Westinghouse Air Brake Technologies Corp (WAB) Receives Consensus Recommendation of “Buy” from Brokerages

Westinghouse Air Brake Technologies Corp (NYSE:WAB) has earned a consensus rating of “Buy” from the fourteen analysts that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $107.56.

Several research analysts recently commented on WAB shares. Wolfe Research downgraded shares of Westinghouse Air Brake Technologies from an “outperform” rating to a “peer perform” rating in a research note on Friday, October 5th. KeyCorp reaffirmed an “overweight” rating and issued a $113.00 price target (up previously from $105.00) on shares of Westinghouse Air Brake Technologies in a research note on Wednesday, July 25th. William Blair reaffirmed a “buy” rating on shares of Westinghouse Air Brake Technologies in a research note on Monday, September 17th. Wellington Shields raised shares of Westinghouse Air Brake Technologies from a “hold” rating to a “gradually accumulate” rating in a research note on Monday, October 15th. Finally, Zacks Investment Research raised shares of Westinghouse Air Brake Technologies from a “hold” rating to a “buy” rating and set a $118.00 price target on the stock in a research note on Tuesday, September 25th.

In other Westinghouse Air Brake Technologies news, Director William E. Kassling sold 8,000 shares of the stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $109.27, for a total transaction of $874,160.00. Following the transaction, the director now directly owns 81,444 shares in the company, valued at approximately $8,899,385.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert J. Brooks sold 20,000 shares of the stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $110.56, for a total transaction of $2,211,200.00. Following the transaction, the director now owns 19,200 shares in the company, valued at $2,122,752. The disclosure for this sale can be found here. 11.49% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. Cerebellum GP LLC bought a new stake in shares of Westinghouse Air Brake Technologies in the 3rd quarter valued at about $150,000. Smithfield Trust Co. boosted its holdings in shares of Westinghouse Air Brake Technologies by 177.3% in the 3rd quarter. Smithfield Trust Co. now owns 2,080 shares of the transportation company’s stock valued at $218,000 after buying an additional 1,330 shares in the last quarter. Piedmont Investment Advisors Inc. boosted its holdings in shares of Westinghouse Air Brake Technologies by 10,666.7% in the 3rd quarter. Piedmont Investment Advisors Inc. now owns 2,261 shares of the transportation company’s stock valued at $237,000 after buying an additional 2,240 shares in the last quarter. Boston Common Asset Management LLC bought a new stake in shares of Westinghouse Air Brake Technologies in the 3rd quarter valued at about $256,000. Finally, Windward Capital Management Co. CA boosted its holdings in shares of Westinghouse Air Brake Technologies by 57.8% in the 3rd quarter. Windward Capital Management Co. CA now owns 4,167 shares of the transportation company’s stock valued at $437,000 after buying an additional 1,526 shares in the last quarter.

WAB stock opened at $87.49 on Friday. The stock has a market capitalization of $8.18 billion, a P/E ratio of 25.51, a P/E/G ratio of 1.91 and a beta of 1.17. Westinghouse Air Brake Technologies has a 12 month low of $69.75 and a 12 month high of $115.40. The company has a current ratio of 2.84, a quick ratio of 2.28 and a debt-to-equity ratio of 1.31.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its quarterly earnings results on Tuesday, October 30th. The transportation company reported $0.95 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.95. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1 billion. Westinghouse Air Brake Technologies had a net margin of 7.16% and a return on equity of 12.43%. The firm’s revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.88 EPS. On average, equities research analysts expect that Westinghouse Air Brake Technologies will post 3.86 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 16th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.55%. The ex-dividend date is Thursday, November 15th. Westinghouse Air Brake Technologies’s payout ratio is 13.99%.

Westinghouse Air Brake Technologies Company Profile

Westinghouse Air Brake Technologies Corporation, doing business as Wabtec Corporation, provides technology-based equipment, systems, and services for the freight rail and passenger transit vehicle industries worldwide. It operates in two segments, Freight and Transit. The Freight segment manufactures and services components for new and existing locomotive and freight cars; supplies railway electronics and positive train control equipment; offers signal design and engineering services; builds switcher locomotives; rebuilds freight locomotives; and provides heat exchangers and cooling systems for rail and other industrial markets.

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Analyst Recommendations for Westinghouse Air Brake Technologies (NYSE:WAB)

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