Westinghouse Air Brake Technologies Co. (NYSE:WAB) Given Average Rating of “Moderate Buy” by Analysts

Westinghouse Air Brake Technologies Co. (NYSE:WABGet Rating) has been given an average recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research 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 a report on the stock in the last year is $102.20.

WAB has been the topic of a number of recent research reports. StockNews.com initiated coverage on Westinghouse Air Brake Technologies in a research note on Wednesday, October 12th. They set a “buy” rating on the stock. Raymond James began coverage on Westinghouse Air Brake Technologies in a research note on Thursday, August 18th. They issued an “outperform” rating and a $103.00 price target on the stock. Finally, Morgan Stanley lifted their price target on Westinghouse Air Brake Technologies from $84.00 to $87.00 and gave the company an “equal weight” rating in a research note on Monday, August 8th.

Westinghouse Air Brake Technologies Price Performance

Westinghouse Air Brake Technologies stock opened at $99.98 on Friday. The stock’s fifty day moving average price is $90.45 and its two-hundred day moving average price is $89.26. Westinghouse Air Brake Technologies has a one year low of $78.26 and a one year high of $102.11. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.26 and a quick ratio of 0.65. The firm has a market cap of $18.18 billion, a PE ratio of 27.70, a price-to-earnings-growth ratio of 1.59 and a beta of 1.49.

Westinghouse Air Brake Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Shareholders of record on Monday, November 14th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Thursday, November 10th. Westinghouse Air Brake Technologies’s payout ratio is presently 16.62%.

Insiders Place Their Bets

In other Westinghouse Air Brake Technologies news, CAO John A. Mastalerz, Jr. sold 1,840 shares of Westinghouse Air Brake Technologies stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $98.71, for a total transaction of $181,626.40. Following the transaction, the chief accounting officer now directly owns 12,527 shares of the company’s stock, valued at approximately $1,236,540.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Westinghouse Air Brake Technologies news, CAO John A. Mastalerz, Jr. sold 1,840 shares of Westinghouse Air Brake Technologies stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $98.71, for a total transaction of $181,626.40. Following the transaction, the chief accounting officer now directly owns 12,527 shares of the company’s stock, valued at approximately $1,236,540.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Fetsko sold 11,624 shares of Westinghouse Air Brake Technologies stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $100.01, for a total value of $1,162,516.24. Following the transaction, the insider now directly owns 37,120 shares in the company, valued at $3,712,371.20. The disclosure for this sale can be found here. Company insiders own 1.22% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Campbell & CO Investment Adviser LLC acquired a new position in shares of Westinghouse Air Brake Technologies in the 1st quarter valued at about $278,000. Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in shares of Westinghouse Air Brake Technologies by 470.7% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 33,105 shares of the transportation company’s stock valued at $3,127,000 after purchasing an additional 27,304 shares during the period. Border to Coast Pensions Partnership Ltd lifted its stake in shares of Westinghouse Air Brake Technologies by 15.2% in the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 165,789 shares of the transportation company’s stock valued at $9,201,051,000 after purchasing an additional 21,832 shares during the period. Nicholas Company Inc. lifted its stake in shares of Westinghouse Air Brake Technologies by 2.4% in the 2nd quarter. Nicholas Company Inc. now owns 187,907 shares of the transportation company’s stock valued at $15,423,000 after purchasing an additional 4,425 shares during the period. Finally, Astrantus Ltd acquired a new position in shares of Westinghouse Air Brake Technologies in the 1st quarter valued at about $324,000. 89.09% of the stock is owned by institutional investors and hedge funds.

About Westinghouse Air Brake Technologies

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Westinghouse Air Brake Technologies Corporation provides technology-based equipment, systems, and services for the freight rail and passenger transit industries worldwide. It operates through two segments, Freight and Transit. The Freight segment manufactures and services components for new and existing freight cars and locomotives; builds new commuter locomotives; rebuilds freight locomotives; supplies railway electronics, positive train control equipment, signal design, and engineering services; and provides related heat exchange and cooling systems.

Further Reading

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

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