Westinghouse Air Brake Technologies (NYSE:WAB) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $177.96 and traded as high as $191.60. Westinghouse Air Brake Technologies shares last traded at $190.45, with a volume of 822,152 shares traded.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WAB. Stephens lifted their price target on shares of Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. KeyCorp upped their target price on Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Susquehanna raised their price target on Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the company a “positive” rating in a research note on Monday, October 21st. Finally, The Goldman Sachs Group upped their price objective on shares of Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Westinghouse Air Brake Technologies has an average rating of “Moderate Buy” and a consensus target price of $175.30.

Westinghouse Air Brake Technologies Stock Performance

The firm’s 50 day moving average is $196.27 and its 200 day moving average is $178.07. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.65 and a current ratio of 1.30. The stock has a market cap of $32.74 billion, a P/E ratio of 31.74, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.13. Westinghouse Air Brake Technologies had a return on equity of 12.52% and a net margin of 10.25%. The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same period in the prior year, the firm posted $1.70 earnings per share. The business’s quarterly revenue was up 4.4% on a year-over-year basis. Analysts anticipate that Westinghouse Air Brake Technologies Co. will post 7.6 EPS for the current year.

Westinghouse Air Brake Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend was Wednesday, November 13th. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is presently 13.33%.

Insider Activity at Westinghouse Air Brake Technologies

In other news, Director Albert J. Neupaver sold 35,722 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $188.70, for a total value of $6,740,741.40. Following the sale, the director now owns 614,447 shares in the company, valued at $115,946,148.90. This represents a 5.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO John A. Mastalerz, Jr. sold 2,796 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $199.71, for a total transaction of $558,389.16. Following the transaction, the chief accounting officer now owns 5,683 shares of the company’s stock, valued at $1,134,951.93. This represents a 32.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,393 shares of company stock valued at $9,350,243 in the last ninety days. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Westinghouse Air Brake Technologies

A number of institutional investors have recently modified their holdings of WAB. Plato Investment Management Ltd grew its holdings in Westinghouse Air Brake Technologies by 2.3% during the second quarter. Plato Investment Management Ltd now owns 11,522 shares of the transportation company’s stock worth $1,821,000 after acquiring an additional 261 shares during the period. Bridges Investment Management Inc. acquired a new stake in shares of Westinghouse Air Brake Technologies during the 2nd quarter worth approximately $360,000. UMB Bank n.a. increased its holdings in shares of Westinghouse Air Brake Technologies by 4.4% during the 3rd quarter. UMB Bank n.a. now owns 4,910 shares of the transportation company’s stock valued at $892,000 after purchasing an additional 209 shares in the last quarter. Pinnacle Bancorp Inc. lifted its stake in shares of Westinghouse Air Brake Technologies by 55.0% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 155 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 55 shares during the period. Finally, V Square Quantitative Management LLC boosted its holdings in Westinghouse Air Brake Technologies by 22.7% during the third quarter. V Square Quantitative Management LLC now owns 2,461 shares of the transportation company’s stock worth $447,000 after buying an additional 455 shares in the last quarter. 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.