Westinghouse Air Brake Technologies (NYSE:WAB) PT Raised to $152.00

Westinghouse Air Brake Technologies (NYSE:WAB) had its price objective increased by The Goldman Sachs Group from $138.00 to $152.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. The Goldman Sachs Group’s price target indicates a potential upside of 5.15% from the company’s previous close.

A number of other analysts have also recently commented on WAB. Jefferies Financial Group upgraded shares of Westinghouse Air Brake Technologies from a “hold” rating to a “buy” rating and upped their price objective for the company from $115.00 to $150.00 in a research report on Thursday, January 11th. Morgan Stanley initiated coverage on Westinghouse Air Brake Technologies in a report on Monday, January 8th. They set an “overweight” rating and a $137.00 target price for the company. Stephens increased their target price on Westinghouse Air Brake Technologies from $153.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Susquehanna increased their target price on Westinghouse Air Brake Technologies from $150.00 to $160.00 and gave the stock a “positive” rating in a report on Thursday, February 15th. Finally, TD Cowen increased their target price on Westinghouse Air Brake Technologies from $125.00 to $130.00 and gave the stock a “market perform” rating in a report on Thursday, February 15th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $146.91.

Westinghouse Air Brake Technologies Stock Down 0.6 %

Shares of WAB opened at $144.55 on Tuesday. The company has a market capitalization of $25.56 billion, a P/E ratio of 31.98, a PEG ratio of 1.67 and a beta of 1.40. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.20 and a quick ratio of 0.63. Westinghouse Air Brake Technologies has a one year low of $91.89 and a one year high of $151.00. The business’s 50 day simple moving average is $141.91 and its 200-day simple moving average is $126.31.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its quarterly earnings data on Wednesday, February 14th. The transportation company reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.04). Westinghouse Air Brake Technologies had a return on equity of 10.34% and a net margin of 8.42%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.48 billion. During the same period in the prior year, the company posted $1.30 EPS. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. As a group, sell-side analysts predict that Westinghouse Air Brake Technologies will post 6.73 EPS for the current fiscal year.

Insider Transactions at Westinghouse Air Brake Technologies

In other news, VP David L. Deninno sold 6,607 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $135.61, for a total transaction of $895,975.27. Following the transaction, the vice president now directly owns 65,535 shares of the company’s stock, valued at $8,887,201.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP David L. Deninno sold 6,607 shares of Westinghouse Air Brake Technologies stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $135.61, for a total value of $895,975.27. Following the transaction, the vice president now directly owns 65,535 shares of the company’s stock, valued at $8,887,201.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian Hehir sold 5,470 shares of Westinghouse Air Brake Technologies stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $135.80, for a total transaction of $742,826.00. Following the completion of the transaction, the director now directly owns 23,065 shares in the company, valued at $3,132,227. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,964 shares of company stock valued at $8,924,584. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of Westinghouse Air Brake Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of WAB. Coppell Advisory Solutions Corp. bought a new stake in shares of Westinghouse Air Brake Technologies during the fourth quarter worth $30,000. Coppell Advisory Solutions LLC bought a new stake in shares of Westinghouse Air Brake Technologies during the second quarter worth $33,000. Resources Management Corp CT ADV grew its stake in shares of Westinghouse Air Brake Technologies by 1,292.4% during the second quarter. Resources Management Corp CT ADV now owns 1,100 shares of the transportation company’s stock worth $121,000 after buying an additional 1,021 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Westinghouse Air Brake Technologies during the third quarter worth $204,000. Finally, Quantitative Investment Management LLC acquired a new position in shares of Westinghouse Air Brake Technologies during the second quarter worth $314,000. 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.