Westinghouse Air Brake Technologies (NYSE:WAB) Price Target Raised to $184.00 at Bank of America

Westinghouse Air Brake Technologies (NYSE:WAB) had its price objective hoisted by Bank of America from $183.00 to $184.00 in a research report report published on Monday, Benzinga reports. They currently have a buy rating on the transportation company’s stock.

Several other research firms have also recently weighed in on WAB. Stephens increased their price objective on Westinghouse Air Brake Technologies from $165.00 to $180.00 and gave the stock an overweight rating in a research report on Thursday, April 25th. TD Cowen increased their price objective 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. The Goldman Sachs Group increased their price objective on Westinghouse Air Brake Technologies from $160.00 to $181.00 and gave the stock a neutral rating in a research report on Tuesday, June 4th. KeyCorp raised 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. Finally, Susquehanna raised their price target on Westinghouse Air Brake Technologies from $160.00 to $190.00 and gave the stock a positive rating in a research report on Thursday, April 25th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Westinghouse Air Brake Technologies has an average rating of Moderate Buy and a consensus price target of $160.82.

Westinghouse Air Brake Technologies Stock Down 6.4 %

WAB stock opened at $157.30 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.52 and a quick ratio of 0.77. The stock has a market capitalization of $27.74 billion, a price-to-earnings ratio of 30.72, a PEG ratio of 1.49 and a beta of 1.29. The business’s fifty day moving average price is $163.71 and its two-hundred day moving average price is $150.19. Westinghouse Air Brake Technologies has a fifty-two week low of $98.70 and a fifty-two week high of $170.83.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its quarterly earnings data on Wednesday, July 24th. The transportation company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.08. The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Westinghouse Air Brake Technologies had a return on equity of 11.25% and a net margin of 9.20%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.41 EPS. On average, equities analysts anticipate that Westinghouse Air Brake Technologies will post 7.34 earnings per share for the current year.

Westinghouse Air Brake Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Wednesday, August 14th. Westinghouse Air Brake Technologies’s payout ratio is 15.63%.

Insider Transactions at Westinghouse Air Brake Technologies

In other news, Director Albert J. Neupaver sold 29,100 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $161.63, for a total transaction of $4,703,433.00. Following the completion of the transaction, the director now directly owns 595,412 shares in the company, valued at $96,236,441.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Pascal Schweitzer sold 6,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $162.74, for a total transaction of $976,440.00. Following the completion of the transaction, the insider now directly owns 10,633 shares in the company, valued at $1,730,414.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Albert J. Neupaver sold 29,100 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $161.63, for a total value of $4,703,433.00. Following the transaction, the director now owns 595,412 shares of the company’s stock, valued at $96,236,441.56. The disclosure for this sale can be found here. Insiders sold 36,746 shares of company stock worth $5,955,249 over the last ninety days. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Westinghouse Air Brake Technologies

A number of hedge funds have recently added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV increased its holdings in Westinghouse Air Brake Technologies by 26.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the transportation company’s stock worth $90,000 after purchasing an additional 118 shares in the last quarter. Greenleaf Trust increased its holdings in Westinghouse Air Brake Technologies by 4.3% in the first quarter. Greenleaf Trust now owns 3,201 shares of the transportation company’s stock worth $466,000 after purchasing an additional 133 shares in the last quarter. First Hawaiian Bank increased its holdings in Westinghouse Air Brake Technologies by 4.4% in the first quarter. First Hawaiian Bank now owns 3,699 shares of the transportation company’s stock worth $539,000 after purchasing an additional 157 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in Westinghouse Air Brake Technologies by 36.8% in the first quarter. V Square Quantitative Management LLC now owns 2,624 shares of the transportation company’s stock worth $382,000 after purchasing an additional 706 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC increased its holdings in Westinghouse Air Brake Technologies by 17.4% in the first quarter. Silvercrest Asset Management Group LLC now owns 7,727 shares of the transportation company’s stock worth $1,126,000 after purchasing an additional 1,146 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.

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.