Westinghouse Air Brake Technologies (WAB) PT Set at $105.00 by Wells Fargo & Co

Wells Fargo & Co set a $105.00 price objective on Westinghouse Air Brake Technologies (NYSE:WAB) in a report published on Wednesday, Marketbeat.com reports. The brokerage currently has a buy rating on the transportation company’s stock.

Several other analysts have also issued reports on WAB. B. Riley set a $95.00 price target on Westinghouse Air Brake Technologies and gave the company a hold rating in a report on Tuesday, July 24th. KeyCorp reissued an overweight rating and set a $113.00 price target (up previously from $105.00) on shares of Westinghouse Air Brake Technologies in a report on Wednesday, July 25th. Zacks Investment Research raised Westinghouse Air Brake Technologies from a hold rating to a strong-buy rating and set a $119.00 price target for the company in a report on Monday, July 16th. Stifel Nicolaus boosted their price target on Westinghouse Air Brake Technologies from $115.00 to $120.00 and gave the company a buy rating in a report on Wednesday, July 25th. Finally, Cowen reissued a buy rating and set a $125.00 price target on shares of Westinghouse Air Brake Technologies in a report on Tuesday, July 24th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of Buy and an average price target of $106.73.

NYSE:WAB traded up $0.25 during mid-day trading on Wednesday, hitting $85.15. 1,272,820 shares of the company traded hands, compared to its average volume of 1,130,614. Westinghouse Air Brake Technologies has a one year low of $69.75 and a one year high of $115.40. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.99 and a current ratio of 2.84. The firm has a market capitalization of $7.92 billion, a PE ratio of 21.99, a P/E/G ratio of 1.85 and a beta of 1.17.

Westinghouse Air Brake Technologies (NYSE:WAB) last released its quarterly earnings results on Tuesday, October 30th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.95. Westinghouse Air Brake Technologies had a return on equity of 12.43% and a net margin of 7.16%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the company posted $0.88 earnings per share. Westinghouse Air Brake Technologies’s revenue for the quarter was up 12.5% on a year-over-year basis. Equities analysts forecast that Westinghouse Air Brake Technologies will post 3.85 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Friday, November 16th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Thursday, November 15th. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is 13.99%.

In related news, Director Robert J. Brooks sold 20,000 shares of the business’s stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $110.56, for a total value of $2,211,200.00. Following the sale, the director now directly owns 19,200 shares in the company, valued at $2,122,752. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP David L. Deninno sold 6,000 shares of the business’s stock in a transaction dated 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 owns 59,888 shares in the company, valued at $6,793,694.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,000 shares of company stock valued at $5,562,320. Corporate insiders own 11.49% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Sterling Capital Management LLC lifted its position in shares of Westinghouse Air Brake Technologies by 18.8% in the second quarter. Sterling Capital Management LLC now owns 47,706 shares of the transportation company’s stock worth $4,703,000 after buying an additional 7,553 shares in the last quarter. Cerebellum GP LLC purchased a new stake in shares of Westinghouse Air Brake Technologies in the third quarter worth about $150,000. Principal Financial Group Inc. lifted its position in shares of Westinghouse Air Brake Technologies by 2.6% in the first quarter. Principal Financial Group Inc. now owns 366,391 shares of the transportation company’s stock worth $29,824,000 after buying an additional 9,375 shares in the last quarter. MetLife Investment Advisors LLC lifted its position in shares of Westinghouse Air Brake Technologies by 0.9% in the second quarter. MetLife Investment Advisors LLC now owns 53,862 shares of the transportation company’s stock worth $5,310,000 after buying an additional 492 shares in the last quarter. Finally, Windward Capital Management Co. CA lifted its position in shares of Westinghouse Air Brake Technologies by 57.8% in the third quarter. Windward Capital Management Co. CA now owns 4,167 shares of the transportation company’s stock worth $437,000 after buying an additional 1,526 shares in the last quarter.

About Westinghouse Air Brake Technologies

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.

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Analyst Recommendations for Westinghouse Air Brake Technologies (NYSE:WAB)

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