Susquehanna Raises Westinghouse Air Brake Technologies (NYSE:WAB) Price Target to $190.00

Westinghouse Air Brake Technologies (NYSE:WAB) had its price target boosted by equities researchers at Susquehanna from $160.00 to $190.00 in a report released on Thursday, Benzinga reports. The firm currently has a “positive” rating on the transportation company’s stock. Susquehanna’s target price would suggest a potential upside of 16.29% from the company’s current price.

Several other equities analysts also recently commented on WAB. Wells Fargo & Company increased their target price on Westinghouse Air Brake Technologies from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Stephens lifted their target price on Westinghouse Air Brake Technologies from $153.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. TD Cowen increased their price target on Westinghouse Air Brake Technologies from $130.00 to $147.00 and gave the company a “hold” rating in a research note on Thursday. KeyCorp raised their price objective on Westinghouse Air Brake Technologies from $133.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Finally, Bank of America upped their target price on Westinghouse Air Brake Technologies from $156.00 to $162.00 and gave the company a “buy” rating in a report on Monday, April 15th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $151.18.

Westinghouse Air Brake Technologies Stock Up 10.0 %

WAB stock opened at $163.38 on Thursday. The stock has a market capitalization of $28.89 billion, a P/E ratio of 36.15, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40. The company has a current ratio of 1.20, a quick ratio of 0.63 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average price of $142.63 and a 200-day moving average price of $127.64. Westinghouse Air Brake Technologies has a 12 month low of $91.89 and a 12 month high of $167.49.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its earnings results on Wednesday, February 14th. The transportation company reported $1.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.04). The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.48 billion. Westinghouse Air Brake Technologies had a net margin of 8.42% and a return on equity of 10.34%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.30 EPS. As a group, equities research analysts anticipate that Westinghouse Air Brake Technologies will post 6.73 EPS for the current fiscal year.

Insider Buying and Selling at Westinghouse Air Brake Technologies

In related news, CEO Rafael Santana sold 40,219 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $140.62, for a total transaction of $5,655,595.78. Following the transaction, the chief executive officer now directly owns 123,019 shares of the company’s stock, valued at $17,298,931.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Westinghouse Air Brake Technologies news, CEO Rafael Santana sold 40,219 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $140.62, for a total value of $5,655,595.78. Following the completion of the sale, the chief executive officer now owns 123,019 shares in the company, valued at approximately $17,298,931.78. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Brian Hehir sold 5,470 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $135.80, for a total value of $742,826.00. Following the completion of the transaction, the director now owns 23,065 shares in the company, valued at approximately $3,132,227. The disclosure for this sale can be found here. In the last three months, insiders have sold 63,964 shares of company stock worth $8,924,584. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Westinghouse Air Brake Technologies

Several hedge funds have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC increased its stake in shares of Westinghouse Air Brake Technologies by 36.8% during the 1st 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 during the last quarter. First Hawaiian Bank increased its position 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 buying an additional 157 shares during the last quarter. Applied Finance Capital Management LLC raised its stake in shares of Westinghouse Air Brake Technologies by 9.8% in the fourth quarter. Applied Finance Capital Management LLC now owns 159,384 shares of the transportation company’s stock valued at $20,226,000 after buying an additional 14,285 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Westinghouse Air Brake Technologies by 7.7% during the 4th quarter. BNP Paribas Financial Markets now owns 81,916 shares of the transportation company’s stock worth $10,395,000 after acquiring an additional 5,859 shares during the period. Finally, Handelsinvest Investeringsforvaltning purchased a new stake in Westinghouse Air Brake Technologies in the 4th quarter worth about $1,030,000. Institutional investors own 91.69% of the company’s stock.

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.