Westinghouse Air Brake Technologies (WAB) Reaches New 12-Month High and Low at $102.11

Westinghouse Air Brake Technologies Corp (NYSE:WAB)’s share price reached a new 52-week high and low on Thursday . The stock traded as low as $102.11 and last traded at $101.71, with a volume of 17870 shares changing hands. The stock had previously closed at $101.93.

Several equities analysts recently weighed in on WAB shares. ValuEngine upgraded shares of Westinghouse Air Brake Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, April 24th. Cowen restated a “buy” rating and set a $90.00 price target on shares of Westinghouse Air Brake Technologies in a research report on Monday, April 23rd. Stifel Nicolaus upgraded shares of Westinghouse Air Brake Technologies from a “hold” rating to a “buy” rating and increased their price target for the company from $75.00 to $99.00 in a research report on Monday, April 23rd. Deutsche Bank upgraded shares of Westinghouse Air Brake Technologies from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a research report on Monday, May 14th. Finally, Zacks Investment Research upgraded shares of Westinghouse Air Brake Technologies from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a research report on Saturday, May 19th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. Westinghouse Air Brake Technologies presently has a consensus rating of “Buy” and an average price target of $100.77.

Get Westinghouse Air Brake Technologies alerts:

The firm has a market cap of $9.63 billion, a P/E ratio of 29.70, a PEG ratio of 2.25 and a beta of 0.93. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 1.50.

Westinghouse Air Brake Technologies (NYSE:WAB) last released its quarterly earnings data on Tuesday, April 24th. The transportation company reported $0.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.02. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.01 billion. Westinghouse Air Brake Technologies had a net margin of 6.88% and a return on equity of 12.13%. The company’s revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 earnings per share. analysts predict that Westinghouse Air Brake Technologies Corp will post 3.87 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 25th. Shareholders of record on Friday, May 11th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.47%. The ex-dividend date was Thursday, May 10th. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is presently 13.99%.

In other Westinghouse Air Brake Technologies news, Director Lee B. Foster II sold 4,000 shares of the company’s stock in a transaction dated Wednesday, May 23rd. The shares were sold at an average price of $96.90, for a total transaction of $387,600.00. Following the sale, the director now directly owns 19,200 shares of the company’s stock, valued at $1,860,480. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Albert J. Neupaver sold 65,000 shares of the company’s stock in a transaction dated Tuesday, May 29th. The shares were sold at an average price of $96.71, for a total transaction of $6,286,150.00. Following the sale, the director now directly owns 602,591 shares in the company, valued at $58,276,575.61. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 81,500 shares of company stock worth $7,892,580. Insiders own 11.49% of the company’s stock.

Several institutional investors have recently made changes to their positions in WAB. Synovus Financial Corp purchased a new stake in shares of Westinghouse Air Brake Technologies in the first quarter worth about $102,000. Zions Bancorporation purchased a new stake in shares of Westinghouse Air Brake Technologies in the first quarter worth about $197,000. Massey Quick Simon & CO. LLC lifted its holdings in shares of Westinghouse Air Brake Technologies by 100.0% in the first quarter. Massey Quick Simon & CO. LLC now owns 3,348 shares of the transportation company’s stock worth $273,000 after buying an additional 1,674 shares in the last quarter. Granite Springs Asset Management LLC lifted its holdings in shares of Westinghouse Air Brake Technologies by 21.2% in the first quarter. Granite Springs Asset Management LLC now owns 4,000 shares of the transportation company’s stock worth $326,000 after buying an additional 700 shares in the last quarter. Finally, Emerald Advisers Inc. PA purchased a new stake in shares of Westinghouse Air Brake Technologies in the fourth quarter worth about $327,000.

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.

Leave a Reply

Your email address will not be published. Required fields are marked *