Westinghouse Air Brake Technologies (NYSE:WAB) PT Raised to $152.00

Westinghouse Air Brake Technologies (NYSE:WAB) had its price objective boosted by The Goldman Sachs Group from $138.00 to $152.00 in a research report report published on Tuesday, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the transportation company’s stock.

WAB has been the topic of a number of other reports. Bank of America lifted their target price on Westinghouse Air Brake Technologies from $156.00 to $162.00 and gave the stock a buy rating in a research report on Monday. Wells Fargo & Company raised their price target on shares of Westinghouse Air Brake Technologies from $135.00 to $150.00 and gave the stock an overweight rating in a research note on Thursday, February 15th. KeyCorp raised their price target on shares of Westinghouse Air Brake Technologies from $133.00 to $155.00 and gave the stock an overweight rating in a research note on Thursday, February 15th. Morgan Stanley began coverage on shares of Westinghouse Air Brake Technologies in a research note on Monday, January 8th. They set an overweight rating and a $137.00 price target for the company. Finally, Susquehanna raised their price target on shares of Westinghouse Air Brake Technologies from $150.00 to $160.00 and gave the stock a positive rating in a research note on Thursday, February 15th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Westinghouse Air Brake Technologies currently has a consensus rating of Moderate Buy and an average target price of $146.91.

Westinghouse Air Brake Technologies Stock Up 0.2 %

WAB stock opened at $145.47 on Tuesday. Westinghouse Air Brake Technologies has a twelve month low of $91.89 and a twelve month high of $151.00. The company has a market cap of $25.72 billion, a PE ratio of 32.18, a price-to-earnings-growth ratio of 1.68 and a beta of 1.40. The business’s 50-day simple moving average is $141.75 and its 200 day simple moving average is $126.18. The company has a quick ratio of 0.63, a current ratio of 1.20 and a debt-to-equity ratio of 0.31.

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

Westinghouse Air Brake Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were paid a $0.20 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.55%. This is a boost from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.17. Westinghouse Air Brake Technologies’s payout ratio is 17.70%.

Insider Activity

In other news, CEO Rafael Santana sold 40,219 shares of Westinghouse Air Brake Technologies stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 123,019 shares in the company, valued at $17,298,931.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Rafael Santana sold 40,219 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $17,298,931.78. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Pascal Schweitzer sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $140.61, for a total transaction of $843,660.00. Following the completion of the sale, the insider now directly owns 16,633 shares of the company’s stock, valued at approximately $2,338,766.13. The disclosure for this sale can be found here. Over the last 90 days, insiders 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

Hedge funds and other institutional investors have recently modified their holdings of the stock. iA Global Asset Management Inc. acquired a new stake in shares of Westinghouse Air Brake Technologies in the third quarter valued at approximately $1,915,000. First Hawaiian Bank grew its holdings in Westinghouse Air Brake Technologies by 49.1% during the 4th quarter. First Hawaiian Bank now owns 3,542 shares of the transportation company’s stock worth $449,000 after acquiring an additional 1,167 shares during the period. Handelsinvest Investeringsforvaltning acquired a new stake in Westinghouse Air Brake Technologies during the 4th quarter worth $1,030,000. Watchman Group Inc. grew its holdings in Westinghouse Air Brake Technologies by 0.9% during the 3rd quarter. Watchman Group Inc. now owns 28,921 shares of the transportation company’s stock worth $3,073,000 after acquiring an additional 269 shares during the period. Finally, Applied Finance Capital Management LLC grew its holdings in Westinghouse Air Brake Technologies by 5.7% during the 3rd quarter. Applied Finance Capital Management LLC now owns 145,099 shares of the transportation company’s stock worth $15,420,000 after acquiring an additional 7,785 shares during the period. Institutional investors and hedge funds 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.