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

Westinghouse Air Brake Technologies Co. (NYSE:WAB - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $177.96 and traded as high as $191.60. Westinghouse Air Brake Technologies shares last traded at $190.45, with a volume of 822,152 shares.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Stephens upped 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. KeyCorp lifted their price objective on shares of Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 13th. Susquehanna boosted their target price on shares of Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the company a "positive" rating in a research note on Monday, October 21st. Finally, The Goldman Sachs Group raised their target price 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. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $175.30.

Westinghouse Air Brake Technologies Price Performance

The company has a quick ratio of 0.65, a current ratio of 1.30 and a debt-to-equity ratio of 0.34. The stock's 50 day moving average price is $196.27 and its two-hundred day moving average price is $178.07. The firm has a market capitalization of $32.74 billion, a price-to-earnings ratio of 31.74, a P/E/G ratio of 1.45 and a beta of 1.26.

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

Westinghouse Air Brake Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.42%. Westinghouse Air Brake Technologies's dividend payout ratio is currently 13.33%.

Insider Activity at Westinghouse Air Brake Technologies

In related news, VP David L. Deninno sold 875 shares of the firm's stock in a transaction 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 transaction, the vice president now directly owns 55,352 shares in the company, valued at approximately $10,444,922.40. This trade represents a 1.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Albert J. Neupaver sold 35,722 shares of Westinghouse Air Brake Technologies stock in a transaction 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 completion of the transaction, the director now owns 614,447 shares in the company, valued at $115,946,148.90. This trade represents a 5.49 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,393 shares of company stock valued at $9,350,243. 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 made changes to their positions in the business. Pinnacle Bancorp Inc. increased its position in Westinghouse Air Brake Technologies by 55.0% during the third quarter. Pinnacle Bancorp Inc. now owns 155 shares of the transportation company's stock worth $28,000 after acquiring an additional 55 shares during the period. Eastern Bank acquired a new stake in Westinghouse Air Brake Technologies in the 3rd quarter worth $33,000. Garde Capital Inc. bought a new position in shares of Westinghouse Air Brake Technologies during the 3rd quarter worth about $110,000. Camden National Bank acquired a new position in shares of Westinghouse Air Brake Technologies during the third quarter valued at about $222,000. Finally, Harvest Fund Management Co. Ltd lifted its stake in shares of Westinghouse Air Brake Technologies by 10.4% in the third 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 period. 91.69% of the stock is 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.