Westinghouse Air Brake Technologies (NYSE:WAB) PT Raised to $190.00

Westinghouse Air Brake Technologies (NYSE:WAB) had its price target boosted by stock analysts at Susquehanna from $160.00 to $190.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “positive” rating on the transportation company’s stock. Susquehanna’s target price points to a potential upside of 16.29% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Morgan Stanley initiated coverage on Westinghouse Air Brake Technologies in a research report on Monday, January 8th. They issued an “overweight” rating and a $137.00 target price for the company. Redburn Atlantic downgraded shares of Westinghouse Air Brake Technologies from a “buy” rating to a “neutral” rating and set a $135.00 price objective on the stock. in a research report on Thursday, February 15th. The Goldman Sachs Group lifted their target price on shares of Westinghouse Air Brake Technologies from $138.00 to $152.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Bank of America increased their price target on Westinghouse Air Brake Technologies from $156.00 to $162.00 and gave the company a “buy” rating in a report on Monday, April 15th. Finally, KeyCorp lifted their price objective on Westinghouse Air Brake Technologies from $133.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.18.

Westinghouse Air Brake Technologies Trading Up 10.0 %

Westinghouse Air Brake Technologies stock opened at $163.38 on Thursday. Westinghouse Air Brake Technologies has a 12 month low of $91.89 and a 12 month high of $167.49. The company has a current ratio of 1.20, a quick ratio of 0.63 and a debt-to-equity ratio of 0.31. The business’s fifty day simple moving average is $142.63 and its two-hundred day simple moving average is $127.64. The company has a market capitalization of $28.89 billion, a price-to-earnings ratio of 36.15, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40.

Westinghouse Air Brake Technologies (NYSE:WAB) last released 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 net margin of 8.42% and a return on equity of 10.34%. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.48 billion. During the same period last year, the company posted $1.30 earnings per share. The business’s revenue was up 9.5% compared to the same quarter last year. As a group, equities analysts predict that Westinghouse Air Brake Technologies will post 6.73 earnings per share for the current fiscal year.

Insider Activity at Westinghouse Air Brake Technologies

In other news, Director Brian Hehir sold 5,470 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $135.80, for a total transaction of $742,826.00. Following the sale, the director now directly owns 23,065 shares of the company’s stock, valued at approximately $3,132,227. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Brian Hehir sold 5,470 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $135.80, for a total value of $742,826.00. Following the sale, the director now directly owns 23,065 shares in the company, valued at approximately $3,132,227. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Rafael Santana sold 40,219 shares of Westinghouse Air Brake Technologies stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $140.62, for a total value of $5,655,595.78. Following the completion of the transaction, the chief executive officer now owns 123,019 shares of the company’s stock, valued at approximately $17,298,931.78. The disclosure for this sale can be found here. Over the last three months, insiders sold 63,964 shares of company stock valued at $8,924,584. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Westinghouse Air Brake Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in WAB. V Square Quantitative Management LLC bought a new position in Westinghouse Air Brake Technologies during the 3rd quarter valued at about $204,000. First Hawaiian Bank raised its holdings in shares of Westinghouse Air Brake Technologies by 49.1% in the fourth quarter. First Hawaiian Bank now owns 3,542 shares of the transportation company’s stock worth $449,000 after buying an additional 1,167 shares during the period. Industrial Alliance Investment Management Inc. purchased a new position in Westinghouse Air Brake Technologies during the 3rd quarter valued at $498,000. Handelsinvest Investeringsforvaltning bought a new position in Westinghouse Air Brake Technologies in the 4th quarter valued at $1,030,000. Finally, iA Global Asset Management Inc. purchased a new stake in Westinghouse Air Brake Technologies in the third quarter worth $1,915,000. Hedge funds and other 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.