Westinghouse Air Brake Technologies (NYSE:WAB) Price Target Increased to $181.00 by Analysts at The Goldman Sachs Group

Westinghouse Air Brake Technologies (NYSE:WABFree Report) had its price objective raised by The Goldman Sachs Group from $160.00 to $181.00 in a research report released on Tuesday morning, Benzinga reports. The brokerage currently has a neutral rating on the transportation company’s stock.

Several other research analysts also recently issued reports on the company. Stephens lifted their price objective on Westinghouse Air Brake Technologies from $165.00 to $180.00 and gave the stock an overweight rating in a research report on Thursday, April 25th. KeyCorp increased their price target on Westinghouse Air Brake Technologies from $155.00 to $185.00 and gave the company an overweight rating in a report on Thursday, April 25th. Susquehanna increased their target price on Westinghouse Air Brake Technologies from $160.00 to $190.00 and gave the stock a positive rating in a report on Thursday, April 25th. Bank of America increased their target price on Westinghouse Air Brake Technologies from $156.00 to $162.00 and gave the stock a buy rating in a report on Monday, April 15th. Finally, Wells Fargo & Company increased their target price on Westinghouse Air Brake Technologies from $135.00 to $150.00 and gave the stock an overweight rating in a report on Thursday, February 15th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $158.82.

Check Out Our Latest Stock Report on WAB

Westinghouse Air Brake Technologies Stock Performance

Shares of WAB stock opened at $164.79 on Tuesday. The company has a market capitalization of $29.07 billion, a P/E ratio of 32.19, a P/E/G ratio of 1.51 and a beta of 1.32. The business’s 50 day moving average is $158.35 and its two-hundred day moving average is $140.16. The company has a current ratio of 1.52, a quick ratio of 0.77 and a debt-to-equity ratio of 0.38. Westinghouse Air Brake Technologies has a 12-month low of $96.15 and a 12-month high of $170.83.

Westinghouse Air Brake Technologies (NYSE:WABGet Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.40 billion. Westinghouse Air Brake Technologies had a return on equity of 11.25% and a net margin of 9.20%. The firm’s revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.28 earnings per share. Analysts expect that Westinghouse Air Brake Technologies will post 7.26 EPS for the current fiscal year.

Westinghouse Air Brake Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, May 24th. This represents a $0.80 annualized dividend and a yield of 0.49%. Westinghouse Air Brake Technologies’s dividend payout ratio is 15.63%.

Insider Activity at Westinghouse Air Brake Technologies

In other Westinghouse Air Brake Technologies news, insider Pascal Schweitzer sold 6,000 shares of Westinghouse Air Brake Technologies stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $140.61, for a total transaction of $843,660.00. Following the sale, the insider now directly owns 16,633 shares of the company’s stock, valued at $2,338,766.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Westinghouse Air Brake Technologies news, CEO Rafael Santana sold 40,219 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $140.62, for a total transaction of $5,655,595.78. Following the transaction, the chief executive officer now owns 123,019 shares of the company’s stock, valued at approximately $17,298,931.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Pascal Schweitzer sold 6,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $140.61, for a total value of $843,660.00. Following the transaction, the insider now directly owns 16,633 shares in the company, valued at approximately $2,338,766.13. The disclosure for this sale can be found here. Insiders have sold 96,363 shares of company stock worth $14,563,612 over the last three months. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Westinghouse Air Brake Technologies

A number of large investors have recently made changes to their positions in the company. Greenleaf Trust lifted its stake in Westinghouse Air Brake Technologies by 4.3% in the 1st quarter. Greenleaf Trust now owns 3,201 shares of the transportation company’s stock valued at $466,000 after purchasing an additional 133 shares during the last quarter. First Hawaiian Bank increased its stake in Westinghouse Air Brake Technologies by 4.4% in the first quarter. First Hawaiian Bank now owns 3,699 shares of the transportation company’s stock valued at $539,000 after acquiring an additional 157 shares during the last quarter. Watchman Group Inc. increased its stake in Westinghouse Air Brake Technologies by 0.9% in the third quarter. Watchman Group Inc. now owns 28,921 shares of the transportation company’s stock valued at $3,073,000 after acquiring an additional 269 shares during the last quarter. V Square Quantitative Management LLC increased its stake in Westinghouse Air Brake Technologies by 36.8% in the first quarter. V Square Quantitative Management LLC now owns 2,624 shares of the transportation company’s stock valued at $382,000 after acquiring an additional 706 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC boosted its position in Westinghouse Air Brake Technologies by 17.4% in the first quarter. Silvercrest Asset Management Group LLC now owns 7,727 shares of the transportation company’s stock valued at $1,126,000 after buying an additional 1,146 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

Westinghouse Air Brake Technologies Company Profile

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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.

Further Reading

Analyst Recommendations for Westinghouse Air Brake Technologies (NYSE:WAB)

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