2 weeks Ago By Defense World Staff
Shares of Westinghouse Air Brake Technologies Co. ( NYSE:WAB – Get Free Report ) have been given a consensus rating of “Moderate Buy” by the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and seven have issued a buy rating on the company.
The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $163.90. Several research analysts recently issued reports on the company.
The Goldman Sachs Group increased their price objective on Westinghouse Air Brake Technologies from $160.00 to $181.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 4th.
Bank of America increased their price target on Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd.
View Our Latest Stock Analysis on WAB Insiders Place Their Bets Hedge Funds Weigh In On Westinghouse Air Brake Technologies Institutional investors have recently modified their holdings of the stock. Rhumbline Advisers grew its position in shares of Westinghouse Air Brake Technologies by 2.1% during the 2nd quarter.
Rhumbline Advisers now owns 335,483 shares of the transportation company’s stock valued at $53,023,000 after acquiring an additional 7,012 shares during the period. BNP Paribas Financial Markets grew its holdings in Westinghouse Air Brake Technologies by 107.8% in the first quarter.
BNP Paribas Financial Markets now owns 170,248 shares of the transportation company’s stock valued at $24,802,000 after purchasing an additional 88,325 shares during the period. Forsta AP Fonden increased its position in shares of Westinghouse Air Brake Technologies by 64.5% in the first quarter.
Forsta AP Fonden now owns 53,300 shares of the transportation company’s stock valued at $7,765,000 after buying an additional 20,900 shares in the last quarter. DNB Asset Management AS raised its stake in shares of Westinghouse Air Brake Technologies by 3.9% during the 2nd quarter.
DNB Asset Management AS now owns 46,343 shares of the transportation company’s stock worth $7,325,000 after buying an additional 1,729 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in shares of Westinghouse Air Brake Technologies by 12.3% during the 2nd quarter.
Nisa Investment Advisors LLC now owns 22,357 shares of the transportation company’s stock valued at $3,534,000 after buying an additional 2,457 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.
Westinghouse Air Brake Technologies Price Performance Shares of WAB stock opened at $182.27 on Monday. The stock has a 50 day moving average price of $164.
63 and a 200 day moving average price of $160.31. Westinghouse Air Brake Technologies has a 52-week low of $98.
70 and a 52-week high of $184.11. The company has a debt-to-equity ratio of 0.
33, a quick ratio of 0.73 and a current ratio of 1.38.
The firm has a market capitalization of $32.15 billion, a P/E ratio of 35.60, a P/E/G ratio of 1.
50 and a beta of 1.27. Westinghouse Air Brake Technologies ( NYSE:WAB – Get Free Report ) last issued its earnings results on Wednesday, July 24th.
The transportation company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.
08. Westinghouse Air Brake Technologies had a net margin of 9.94% and a return on equity of 12.
05%. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.
64 billion. During the same period in the previous year, the firm earned $1.41 earnings per share.
The business’s revenue was up 9.8% on a year-over-year basis. As a group, sell-side analysts predict that Westinghouse Air Brake Technologies will post 7.
46 earnings per share for the current year. Westinghouse Air Brake Technologies Announces Dividend The company also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were issued a $0.
20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.
44%. The ex-dividend date of this dividend was Wednesday, August 14th. Westinghouse Air Brake Technologies’s dividend payout ratio is currently 15.
63%. Westinghouse Air Brake Technologies Company Profile ( Get Free Report 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.
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