Susquehanna Increases Westinghouse Air Brake Technologies (NYSE:WAB) Price Target to $220.00

Westinghouse Air Brake Technologies (NYSE:WAB) had its target price increased by Susquehanna from $190.00 to $220.00 in a research note issued to investors on Monday morning, Benzinga reports. The brokerage currently has a positive rating on the transportation company’s stock.

Separately, Bank of America boosted their price target on shares of Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $171.80.

Westinghouse Air Brake Technologies Stock Up 0.9 %

WAB stock opened at $189.08 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.38 and a quick ratio of 0.73. The stock has a market capitalization 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. Westinghouse Air Brake Technologies has a fifty-two week low of $102.16 and a fifty-two week high of $192.48. The business has a 50-day moving average of $175.35 and a 200-day moving average of $165.54.

Westinghouse Air Brake Technologies (NYSE:WAB) last released its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $2.00 earnings per share 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 firm had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter in the prior year, the firm posted $1.70 EPS. The business’s revenue was up 4.4% on a year-over-year basis. On average, sell-side analysts anticipate that Westinghouse Air Brake Technologies will post 7.47 earnings per share for the current fiscal year.

Westinghouse Air Brake Technologies Announces Dividend

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

Insiders Place Their Bets

In other news, Director Brian Hehir sold 1,000 shares of Westinghouse Air Brake Technologies stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $161.62, for a total transaction of $161,620.00. Following the completion of the transaction, the director now directly owns 23,230 shares in the company, valued at approximately $3,754,432.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Westinghouse Air Brake Technologies news, Director Brian Hehir sold 1,000 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $161.62, for a total transaction of $161,620.00. Following the completion of the sale, the director now owns 23,230 shares of the company’s stock, valued at $3,754,432.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 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 disclosure for this sale can be found here. Insiders have sold a total of 17,392 shares of company stock valued at $2,754,390 over the last 90 days. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WAB. BNP Paribas Financial Markets grew its position in shares of Westinghouse Air Brake Technologies by 107.8% in the first quarter. BNP Paribas Financial Markets now owns 170,248 shares of the transportation company’s stock valued at $24,802,000 after purchasing an additional 88,325 shares during the last quarter. Forsta AP Fonden grew its holdings in 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 buying an additional 20,900 shares in the last quarter. Dorsey & Whitney Trust CO LLC bought a new position in Westinghouse Air Brake Technologies during the 1st quarter worth $204,000. Silvercrest Asset Management Group LLC increased its position in Westinghouse Air Brake Technologies by 17.4% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 7,727 shares of the transportation company’s stock worth $1,126,000 after buying an additional 1,146 shares during the period. Finally, Plato Investment Management Ltd lifted its holdings in shares of Westinghouse Air Brake Technologies by 59,168.4% during the first quarter. Plato Investment Management Ltd now owns 11,261 shares of the transportation company’s stock worth $1,641,000 after buying an additional 11,242 shares in the last quarter. 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.