Westinghouse Air Brake Technologies (NYSE:WAB) Downgraded to “Hold” Rating by StockNews.com

Westinghouse Air Brake Technologies (NYSE:WAB) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Monday.

Several other equities analysts also recently commented on WAB. Bank of America upped their price target on shares of Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Stephens reaffirmed an “overweight” rating and set a $220.00 target price on shares of Westinghouse Air Brake Technologies in a research note on Thursday, February 13th. Finally, KeyCorp raised their price target on Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $206.33.

Westinghouse Air Brake Technologies Trading Down 2.0 %

Shares of NYSE:WAB traded down $3.79 during trading on Monday, hitting $181.57. The company had a trading volume of 1,341,834 shares, compared to its average volume of 1,179,718. The stock has a market cap of $31.02 billion, a price-to-earnings ratio of 30.11, a price-to-earnings-growth ratio of 1.50 and a beta of 1.27. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.69. The company has a fifty day simple moving average of $195.97 and a two-hundred day simple moving average of $189.05. Westinghouse Air Brake Technologies has a one year low of $139.12 and a one year high of $210.88.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its quarterly earnings results on Wednesday, February 12th. The transportation company reported $1.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. As a group, equities analysts forecast that Westinghouse Air Brake Technologies will post 8.54 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Rafael Santana sold 886 shares of Westinghouse Air Brake Technologies stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $182.34, for a total value of $161,553.24. Following the transaction, the chief executive officer now directly owns 176,295 shares in the company, valued at approximately $32,145,630.30. This trade represents a 0.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Westinghouse Air Brake Technologies

A number of institutional investors have recently added to or reduced their stakes in the stock. Bridges Investment Management Inc. raised its holdings in Westinghouse Air Brake Technologies by 3.4% in the third quarter. Bridges Investment Management Inc. now owns 2,357 shares of the transportation company’s stock worth $428,000 after purchasing an additional 77 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Westinghouse Air Brake Technologies during the 3rd quarter worth approximately $7,128,000. Camden National Bank purchased a new stake in Westinghouse Air Brake Technologies during the third quarter valued at approximately $222,000. Harvest Fund Management Co. Ltd boosted its stake in Westinghouse Air Brake Technologies by 10.4% in the third quarter. Harvest Fund Management Co. Ltd now owns 1,820 shares of the transportation company’s stock valued at $331,000 after acquiring an additional 172 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in Westinghouse Air Brake Technologies by 5.2% in the third quarter. BNP Paribas Financial Markets now owns 278,729 shares of the transportation company’s stock worth $50,665,000 after purchasing an additional 13,683 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

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.