Analysts Set Westinghouse Air Brake Technologies Co. (NYSE:WAB) PT at $206.33

Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) have earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the company, 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 twelve-month target price among brokerages that have covered the stock in the last year is $206.33.

Several research analysts recently commented on the company. Bank of America lifted their price target on Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. StockNews.com cut Westinghouse Air Brake Technologies from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Finally, Stephens restated an “overweight” rating and set a $220.00 price target on shares of Westinghouse Air Brake Technologies in a report on Thursday, February 13th.

Insider Activity at Westinghouse Air Brake Technologies

In other news, CEO Rafael Santana sold 886 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $182.34, for a total transaction of $161,553.24. Following the completion of the sale, the chief executive officer now directly owns 176,295 shares of the company’s stock, valued at approximately $32,145,630.30. The trade was a 0.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Westinghouse Air Brake Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WAB. Putney Financial Group LLC bought a new position in Westinghouse Air Brake Technologies in the 4th quarter worth about $52,000. Garde Capital Inc. bought a new position in Westinghouse Air Brake Technologies in the third quarter worth approximately $110,000. Dorsey & Whitney Trust CO LLC bought a new stake in Westinghouse Air Brake Technologies during the 4th quarter valued at $204,000. GF Fund Management CO. LTD. purchased a new stake in shares of Westinghouse Air Brake Technologies in the 4th quarter worth $205,000. Finally, Camden National Bank purchased a new stake in shares of Westinghouse Air Brake Technologies in the 3rd quarter worth $222,000. Institutional investors own 91.69% of the company’s stock.

Westinghouse Air Brake Technologies Price Performance

NYSE:WAB opened at $181.52 on Monday. The business’s 50-day moving average is $191.63 and its 200 day moving average is $191.39. Westinghouse Air Brake Technologies has a 12 month low of $143.22 and a 12 month high of $210.88. The company has a market capitalization of $31.01 billion, a P/E ratio of 30.10, a P/E/G ratio of 1.50 and a beta of 1.31. The company has a current ratio of 1.30, a quick ratio of 0.69 and a debt-to-equity ratio of 0.34.

Westinghouse Air Brake Technologies (NYSE:WAB) last released its quarterly earnings data on Wednesday, February 12th. The transportation company reported $1.68 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.06). Westinghouse Air Brake Technologies had a net margin of 10.17% and a return on equity of 12.78%. On average, equities research analysts forecast that Westinghouse Air Brake Technologies will post 8.54 earnings per share for the current fiscal year.

Westinghouse Air Brake Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.55%. This is an increase from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, February 21st. Westinghouse Air Brake Technologies’s dividend payout ratio is presently 16.58%.

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.