Westinghouse Air Brake Technologies Co. (NYSE:WAB) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) have been given a consensus recommendation of “Moderate Buy” by the eleven research firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $158.82.

Several brokerages have recently issued reports on WAB. TD Cowen increased their target price on Westinghouse Air Brake Technologies from $130.00 to $147.00 and gave the stock a “hold” rating in a research report on Thursday, April 25th. Stephens increased their price objective on shares of Westinghouse Air Brake Technologies from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Susquehanna upped their price target on shares of Westinghouse Air Brake Technologies from $160.00 to $190.00 and gave the company a “positive” rating in a report on Thursday, April 25th. Bank of America increased their price target on Westinghouse Air Brake Technologies from $156.00 to $162.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Finally, KeyCorp boosted their price target on Westinghouse Air Brake Technologies from $155.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th.

Insider Buying and Selling at Westinghouse Air Brake Technologies

In other news, VP David L. Deninno sold 3,016 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $161.48, for a total transaction of $487,023.68. Following the completion of the sale, the vice president now directly owns 65,352 shares in the company, valued at approximately $10,553,040.96. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, VP David L. Deninno sold 3,016 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $161.48, for a total value of $487,023.68. Following the completion of the sale, the vice president now owns 65,352 shares in the company, valued at $10,553,040.96. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Rogerio Mendonca sold 3,965 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $160.75, for a total transaction of $637,373.75. Following the completion of the transaction, the insider now directly owns 12,464 shares in the company, valued at $2,003,588. The disclosure for this sale can be found here. Insiders sold 47,476 shares of company stock worth $7,689,609 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Westinghouse Air Brake Technologies

Several institutional investors have recently added to or reduced their stakes in the company. Greenleaf Trust boosted its holdings in shares of Westinghouse Air Brake Technologies by 4.3% in the 1st quarter. Greenleaf Trust now owns 3,201 shares of the transportation company’s stock valued at $466,000 after buying an additional 133 shares during the last quarter. First Hawaiian Bank raised its position in shares of Westinghouse Air Brake Technologies by 4.4% in the 1st quarter. First Hawaiian Bank now owns 3,699 shares of the transportation company’s stock worth $539,000 after acquiring an additional 157 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in shares of Westinghouse Air Brake Technologies by 36.8% during the first quarter. V Square Quantitative Management LLC now owns 2,624 shares of the transportation company’s stock valued at $382,000 after acquiring an additional 706 shares in the last quarter. Silvercrest Asset Management Group LLC lifted its position in Westinghouse Air Brake Technologies by 17.4% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 7,727 shares of the transportation company’s stock valued at $1,126,000 after acquiring an additional 1,146 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC bought a new position in shares of Westinghouse Air Brake Technologies during the 1st quarter worth approximately $204,000. 91.69% of the stock is owned by institutional investors.

Westinghouse Air Brake Technologies Stock Down 0.7 %

Shares of Westinghouse Air Brake Technologies stock opened at $159.42 on Friday. The stock’s 50-day moving average is $163.40 and its 200 day moving average is $145.06. The firm has a market cap of $28.12 billion, a price-to-earnings ratio of 31.14, a PEG ratio of 1.43 and a beta of 1.32. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.52 and a quick ratio of 0.77. Westinghouse Air Brake Technologies has a one year low of $98.70 and a one year high of $170.83.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its earnings results on Wednesday, April 24th. The transportation company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. Westinghouse Air Brake Technologies had a return on equity of 11.25% and a net margin of 9.20%. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter last year, the company earned $1.28 EPS. The firm’s revenue was up 13.9% compared to the same quarter last year. Equities research analysts anticipate that Westinghouse Air Brake Technologies will post 7.26 EPS for the current year.

Westinghouse Air Brake Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.50%. Westinghouse Air Brake Technologies’s payout ratio is 15.63%.

About Westinghouse Air Brake Technologies

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.