ratio of 1.45 and a beta of 1.26. The stock has a 50 day simple moving average of $196.08 and a two-hundred day simple moving average of $176.70. 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 (NYSE:WAB - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.68 billion. Westinghouse Air Brake Technologies had a net margin of 10.25% and a return on equity of 12.52%. Westinghouse Air Brake Technologies's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.70 EPS. Equities analysts predict that Westinghouse Air Brake Technologies Co. will post 7.6 EPS for the current year.

Westinghouse Air Brake Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.41%. The ex-dividend date was Wednesday, November 13th. Westinghouse Air Brake Technologies's dividend payout ratio (DPR) is presently 13.33%.

Insider Buying and Selling

In other Westinghouse Air Brake Technologies news, Director Albert J. Neupaver sold 35,722 shares of the business's stock in a transaction that occurred 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 transaction, the director now owns 614,447 shares in the company, valued at approximately $115,946,148.90. The trade was a 5.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP David L. Deninno sold 875 shares of Westinghouse Air Brake Technologies stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $188.70, for a total value of $165,112.50. Following the completion of the sale, the vice president now owns 55,352 shares in the company, valued at approximately $10,444,922.40. This trade represents a 1.56 % decrease in their ownership of the stock. 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 over the last three months. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Westinghouse Air Brake Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. iA Global Asset Management Inc. raised its holdings in Westinghouse Air Brake Technologies by 21.5% during the third quarter. iA Global Asset Management Inc. now owns 18,613 shares of the transportation company's stock worth $3,383,000 after purchasing an additional 3,288 shares during the last quarter. Border to Coast Pensions Partnership Ltd raised its stake in shares of Westinghouse Air Brake Technologies by 4.5% during the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 201,011 shares of the transportation company's stock worth $36,431,000 after buying an additional 8,575 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Westinghouse Air Brake Technologies by 5.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 278,729 shares of the transportation company's stock worth $50,665,000 after buying an additional 13,683 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Westinghouse Air Brake Technologies in the 3rd quarter valued at about $7,128,000. Finally, Rhumbline Advisers increased its holdings in Westinghouse Air Brake Technologies by 2.1% during the 2nd 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 in the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

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.