Weekly Investment Analysts’ Ratings Changes for Westinghouse Air Brake Technologies (WAB)

Several analysts have recently updated their ratings and price targets for Westinghouse Air Brake Technologies (NYSE: WAB):

• 4/25/2024 – Westinghouse Air Brake Technologies had its price target raised by analysts at Susquehanna from $160.00 to $190.00. They now have a “positive” rating on the stock.
• 4/25/2024 – Westinghouse Air Brake Technologies had its price target raised by analysts at KeyCorp from $155.00 to $185.00. They now have an “overweight” rating on the stock.
• 4/25/2024 – Westinghouse Air Brake Technologies had its price target raised by analysts at Stephens from $165.00 to $180.00. They now have an “overweight” rating on the stock.
• 4/25/2024 – Westinghouse Air Brake Technologies had its price target raised by analysts at TD Cowen from $130.00 to $147.00. They now have a “hold” rating on the stock.
• 4/16/2024 – Westinghouse Air Brake Technologies had its price target raised by analysts at The Goldman Sachs Group, Inc. from $138.00 to $152.00. They now have a “neutral” rating on the stock.
• 4/15/2024 – Westinghouse Air Brake Technologies had its price target raised by analysts at Bank of America Co. from $156.00 to $162.00. They now have a “buy” rating on the stock.

Westinghouse Air Brake Technologies Trading Down 0.3 %

Shares of Westinghouse Air Brake Technologies stock opened at $160.54 on Thursday. The company’s fifty day simple moving average is $145.49 and its 200-day simple moving average is $129.72. The stock has a market capitalization of $28.32 billion, a PE ratio of 31.36, a P/E/G ratio of 1.42 and a beta of 1.36. Westinghouse Air Brake Technologies Co. has a 1-year low of $91.89 and a 1-year high of $167.49. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.52 and a quick ratio of 0.77.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.40. The business had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.40 billion. Westinghouse Air Brake Technologies had a net margin of 9.20% and a return on equity of 11.25%. The company’s revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.28 EPS. As a group, equities analysts anticipate that Westinghouse Air Brake Technologies Co. will post 7.34 earnings per share for the current year.

Westinghouse Air Brake Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Thursday, February 22nd. This is a boost from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.17. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is currently 15.63%.

Insider Transactions at Westinghouse Air Brake Technologies

In related news, Director Brian Hehir sold 5,470 shares of Westinghouse Air Brake Technologies stock in a transaction 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 transaction, the director now owns 23,065 shares in the company, valued at approximately $3,132,227. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Nicole B. Theophilus sold 2,668 shares of Westinghouse Air Brake Technologies stock in a transaction on Friday, March 15th. The shares were sold at an average price of $140.46, for a total transaction of $374,747.28. Following the transaction, the executive vice president now owns 24,792 shares in the company, valued at approximately $3,482,284.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Brian Hehir sold 5,470 shares of Westinghouse Air Brake Technologies stock in a transaction 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 transaction, the director now owns 23,065 shares in the company, valued at approximately $3,132,227. The disclosure for this sale can be found here. Insiders have sold 80,694 shares of company stock worth $11,635,384 in the last 90 days. 1.10% of the stock is currently owned by insiders.

Institutional Trading of Westinghouse Air Brake Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of WAB. V Square Quantitative Management LLC bought a new stake in Westinghouse Air Brake Technologies in the 3rd quarter valued at $204,000. First Hawaiian Bank increased its holdings in Westinghouse Air Brake Technologies by 49.1% in the 4th quarter. First Hawaiian Bank now owns 3,542 shares of the transportation company’s stock valued at $449,000 after acquiring an additional 1,167 shares during the last quarter. Greenleaf Trust increased its holdings in Westinghouse Air Brake Technologies by 4.3% in the 1st quarter. Greenleaf Trust now owns 3,201 shares of the transportation company’s stock valued at $466,000 after acquiring an additional 133 shares during the last quarter. Industrial Alliance Investment Management Inc. bought a new stake in Westinghouse Air Brake Technologies in the 3rd quarter valued at $498,000. Finally, Handelsinvest Investeringsforvaltning bought a new stake in Westinghouse Air Brake Technologies in the 4th quarter valued at $1,030,000. 91.69% of the stock is currently owned by institutional investors.

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.