Analysts Set Westinghouse Air Brake Technologies Co. (NYSE:WAB) PT at $211.83

Westinghouse Air Brake Technologies Co. (NYSE:WAB) has received a consensus rating of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $211.83.

Several equities research analysts have recently issued reports on WAB shares. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $201.00 price objective (up from $175.00) on shares of Westinghouse Air Brake Technologies in a research note on Wednesday, April 23rd. Wall Street Zen raised Westinghouse Air Brake Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, May 6th. Susquehanna dropped their target price on Westinghouse Air Brake Technologies from $218.00 to $210.00 and set a “positive” rating on the stock in a research note on Thursday, April 24th. JPMorgan Chase & Co. boosted their price target on Westinghouse Air Brake Technologies from $175.00 to $194.00 and gave the company a “neutral” rating in a research note on Thursday, April 24th. Finally, Stephens reissued an “overweight” rating and issued a $220.00 price objective on shares of Westinghouse Air Brake Technologies in a report on Thursday, February 13th.

Insider Activity

In other news, insider Rogerio Mendonca sold 4,033 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $200.04, for a total transaction of $806,761.32. Following the completion of the transaction, the insider now directly owns 11,535 shares in the company, valued at $2,307,461.40. This trade represents a 25.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Rafael Santana sold 886 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $185.07, for a total value of $163,972.02. Following the completion of the sale, the chief executive officer now owns 201,558 shares in the company, valued at approximately $37,302,339.06. The trade was a 0.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 98,289 shares of company stock worth $18,950,281 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Westinghouse Air Brake Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. grew its holdings in shares of Westinghouse Air Brake Technologies by 2,220.1% during the first quarter. Pacer Advisors Inc. now owns 738,038 shares of the transportation company’s stock worth $133,843,000 after buying an additional 706,227 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Westinghouse Air Brake Technologies by 46.0% in the 1st quarter. BNP Paribas Financial Markets now owns 380,793 shares of the transportation company’s stock valued at $69,057,000 after acquiring an additional 120,057 shares during the last quarter. Rhumbline Advisers raised its holdings in Westinghouse Air Brake Technologies by 3.0% in the 1st quarter. Rhumbline Advisers now owns 313,459 shares of the transportation company’s stock valued at $56,846,000 after acquiring an additional 9,041 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of Westinghouse Air Brake Technologies by 16.0% during the 1st quarter. New York State Common Retirement Fund now owns 142,163 shares of the transportation company’s stock worth $25,781,000 after buying an additional 19,600 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Westinghouse Air Brake Technologies during the 4th quarter worth $22,509,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Westinghouse Air Brake Technologies Stock Down 0.3%

Westinghouse Air Brake Technologies stock opened at $204.00 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.69 and a current ratio of 1.30. The stock has a fifty day moving average of $189.57 and a 200 day moving average of $191.74. The stock has a market cap of $34.91 billion, a PE ratio of 33.83, a price-to-earnings-growth ratio of 1.50 and a beta of 1.12. Westinghouse Air Brake Technologies has a one year low of $147.66 and a one year high of $210.88.

Westinghouse Air Brake Technologies (NYSE:WAB) last released its earnings results on Wednesday, April 23rd. The transportation company reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.25. Westinghouse Air Brake Technologies had a return on equity of 12.78% and a net margin of 10.17%. The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter last year, the business posted $1.89 earnings per share. The firm’s revenue was up 4.5% on a year-over-year basis. As a group, sell-side analysts predict that Westinghouse Air Brake Technologies will post 8.54 EPS for the current year.

Westinghouse Air Brake Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Tuesday, May 27th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.49%. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is presently 15.67%.

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.