Westinghouse Air Brake Technologies (NYSE:WAB – Get Rating) updated its FY22 earnings guidance on Wednesday. The company provided EPS guidance of $4.65-$5.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.84. The company issued revenue guidance of $8.30-$8.60 billion, compared to the consensus revenue estimate of $8.37 billion.
Several brokerages have weighed in on WAB. Wells Fargo & Company increased their price objective on Westinghouse Air Brake Technologies from $105.00 to $110.00 and gave the company an overweight rating in a report on Monday, January 10th. Stephens raised their price objective on Westinghouse Air Brake Technologies from $105.00 to $110.00 and gave the company an overweight rating in a research note on Thursday, February 17th. StockNews.com cut Westinghouse Air Brake Technologies from a buy rating to a hold rating in a research note on Saturday. Finally, Wolfe Research cut Westinghouse Air Brake Technologies from a market perform rating to an underperform rating and set a $92.00 target price on the stock. in a research note on Thursday, January 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Westinghouse Air Brake Technologies currently has a consensus rating of Hold and a consensus target price of $99.86.
Shares of WAB stock opened at $86.51 on Wednesday. The company’s fifty day simple moving average is $92.74 and its two-hundred day simple moving average is $92.15. The company has a quick ratio of 0.74, a current ratio of 1.32 and a debt-to-equity ratio of 0.40. The stock has a market cap of $15.94 billion, a P/E ratio of 29.23, a PEG ratio of 1.71 and a beta of 1.58. Westinghouse Air Brake Technologies has a 52 week low of $76.30 and a 52 week high of $100.04.
The firm also recently announced a quarterly dividend, which was paid on Monday, February 28th. Stockholders of record on Friday, February 25th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.69%. This is a boost from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Thursday, February 24th. Westinghouse Air Brake Technologies’s dividend payout ratio is currently 20.27%.
In other Westinghouse Air Brake Technologies news, VP David L. Deninno sold 5,000 shares of the company’s stock in a transaction dated Friday, February 18th. The shares were sold at an average price of $95.36, for a total value of $476,800.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Albert J. Neupaver sold 55,877 shares of the company’s stock in a transaction dated Tuesday, February 22nd. The stock was sold at an average price of $96.80, for a total transaction of $5,408,893.60. The disclosure for this sale can be found here. Insiders sold a total of 65,889 shares of company stock worth $6,363,538 over the last three months. 4.39% of the stock is currently owned by corporate insiders.
An institutional investor recently raised its position in Westinghouse Air Brake Technologies stock. State of Tennessee Treasury Department increased its holdings in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB – Get Rating) by 42.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 137,779 shares of the transportation company’s stock after purchasing an additional 41,071 shares during the period. State of Tennessee Treasury Department owned 0.07% of Westinghouse Air Brake Technologies worth $12,691,000 as of its most recent SEC filing. Institutional investors and hedge funds own 90.09% of the company’s stock.
Westinghouse Air Brake Technologies Company Profile (Get Rating)
Westinghouse Air Brake Technologies Corporation provides technology-based equipment, systems, and services for the freight rail and passenger transit industries worldwide. It operates through two segments, Freight and Transit. The Freight segment manufactures and services components for new and existing freight cars and locomotives; builds new commuter locomotives; rebuilds freight locomotives; supplies railway electronics, positive train control equipment, signal design, and engineering services; and provides related heat exchange and cooling systems.
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