Westinghouse Air Brake Technologies Co. (NYSE:WAB) Given Consensus Rating of “Moderate Buy” by Brokerages

Westinghouse Air Brake Technologies Co. (NYSE:WAB – Get Rating) has received an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $111.83.

A number of analysts have recently issued reports on WAB shares. KeyCorp raised their price target on shares of Westinghouse Air Brake Technologies from $110.00 to $112.00 and gave the stock an “overweight” rating in a report on Friday, February 17th. Citigroup lifted their target price on shares of Westinghouse Air Brake Technologies from $95.00 to $114.00 and gave the company a “neutral” rating in a report on Thursday, February 16th. Morgan Stanley lifted their target price on shares of Westinghouse Air Brake Technologies from $106.00 to $107.00 and gave the company an “equal weight” rating in a report on Tuesday, February 21st. Raymond James lifted their target price on shares of Westinghouse Air Brake Technologies from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, February 16th. Finally, Bank of America upgraded shares of Westinghouse Air Brake Technologies from an “underperform” rating to a “neutral” rating in a report on Tuesday, January 17th.

Insiders Place Their Bets

In other Westinghouse Air Brake Technologies news, insider Michael Fetsko sold 7,676 shares of the business’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $104.63, for a total value of $803,139.88. Following the completion of the transaction, the insider now owns 32,244 shares in the company, valued at $3,373,689.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Westinghouse Air Brake Technologies news, insider Michael Fetsko sold 7,676 shares of the business’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $104.63, for a total value of $803,139.88. Following the completion of the transaction, the insider now owns 32,244 shares in the company, valued at $3,373,689.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Brian Hehir sold 2,881 shares of Westinghouse Air Brake Technologies stock in a transaction on Friday, February 17th. The stock was sold at an average price of $104.73, for a total transaction of $301,727.13. Following the sale, the director now directly owns 27,878 shares of the company’s stock, valued at $2,919,662.94. The disclosure for this sale can be found here. Insiders sold a total of 88,834 shares of company stock worth $9,306,731 over the last 90 days. Corporate insiders own 1.22% of the company’s stock.

Institutional Investors Weigh In On Westinghouse Air Brake Technologies

Several institutional investors have recently modified their holdings of the company. Mackenzie Financial Corp lifted its position in shares of Westinghouse Air Brake Technologies by 0.4% during the 3rd quarter. Mackenzie Financial Corp now owns 2,404,121 shares of the transportation company’s stock worth $195,575,000 after purchasing an additional 10,332 shares during the last quarter. Rhumbline Advisers lifted its position in Westinghouse Air Brake Technologies by 12.1% in the second quarter. Rhumbline Advisers now owns 316,576 shares of the transportation company’s stock valued at $25,985,000 after acquiring an additional 34,084 shares during the last quarter. Neuberger Berman Group LLC lifted its position in Westinghouse Air Brake Technologies by 10.1% in the third quarter. Neuberger Berman Group LLC now owns 287,515 shares of the transportation company’s stock valued at $23,389,000 after acquiring an additional 26,351 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its position in Westinghouse Air Brake Technologies by 0.5% in the third quarter. Diamond Hill Capital Management Inc. now owns 99,700 shares of the transportation company’s stock valued at $8,111,000 after acquiring an additional 474 shares during the last quarter. Finally, M&T Bank Corp lifted its position in Westinghouse Air Brake Technologies by 752.3% in the fourth quarter. M&T Bank Corp now owns 68,776 shares of the transportation company’s stock valued at $902,000 after acquiring an additional 60,707 shares during the last quarter. 89.47% of the stock is owned by hedge funds and other institutional investors.

Westinghouse Air Brake Technologies Stock Up 1.0 %

Shares of NYSE WAB opened at $107.32 on Friday. The company has a 50 day simple moving average of $103.18 and a 200-day simple moving average of $96.43. The company has a market capitalization of $19.36 billion, a P/E ratio of 31.11, a P/E/G ratio of 1.72 and a beta of 1.48. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.25 and a quick ratio of 0.66. Westinghouse Air Brake Technologies has a 1 year low of $78.26 and a 1 year high of $107.39.

Westinghouse Air Brake Technologies (NYSE:WAB – Get Rating) last announced its quarterly earnings results on Wednesday, February 15th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.30. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.21 billion. Westinghouse Air Brake Technologies had a net margin of 7.57% and a return on equity of 8.88%. The business’s revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.18 EPS. On average, equities research analysts predict that Westinghouse Air Brake Technologies will post 5.37 earnings per share for the current year.

Westinghouse Air Brake Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Shareholders of record on Friday, February 24th will be paid a $0.17 dividend. This is an increase from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, February 23rd. This represents a $0.68 annualized dividend and a dividend yield of 0.63%. Westinghouse Air Brake Technologies’s payout ratio is 19.71%.

About Westinghouse Air Brake Technologies

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Westinghouse Air Brake Technologies Corp. engages in the provision of equipment, systems, and value-added services for the rail industry. It operates through the Freight and Transit segments. The Freight segment builds new locomotives, manufactures and services components for new and existing freight cars and locomotives, rebuilds freight locomotives, supplies railway electronics, positive train control equipment, and signal design and engineering services, and provides related heat exchange and cooling systems.