Brokerages Set Westinghouse Air Brake Technologies Co. (NYSE:WAB) Price Target at $206.33

Westinghouse Air Brake Technologies Co. (NYSE:WAB) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $206.33.

Several equities analysts have recently issued reports on the company. StockNews.com lowered Westinghouse Air Brake Technologies from a “buy” rating to a “hold” rating in a research report on Monday. Bank of America boosted their price objective on Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Stephens reiterated an “overweight” rating and issued a $220.00 price objective on shares of Westinghouse Air Brake Technologies in a research report on Thursday, February 13th. Finally, KeyCorp boosted their price objective on Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th.

Insiders Place Their Bets

In other Westinghouse Air Brake Technologies news, CEO Rafael Santana sold 886 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $182.34, for a total transaction of $161,553.24. Following the completion of the transaction, the chief executive officer now owns 176,295 shares of the company’s stock, valued at $32,145,630.30. This represents a 0.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Westinghouse Air Brake Technologies

A number of large investors have recently bought and sold shares of the company. Putney Financial Group LLC acquired a new position in Westinghouse Air Brake Technologies during the 4th quarter worth approximately $52,000. GF Fund Management CO. LTD. acquired a new position in Westinghouse Air Brake Technologies during the 4th quarter worth approximately $205,000. Raiffeisen Bank International AG bought a new stake in shares of Westinghouse Air Brake Technologies during the 4th quarter worth approximately $1,221,000. Mufg Securities Americas Inc. bought a new stake in shares of Westinghouse Air Brake Technologies during the 4th quarter worth approximately $481,000. Finally, Twin Capital Management Inc. raised its stake in shares of Westinghouse Air Brake Technologies by 4.3% during the 4th quarter. Twin Capital Management Inc. now owns 15,832 shares of the transportation company’s stock worth $3,002,000 after purchasing an additional 647 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Westinghouse Air Brake Technologies Price Performance

Westinghouse Air Brake Technologies stock opened at $181.57 on Thursday. The firm has a market capitalization of $31.02 billion, a P/E ratio of 30.11, a PEG ratio of 1.50 and a beta of 1.27. Westinghouse Air Brake Technologies has a 1 year low of $139.12 and a 1 year high of $210.88. The business has a 50-day moving average of $195.97 and a 200-day moving average of $189.05. The company has a current ratio of 1.30, a quick ratio of 0.69 and a debt-to-equity ratio of 0.34.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its earnings results on Wednesday, February 12th. The transportation company reported $1.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.06). Westinghouse Air Brake Technologies had a return on equity of 12.78% and a net margin of 10.17%. On average, equities analysts anticipate that Westinghouse Air Brake Technologies will post 8.54 EPS for the current year.

Westinghouse Air Brake Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, February 21st. This is a positive change from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a dividend yield of 0.55%. Westinghouse Air Brake Technologies’s payout ratio is currently 16.58%.

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.