Brokerages Set Westinghouse Air Brake Technologies Co. (NYSE:WAB) Price Target at $175.30

Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) have earned an average rating of “Moderate Buy” from the ten analysts that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $175.30.

A number of analysts recently weighed in on the company. Susquehanna lifted 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. The Goldman Sachs Group boosted their target price on shares of Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Stephens increased 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 report on Thursday, October 24th. Finally, KeyCorp boosted their price objective on shares of Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th.

Insider Activity

In other news, CAO John A. Mastalerz, Jr. sold 2,796 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $199.71, for a total value of $558,389.16. Following the sale, the chief accounting officer now directly owns 5,683 shares in the company, valued at $1,134,951.93. This represents a 32.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David L. Deninno sold 10,000 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $188.60, for a total value of $1,886,000.00. Following the sale, the vice president now directly owns 55,352 shares in the company, valued at approximately $10,439,387.20. The trade was a 15.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,393 shares of company stock worth $9,350,243 over the last ninety days. 1.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Westinghouse Air Brake Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. Silvercrest Asset Management Group LLC raised its holdings in Westinghouse Air Brake Technologies by 17.4% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 7,727 shares of the transportation company’s stock valued at $1,126,000 after acquiring an additional 1,146 shares during the last quarter. Plato Investment Management Ltd lifted its position in Westinghouse Air Brake Technologies by 59,168.4% during the first quarter. Plato Investment Management Ltd now owns 11,261 shares of the transportation company’s stock worth $1,641,000 after buying an additional 11,242 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in Westinghouse Air Brake Technologies by 26.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the transportation company’s stock worth $90,000 after buying an additional 118 shares during the last quarter. DNB Asset Management AS boosted its stake in Westinghouse Air Brake Technologies by 3.9% in the 2nd quarter. DNB Asset Management AS now owns 46,343 shares of the transportation company’s stock worth $7,325,000 after buying an additional 1,729 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of Westinghouse Air Brake Technologies by 12.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 22,357 shares of the transportation company’s stock valued at $3,534,000 after acquiring an additional 2,457 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Westinghouse Air Brake Technologies Stock Up 0.1 %

Shares of Westinghouse Air Brake Technologies stock opened at $199.29 on Tuesday. Westinghouse Air Brake Technologies has a one year low of $114.45 and a one year high of $202.84. The company has a market cap of $34.26 billion, a P/E ratio of 33.21, a PEG ratio of 1.44 and a beta of 1.27. 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 firm has a fifty day moving average of $188.63 and a two-hundred day moving average of $171.90.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.13. Westinghouse Air Brake Technologies had a net margin of 10.25% and a return on equity of 12.52%. The firm had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.68 billion. During the same period in the prior year, the company posted $1.70 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts forecast that Westinghouse Air Brake Technologies will post 7.61 earnings per share for the current year.

Westinghouse Air Brake Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend is Wednesday, November 13th. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is presently 13.33%.

About Westinghouse Air Brake Technologies

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.