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

Westinghouse Air Brake Technologies (NYSE:WAB) had its price target boosted by The Goldman Sachs Group from $181.00 to $205.00 in a report issued on Thursday morning, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the transportation company’s stock.

Several other equities research analysts also recently issued reports on the stock. Bank of America raised their price objective on shares of Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Susquehanna raised their price target on shares of Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the stock a “positive” rating in a research report on Monday, October 21st. Finally, Stephens upped their price objective on shares of Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $171.80.

Westinghouse Air Brake Technologies Stock Down 0.2 %

Westinghouse Air Brake Technologies stock opened at $188.76 on Thursday. The firm has a market cap of $33.29 billion, a price-to-earnings ratio of 36.87, a P/E/G ratio of 1.50 and a beta of 1.27. The firm has a fifty day moving average price of $175.94 and a two-hundred day moving average price of $165.94. Westinghouse Air Brake Technologies has a fifty-two week low of $102.67 and a fifty-two week high of $192.48. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.38 and a quick ratio of 0.73.

Westinghouse Air Brake Technologies (NYSE:WAB) last announced its earnings results on Wednesday, October 23rd. The transportation company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.13. The firm had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.68 billion. Westinghouse Air Brake Technologies had a return on equity of 12.05% and a net margin of 9.94%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.70 EPS. As a group, analysts forecast that Westinghouse Air Brake Technologies will post 7.47 earnings per share for the current year.

Westinghouse Air Brake Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, November 13th. This represents a $0.80 annualized dividend and a dividend yield of 0.42%. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is presently 15.63%.

Insider Buying and Selling at Westinghouse Air Brake Technologies

In other Westinghouse Air Brake Technologies news, insider Alicia Hammersmith sold 4,169 shares of Westinghouse Air Brake Technologies stock in a transaction on Monday, August 26th. The stock was sold at an average price of $165.54, for a total transaction of $690,136.26. Following the completion of the transaction, the insider now directly owns 5,606 shares of the company’s stock, valued at approximately $928,017.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Alicia Hammersmith sold 4,169 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $165.54, for a total transaction of $690,136.26. Following the sale, the insider now directly owns 5,606 shares in the company, valued at $928,017.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the transaction, the executive vice president now owns 15,608 shares of the company’s stock, valued at approximately $2,413,621.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,392 shares of company stock worth $2,754,390 over the last three months. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Westinghouse Air Brake Technologies

A number of institutional investors have recently modified their holdings of WAB. Forsta AP Fonden grew its stake in shares of Westinghouse Air Brake Technologies by 4.3% during the third quarter. Forsta AP Fonden now owns 50,600 shares of the transportation company’s stock valued at $9,198,000 after purchasing an additional 2,100 shares during the last quarter. Eastern Bank bought a new position in Westinghouse Air Brake Technologies in the 3rd quarter valued at $33,000. Border to Coast Pensions Partnership Ltd increased its stake in shares of Westinghouse Air Brake Technologies by 4.5% in 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 buying an additional 8,575 shares during the period. V Square Quantitative Management LLC raised its position in shares of Westinghouse Air Brake Technologies by 22.7% during the third quarter. V Square Quantitative Management LLC now owns 2,461 shares of the transportation company’s stock worth $447,000 after acquiring an additional 455 shares during the last quarter. Finally, Pinnacle Bancorp Inc. lifted its stake in shares of Westinghouse Air Brake Technologies by 55.0% during the third quarter. Pinnacle Bancorp Inc. now owns 155 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 55 shares during the period. 91.69% of the stock is owned by 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.