Westinghouse Air Brake Technologies Corp (NYSE:WAB) has been given a consensus recommendation of “Buy” by the sixteen brokerages that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $97.89.

Several research firms have issued reports on WAB. Cowen reaffirmed an “outperform” rating and issued a $88.00 price target (down from $125.00) on shares of Westinghouse Air Brake Technologies in a report on Tuesday, January 29th. Stephens set a $92.00 price target on shares of Westinghouse Air Brake Technologies and gave the stock a “buy” rating in a report on Tuesday, February 26th. Jefferies Financial Group began coverage on shares of Westinghouse Air Brake Technologies in a report on Friday, February 22nd. They issued a “hold” rating and a $80.00 price target on the stock. Mizuho reaffirmed a “hold” rating on shares of Westinghouse Air Brake Technologies in a report on Tuesday, February 26th. Finally, ValuEngine lowered shares of Westinghouse Air Brake Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th.

NYSE WAB traded down $1.13 on Monday, hitting $75.65. The stock had a trading volume of 883,000 shares, compared to its average volume of 2,064,785. The company has a current ratio of 2.70, a quick ratio of 2.19 and a debt-to-equity ratio of 1.32. Westinghouse Air Brake Technologies has a 52-week low of $65.09 and a 52-week high of $115.40. The firm has a market capitalization of $7.42 billion, a P/E ratio of 19.86, a P/E/G ratio of 1.63 and a beta of 1.31.

Westinghouse Air Brake Technologies (NYSE:WAB) last released its quarterly earnings results on Monday, February 25th. The transportation company reported $0.97 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.02 by ($0.05). Westinghouse Air Brake Technologies had a return on equity of 12.63% and a net margin of 6.76%. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.10 billion. As a group, sell-side analysts predict that Westinghouse Air Brake Technologies will post 4.18 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date is Thursday, May 9th. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is presently 12.60%.

In other news, Director Linda S. Harty sold 3,000 shares of the business’s stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $75.68, for a total transaction of $227,040.00. Following the sale, the director now directly owns 6,054 shares of the company’s stock, valued at $458,166.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 11.49% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. RPG Investment Advisory LLC grew its holdings in shares of Westinghouse Air Brake Technologies by 545.0% during the first quarter. RPG Investment Advisory LLC now owns 645 shares of the transportation company’s stock valued at $48,000 after buying an additional 545 shares during the last quarter. Cribstone Capital Management LLC acquired a new position in Westinghouse Air Brake Technologies during the first quarter valued at $49,000. O Brien Greene & Co. Inc acquired a new position in Westinghouse Air Brake Technologies during the fourth quarter valued at $309,000. PRW Wealth Management LLC acquired a new position in Westinghouse Air Brake Technologies during the fourth quarter valued at $28,000. Finally, Berman Capital Advisors LLC acquired a new position in Westinghouse Air Brake Technologies during the fourth quarter valued at $127,000. 99.51% of the stock is currently owned by hedge funds and other institutional investors.

About Westinghouse Air Brake Technologies

Wabtec Corporation provides technology-based equipment, systems, and services for the freight rail and passenger transit vehicle industries worldwide. The company's Freight segment 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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Analyst Recommendations for Westinghouse Air Brake Technologies (NYSE:WAB)

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