Westinghouse Air Brake Technologies Co. (NYSE:WAB) has received an average recommendation of “moderate buy” from analysts

Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB – Get Free Report ) has been assigned a consensus rating of “Moderate Buy” by the ten analysts that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $163.90.

Several brokerages recently weighed in on WAB. TD Cowen boosted their price target on Westinghouse Air Brake Technologies from $130.00 to $147.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. Bank of America boosted their price target on Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Susquehanna upped their price target on Westinghouse Air Brake Technologies from $160.00 to $190.00 and gave the company a “positive” rating in a research report on Thursday, April 25th. Stephens boosted their price target on Westinghouse Air Brake Technologies from $165.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Finally, KeyCorp boosted their price target on Westinghouse Air Brake Technologies from $155.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th.

Check out our latest research report on WAB

Insider activity at Westinghouse Air Brake Technologies

In other news, Director Brian Hehir sold 1,000 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $161.62, for a total value of $161,620.00. Following the completion of the sale, the director now owns 23,230 shares of the company’s stock, valued at approximately $3,754,432.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other news, Director Brian Hehir sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $161.62, for a total value of $161,620.00. Following the completion of the sale, the director now directly owns 23,230 shares of the company’s stock, valued at approximately $3,754,432.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Nicole B. Theophilus sold 4,801 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $154.64, for a total transaction of $742,426.64. Following the completion of the sale, the executive vice president now directly owns 15,608 shares of the company’s stock, valued at $2,413,621.12. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s shares.

Institutional investors weigh in on Westinghouse Air Brake Technologies

A number of large investors have recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV grew its stake 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 valued at $90,000 after purchasing an additional 118 shares during the period. Dorsey & Whitney Trust CO LLC purchased a new position in Westinghouse Air Brake Technologies in the first quarter valued at approximately $204,000. V Square Quantitative Management LLC boosted its stake 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 valued at $382,000 after purchasing an additional 706 shares during the period. Greenleaf Trust raised its stake 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 valued at $466,000 after buying an additional 133 shares during the period. Finally, First Hawaiian Bank raised its stake 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 valued at $539,000 after buying an additional 157 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s shares.

Westinghouse Air Brake Technologies stock performance

NYSE WAB opened at $155.07 on Friday. The stock has a 50-day simple moving average of $160.63 and a two-hundred-day simple moving average of $152.61. The firm has a market cap of $27.35 billion, a P/E ratio of 30.29, a PEG ratio of 1.27 and a beta of 1.29. Westinghouse Air Brake Technologies has a fifty-two week low of $98.70 and a fifty-two week high of $170.83. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.73, and a current ratio of 1.38.

Westinghouse Air Brake Technologies (NYSE:WAB – Get Your Free Report ) last announced its quarterly earnings results 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. Westinghouse Air Brake Technologies had a return on equity of 12.05% and a net margin of 9.94%. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.64 billion. In the same quarter last year, the business earned $1.41 EPS. Westinghouse Air Brake Technologies’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, equities analysts anticipate that Westinghouse Air Brake Technologies will post 7.42 earnings per share for the current year.

Westinghouse Air Brake Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, August 14. This represents an annualized dividend of $0.80 and a dividend yield of 0.52%. Westinghouse Air Brake Technologies’s payout ratio is 15.63%.

Westinghouse Air Brake Technologies Company Profile

(Get a free report

Westinghouse Air Brake Technologies Corporation, together with its subsidiaries, provides technology-based locomotives, equipment, systems and services to the rail freight and passenger transit industries worldwide. Offers diesel-electric, battery and liquid natural gas locomotives; engines, electric motors and propulsion systems; and marine and mining products.

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