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

Westinghouse Air Brake Technologies (NYSE:WAB) had its price target hoisted by equities research analysts at Stephens from $190.00 to $205.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. Stephens’ price target indicates a potential upside of 9.43% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Bank of America increased their price objective on Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Susquehanna raised their price target on Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the company a “positive” rating in a report on Monday. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Westinghouse Air Brake Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $169.40.

Westinghouse Air Brake Technologies Stock Performance

Shares of WAB stock opened at $187.34 on Thursday. The stock has a fifty day moving average of $174.74 and a 200 day moving average of $165.38. Westinghouse Air Brake Technologies has a 52 week low of $98.96 and a 52 week high of $192.48. The firm has a market capitalization of $32.82 billion, a price-to-earnings ratio of 32.87, a PEG ratio of 1.50 and a beta of 1.27. The company has a quick ratio of 0.73, a current ratio of 1.38 and a debt-to-equity ratio of 0.33.

Westinghouse Air Brake Technologies (NYSE:WAB) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.14. Westinghouse Air Brake Technologies had a return on equity of 12.05% and a net margin of 9.94%. The company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.68 billion. During the same quarter last year, the firm posted $1.70 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. As a group, research analysts expect that Westinghouse Air Brake Technologies will post 7.47 earnings per share for the current year.

Insider Activity at Westinghouse Air Brake Technologies

In related news, Director Brian Hehir sold 1,000 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $161.62, for a total value of $161,620.00. Following the transaction, the director now owns 23,230 shares of the company’s stock, valued at $3,754,432.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Westinghouse Air Brake Technologies news, Director Brian Hehir sold 1,000 shares of Westinghouse Air Brake Technologies stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $161.62, for a total value of $161,620.00. Following the transaction, the director now owns 23,230 shares in the company, valued at $3,754,432.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alicia Hammersmith sold 4,169 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $165.54, for a total value of $690,136.26. Following the sale, the insider now owns 5,606 shares in the company, valued at $928,017.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,392 shares of company stock worth $2,754,390 in the last 90 days. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Westinghouse Air Brake Technologies

Large investors have recently modified their holdings of the business. BNP Paribas Financial Markets lifted its stake in Westinghouse Air Brake Technologies by 107.8% during the 1st quarter. BNP Paribas Financial Markets now owns 170,248 shares of the transportation company’s stock valued at $24,802,000 after acquiring an additional 88,325 shares during the period. Forsta AP Fonden boosted its holdings in shares of Westinghouse Air Brake Technologies by 64.5% in the 1st quarter. Forsta AP Fonden now owns 53,300 shares of the transportation company’s stock valued at $7,765,000 after acquiring an additional 20,900 shares during the last quarter. Plato Investment Management Ltd boosted its holdings in shares of Westinghouse Air Brake Technologies by 59,168.4% in the 1st quarter. Plato Investment Management Ltd now owns 11,261 shares of the transportation company’s stock valued at $1,641,000 after acquiring an additional 11,242 shares during the last quarter. Border to Coast Pensions Partnership Ltd boosted its holdings 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 acquiring an additional 8,575 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Westinghouse Air Brake Technologies by 2.1% in the 2nd quarter. Rhumbline Advisers now owns 335,483 shares of the transportation company’s stock valued at $53,023,000 after acquiring an additional 7,012 shares during the last quarter. Hedge funds and other 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.