Westinghouse Air Brake Technologies Corp (NYSE:WAB) saw unusually large options trading on Monday. Traders bought 2,138 put options on the company. This is an increase of 1,101% compared to the typical daily volume of 178 put options.

A number of analysts have issued reports on WAB shares. Cowen reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Westinghouse Air Brake Technologies in a research note on Tuesday, July 24th. Zacks Investment Research raised Westinghouse Air Brake Technologies from a “hold” rating to a “buy” rating and set a $109.00 price objective on the stock in a research note on Tuesday, May 29th. Stifel Nicolaus lifted their price objective on Westinghouse Air Brake Technologies from $106.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, May 22nd. Wellington Shields downgraded Westinghouse Air Brake Technologies from a “gradually accumulate” rating to a “hold” rating in a research note on Wednesday, May 16th. Finally, B. Riley set a $95.00 price objective on Westinghouse Air Brake Technologies and gave the stock a “hold” rating in a research note on Tuesday, May 22nd. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $104.77.

NYSE WAB opened at $113.72 on Wednesday. The company has a market cap of $11.03 billion, a PE ratio of 32.51, a P/E/G ratio of 1.96 and a beta of 0.94. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.99 and a current ratio of 1.52. Westinghouse Air Brake Technologies has a fifty-two week low of $69.75 and a fifty-two week high of $115.40.

Westinghouse Air Brake Technologies (NYSE:WAB) last released its earnings results on Tuesday, July 24th. The transportation company reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.02. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.02 billion. Westinghouse Air Brake Technologies had a return on equity of 12.40% and a net margin of 6.88%. The company’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS. equities analysts expect that Westinghouse Air Brake Technologies will post 3.89 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 24th. Stockholders of record on Friday, August 10th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.42%. The ex-dividend date was Thursday, August 9th. Westinghouse Air Brake Technologies’s dividend payout ratio is currently 13.99%.

In other Westinghouse Air Brake Technologies news, Director William E. Kassling sold 8,000 shares of Westinghouse Air Brake Technologies stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $109.27, for a total value of $874,160.00. Following the sale, the director now owns 81,444 shares of the company’s stock, valued at approximately $8,899,385.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP David L. Deninno sold 6,000 shares of Westinghouse Air Brake Technologies stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $113.44, for a total value of $680,640.00. Following the completion of the sale, the vice president now directly owns 59,888 shares in the company, valued at approximately $6,793,694.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 207,208 shares of company stock worth $22,743,371. 11.49% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Synovus Financial Corp bought a new position in shares of Westinghouse Air Brake Technologies during the 1st quarter valued at approximately $102,000. Teza Capital Management LLC bought a new position in shares of Westinghouse Air Brake Technologies during the 1st quarter valued at approximately $333,000. Toronto Dominion Bank increased its position in shares of Westinghouse Air Brake Technologies by 16.2% during the 1st quarter. Toronto Dominion Bank now owns 5,914 shares of the transportation company’s stock valued at $481,000 after purchasing an additional 823 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of Westinghouse Air Brake Technologies by 10.9% during the 1st quarter. CIBC Asset Management Inc now owns 7,109 shares of the transportation company’s stock valued at $579,000 after purchasing an additional 696 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in shares of Westinghouse Air Brake Technologies by 15.1% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 11,650 shares of the transportation company’s stock valued at $948,000 after purchasing an additional 1,530 shares during the last quarter.

Westinghouse Air Brake Technologies Company Profile

Westinghouse Air Brake Technologies Corporation, doing business as Wabtec Corporation, provides technology-based equipment, systems, and services for the freight rail and passenger transit vehicle industries worldwide. It operates in two segments, Freight and Transit. The Freight segment manufactures and services components for new and existing locomotive and freight cars; supplies railway electronics and positive train control equipment; offers signal design and engineering services; builds switcher locomotives; rebuilds freight locomotives; and provides heat exchangers and cooling systems for rail and other industrial markets.

Read More: NASDAQ

Receive News & Ratings for Westinghouse Air Brake Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westinghouse Air Brake Technologies and related companies with MarketBeat.com's FREE daily email newsletter.