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

Westinghouse Air Brake Technologies Co. (NYSE:WAB) has been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $175.30.

Several brokerages have recently weighed in on WAB. The Goldman Sachs Group upped their price objective on shares of Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. KeyCorp upped their price target on Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Stephens raised their price objective on Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Finally, Susquehanna upped their target price on Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the stock a “positive” rating in a research report on Monday, October 21st.

Westinghouse Air Brake Technologies Trading Up 1.8 %

NYSE WAB opened at $193.03 on Friday. The stock has a market capitalization of $33.18 billion, a P/E ratio of 32.17, a P/E/G ratio of 1.45 and a beta of 1.26. The business has a 50 day simple moving average of $195.69 and a 200 day simple moving average of $175.83. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.65. Westinghouse Air Brake Technologies has a one year low of $123.76 and a one year high of $207.51.

Westinghouse Air Brake Technologies (NYSE:WAB) last announced its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.87 by $0.13. Westinghouse Air Brake Technologies had a net margin of 10.25% and a return on equity of 12.52%. The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter last year, the firm posted $1.70 EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis. Research analysts expect that Westinghouse Air Brake Technologies will post 7.6 earnings per share for the current year.

Westinghouse Air Brake Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.80 annualized dividend and a yield of 0.41%. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is currently 13.33%.

Insider Activity at Westinghouse Air Brake Technologies

In other news, Director Albert J. Neupaver sold 35,722 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $188.70, for a total value of $6,740,741.40. Following the transaction, the director now owns 614,447 shares in the company, valued at $115,946,148.90. The trade was a 5.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO John A. Mastalerz, Jr. sold 2,796 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $199.71, for a total value of $558,389.16. Following the sale, the chief accounting officer now directly owns 5,683 shares of the company’s stock, valued at $1,134,951.93. The trade was a 32.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 49,393 shares of company stock valued at $9,350,243. 1.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of WAB. Pinnacle Bancorp Inc. grew its position in shares of Westinghouse Air Brake Technologies by 55.0% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 155 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 55 shares during the period. Eastern Bank bought a new stake in shares of Westinghouse Air Brake Technologies in the 3rd quarter worth approximately $33,000. Garde Capital Inc. purchased a new position in Westinghouse Air Brake Technologies in the third quarter valued at approximately $110,000. Camden National Bank bought a new position in Westinghouse Air Brake Technologies during the third quarter valued at $222,000. Finally, Harvest Fund Management Co. Ltd increased its position in Westinghouse Air Brake Technologies by 10.4% in the third quarter. Harvest Fund Management Co. Ltd now owns 1,820 shares of the transportation company’s stock worth $331,000 after buying an additional 172 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

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.