Westinghouse Air Brake Technologies Corporation (NYSE:WAB)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $69.66 and last traded at $69.64, with a volume of 753,387 shares changing hands. The stock had previously closed at $72.14.

WAB has been the topic of several research reports. BidaskClub raised Westinghouse Air Brake Technologies Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Buckingham Research initiated coverage on Westinghouse Air Brake Technologies Corporation in a research note on Wednesday, June 21st. They set a “buy” rating and a $104.00 price target on the stock. Zacks Investment Research lowered Westinghouse Air Brake Technologies Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th. Deutsche Bank AG lowered Westinghouse Air Brake Technologies Corporation from a “buy” rating to a “hold” rating and set a $90.00 price target on the stock. in a research note on Thursday, July 13th. Finally, FBR & Co reaffirmed a “marketperform” rating on shares of Westinghouse Air Brake Technologies Corporation in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. Westinghouse Air Brake Technologies Corporation presently has an average rating of “Hold” and a consensus target price of $90.78.

The company has a market cap of $6.74 billion, a PE ratio of 24.71 and a beta of 1.05. The firm’s 50-day moving average is $73.67 and its 200-day moving average is $80.49.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) last announced its earnings results on Tuesday, July 25th. The transportation company reported $0.80 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by $0.14. The company had revenue of $932.25 million for the quarter, compared to analyst estimates of $1 billion. Westinghouse Air Brake Technologies Corporation had a return on equity of 13.07% and a net margin of 8.10%. The firm’s quarterly revenue was up 28.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.00 earnings per share. On average, equities research analysts expect that Westinghouse Air Brake Technologies Corporation will post $3.52 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Hikari Tsushin Inc. lifted its holdings in Westinghouse Air Brake Technologies Corporation by 99.1% during the 2nd quarter. Hikari Tsushin Inc. now owns 22,100 shares of the transportation company’s stock worth $2,022,000 after buying an additional 11,000 shares during the period. Lord Abbett & CO. LLC lifted its holdings in Westinghouse Air Brake Technologies Corporation by 15.7% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,218,217 shares of the transportation company’s stock worth $111,467,000 after buying an additional 165,735 shares during the period. Tandem Investment Advisors Inc. lifted its holdings in Westinghouse Air Brake Technologies Corporation by 0.7% during the 2nd quarter. Tandem Investment Advisors Inc. now owns 68,342 shares of the transportation company’s stock worth $6,253,000 after buying an additional 474 shares during the period. Kingfisher Capital LLC lifted its holdings in Westinghouse Air Brake Technologies Corporation by 3.0% during the 2nd quarter. Kingfisher Capital LLC now owns 13,580 shares of the transportation company’s stock worth $1,243,000 after buying an additional 392 shares during the period. Finally, Sterling Capital Management LLC lifted its holdings in Westinghouse Air Brake Technologies Corporation by 43.6% during the 2nd quarter. Sterling Capital Management LLC now owns 40,153 shares of the transportation company’s stock worth $3,674,000 after buying an additional 12,184 shares during the period.

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Westinghouse Air Brake Technologies Corporation Company Profile

Westinghouse Air Brake Technologies Corporation (Wabtec), doing business as Wabtec Corporation, is a provider of technology-based equipment and services for the global freight and transit rail industries. The Company’s segments include the Freight Segment and the Transit Segment. The Freight Segment primarily manufactures and services components for new and existing freight cars and locomotives, builds new switcher locomotives, rebuilds freight locomotives, supplies railway electronics, positive train control equipment, signal design and engineering services, and provides related heat exchange and cooling systems.

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