Westinghouse Air Brake Technologies Co. (NYSE:WAB) Receives Average Recommendation of “Moderate Buy” from Brokerages
Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB – Get Rating) have been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $112.00.
Several research analysts recently weighed in on the stock. Stephens boosted their price objective on shares of Westinghouse Air Brake Technologies from $110.00 to $117.00 and gave the stock an “overweight” rating in a research report on Thursday, February 16th. Bank of America raised shares of Westinghouse Air Brake Technologies from an “underperform” rating to a “neutral” rating in a report on Tuesday, January 17th. KeyCorp boosted their price target on shares of Westinghouse Air Brake Technologies from $110.00 to $112.00 and gave the company an “overweight” rating in a report on Friday, February 17th. Raymond James boosted their price objective on shares of Westinghouse Air Brake Technologies from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, February 16th. Finally, StockNews.com started coverage on shares of Westinghouse Air Brake Technologies in a research report on Thursday, March 16th. They set a “buy” rating on the stock.
Insider Activity
In other news, Director Brian Hehir sold 2,881 shares of the company’s stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $104.73, for a total value of $301,727.13. Following the sale, the director now directly owns 27,878 shares of the company’s stock, valued at approximately $2,919,662.94. The sale was disclosed in a legal filing with the SEC, which can be accessed via the SEC website. In other news, Director Brian Hehir sold 2,881 shares of the company’s stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $104.73, for a total value of $301,727.13. Following the sale, the director now directly owns 27,878 shares of the company’s stock, valued at approximately $2,919,662.94. The sale was disclosed in a legal filing with the SEC, which can be accessed via the SEC website. Also, CEO Rafael Santana sold 78,277 shares of the company’s stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $104.78, for a total transaction of $8,201,864.06. Following the completion of the sale, the chief executive officer now directly owns 72,577 shares in the company, valued at $7,604,618.06. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 88,834 shares of company stock valued at $9,306,731. 1.22% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Gibson Wealth Advisors LLC grew its stake in Westinghouse Air Brake Technologies by 6,350.0% in the 4th quarter. Gibson Wealth Advisors LLC now owns 258 shares of the transportation company’s stock valued at $25,000 after buying an additional 254 shares during the last quarter. Coppell Advisory Solutions Corp. acquired a new position in Westinghouse Air Brake Technologies in the 4th quarter valued at about $30,000. Massmutual Trust Co. FSB ADV grew its stake in Westinghouse Air Brake Technologies by 48.9% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 347 shares of the transportation company’s stock valued at $35,000 after buying an additional 114 shares during the last quarter. Eudaimonia Partners LLC acquired a new position in Westinghouse Air Brake Technologies in the 1st quarter valued at about $366,000. Finally, Moody’s National Bank Trust Division grew its stake in Westinghouse Air Brake Technologies by 4.5% in the 1st quarter. Moody’s National Bank Trust Division now owns 5,703 shares of the transportation company’s stock valued at $576,000 after buying an additional 243 shares during the last quarter. Institutional investors and hedge funds own 89.47% of the company’s stock.
Westinghouse Air Brake Technologies Stock Performance
NYSE:WAB opened at $100.44 on Monday. Westinghouse Air Brake Technologies has a 1 year low of $78.26 and a 1 year high of $107.86. The firm has a 50 day moving average of $100.80 and a 200-day moving average of $99.21. The company has a current ratio of 1.25, a quick ratio of 0.66 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $18.08 billion, a P/E ratio of 29.11, a price-to-earnings-growth ratio of 1.62 and a beta of 1.48.
Westinghouse Air Brake Technologies (NYSE:WAB – Get Rating) last posted its earnings results on Wednesday, February 15th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.30. Westinghouse Air Brake Technologies had a net margin of 7.57% and a return on equity of 8.88%. The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter in the previous year, the company posted $1.18 earnings per share. Westinghouse Air Brake Technologies’ quarterly revenue was up 11.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Westinghouse Air Brake Technologies will post 5.39 EPS for the current fiscal year.
Westinghouse Air Brake Technologies Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Friday, February 24th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.68%. This is a boost from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, February 23rd. Westinghouse Air Brake Technologies’ dividend payout ratio is presently 19.71%.
About Westinghouse Air Brake Technologies
(Get Rating)
Westinghouse Air Brake Technologies Corp. engages in the provision of equipment, systems, and value-added services for the rail industry. It operates through the Freight and Transit segments. The Freight segment builds new locomotives, manufactures and services components for new and existing freight cars and locomotives, rebuilds freight locomotives, supplies railway electronics, positive train control equipment, and signal design and engineering services, and provides related heat exchange and cooling systems.
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