Westinghouse Air Brake Technologies (NYSE:WAB) PT Raised to $162.00

Westinghouse Air Brake Technologies (NYSE:WAB) had its target price hoisted by Bank of America from $156.00 to $162.00 in a research report sent to investors on Monday morning, Benzinga reports. They currently have a buy rating on the transportation company’s stock.

WAB has been the topic of a number of other reports. KeyCorp upped their price objective on shares of Westinghouse Air Brake Technologies from $133.00 to $155.00 and gave the company an overweight rating in a research note on Thursday, February 15th. Wells Fargo & Company upped their price objective on shares of Westinghouse Air Brake Technologies from $135.00 to $150.00 and gave the company an overweight rating in a research note on Thursday, February 15th. Redburn Atlantic lowered shares of Westinghouse Air Brake Technologies from a buy rating to a neutral rating and set a $135.00 price objective on the stock. in a research note on Thursday, February 15th. Susquehanna boosted their target price on shares of Westinghouse Air Brake Technologies from $150.00 to $160.00 and gave the company a positive rating in a research report on Thursday, February 15th. Finally, Stephens boosted their target price on shares of Westinghouse Air Brake Technologies from $153.00 to $155.00 and gave the company an overweight rating in a research report on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $146.40.

Westinghouse Air Brake Technologies Trading Down 0.6 %

WAB opened at $145.24 on Monday. Westinghouse Air Brake Technologies has a fifty-two week low of $91.89 and a fifty-two week high of $151.00. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.20 and a quick ratio of 0.63. The firm has a market capitalization of $25.68 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 1.68 and a beta of 1.40. The company’s 50 day moving average price is $141.54 and its two-hundred day moving average price is $125.90.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its quarterly earnings data on Wednesday, February 14th. The transportation company reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.04). Westinghouse Air Brake Technologies had a net margin of 8.42% and a return on equity of 10.34%. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.48 billion. During the same period in the prior year, the company posted $1.30 earnings per share. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, research analysts predict that Westinghouse Air Brake Technologies will post 6.73 earnings per share for the current year.

Westinghouse Air Brake Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.20 per share. This is an increase from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.80 annualized dividend and a yield of 0.55%. Westinghouse Air Brake Technologies’s dividend payout ratio is presently 17.70%.

Insiders Place Their Bets

In other Westinghouse Air Brake Technologies news, VP David L. Deninno sold 6,607 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $135.61, for a total transaction of $895,975.27. Following the transaction, the vice president now owns 65,535 shares in the company, valued at $8,887,201.35. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Rafael Santana sold 40,219 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $140.62, for a total value of $5,655,595.78. Following the completion of the sale, the chief executive officer now owns 123,019 shares in the company, valued at $17,298,931.78. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP David L. Deninno sold 6,607 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $135.61, for a total transaction of $895,975.27. Following the completion of the sale, the vice president now owns 65,535 shares of the company’s stock, valued at approximately $8,887,201.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 63,964 shares of company stock worth $8,924,584. Insiders own 1.10% of the company’s stock.

Institutional Trading of Westinghouse Air Brake Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the company. Neuberger Berman Group LLC raised its holdings in shares of 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 purchasing an additional 26,351 shares during the last quarter. Applied Finance Capital Management LLC grew its position in Westinghouse Air Brake Technologies by 9.8% during the fourth quarter. Applied Finance Capital Management LLC now owns 159,384 shares of the transportation company’s stock valued at $20,226,000 after buying an additional 14,285 shares during the period. WASHINGTON TRUST Co grew its position in Westinghouse Air Brake Technologies by 0.5% during the third quarter. WASHINGTON TRUST Co now owns 157,051 shares of the transportation company’s stock valued at $16,690,000 after buying an additional 760 shares during the period. State of Tennessee Treasury Department grew its position in Westinghouse Air Brake Technologies by 13.8% during the first quarter. State of Tennessee Treasury Department now owns 115,233 shares of the transportation company’s stock valued at $11,645,000 after buying an additional 13,949 shares during the period. Finally, BNP Paribas Financial Markets grew its position in Westinghouse Air Brake Technologies by 7.7% during the fourth quarter. BNP Paribas Financial Markets now owns 81,916 shares of the transportation company’s stock valued at $10,395,000 after buying an additional 5,859 shares during the period. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Westinghouse Air Brake Technologies Company Profile

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.