Westinghouse Air Brake Technologies (NYSE:WAB) Price Target Raised to $205.00 at Stephens

Westinghouse Air Brake Technologies (NYSE:WAB) had its target price increased by Stephens from $190.00 to $205.00 in a research note published on Thursday morning, Benzinga reports. The firm currently has an overweight rating on the transportation company’s stock.

Other research analysts have also recently issued reports about the company. Bank of America lifted their price objective on Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Susquehanna lifted their price target on shares of Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the company a “positive” rating in a report on Monday. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Westinghouse Air Brake Technologies presently has an average rating of “Moderate Buy” and an average target price of $171.80.

Westinghouse Air Brake Technologies Stock Up 0.9 %

Shares of WAB stock opened at $189.08 on Thursday. The company has a current ratio of 1.38, a quick ratio of 0.73 and a debt-to-equity ratio of 0.33. Westinghouse Air Brake Technologies has a 12 month low of $102.16 and a 12 month high of $192.48. The stock has a market cap of $33.12 billion, a P/E ratio of 33.17, a P/E/G ratio of 1.50 and a beta of 1.27. The company has a 50 day simple moving average of $175.35 and a two-hundred day simple moving average of $165.54.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.87 by $0.13. The firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.68 billion. Westinghouse Air Brake Technologies had a return on equity of 12.05% and a net margin of 9.94%. Westinghouse Air Brake Technologies’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.70 EPS. On average, research analysts expect that Westinghouse Air Brake Technologies will post 7.47 earnings per share for the current year.

Westinghouse Air Brake Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Wednesday, November 13th. Westinghouse Air Brake Technologies’s payout ratio is currently 14.04%.

Insider Buying and Selling

In other Westinghouse Air Brake Technologies news, EVP Nicole B. Theophilus sold 4,801 shares of Westinghouse Air Brake Technologies stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $154.64, for a total value of $742,426.64. Following the sale, the executive vice president now directly owns 15,608 shares in the company, valued at approximately $2,413,621.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CTO Eric Gebhardt sold 7,422 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $156.32, for a total transaction of $1,160,207.04. Following the completion of the transaction, the chief technology officer now directly owns 22,411 shares in the company, valued at approximately $3,503,287.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Nicole B. Theophilus sold 4,801 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $154.64, for a total transaction of $742,426.64. Following the completion of the sale, the executive vice president now owns 15,608 shares in the company, valued at $2,413,621.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,392 shares of company stock worth $2,754,390. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Westinghouse Air Brake Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in WAB. Forsta AP Fonden grew its position in Westinghouse Air Brake Technologies by 64.5% in the first quarter. Forsta AP Fonden now owns 53,300 shares of the transportation company’s stock worth $7,765,000 after acquiring an additional 20,900 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Westinghouse Air Brake Technologies by 107.8% in the 1st quarter. BNP Paribas Financial Markets now owns 170,248 shares of the transportation company’s stock worth $24,802,000 after purchasing an additional 88,325 shares during the period. Border to Coast Pensions Partnership Ltd increased its position in shares of Westinghouse Air Brake Technologies by 4.5% during the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 201,011 shares of the transportation company’s stock valued at $36,431,000 after purchasing an additional 8,575 shares during the last quarter. Rhumbline Advisers raised its holdings in Westinghouse Air Brake Technologies by 2.1% during the 2nd quarter. Rhumbline Advisers now owns 335,483 shares of the transportation company’s stock valued at $53,023,000 after buying an additional 7,012 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in Westinghouse Air Brake Technologies by 12.3% in the second quarter. Nisa Investment Advisors LLC now owns 22,357 shares of the transportation company’s stock worth $3,534,000 after buying an additional 2,457 shares during the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

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.