Edward Jones cut shares of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) from a buy rating to a hold rating in a research note released on Wednesday.

A number of other research firms have also recently weighed in on WAB. BidaskClub cut Westinghouse Air Brake Technologies Corporation from a buy rating to a hold rating in a report on Tuesday, July 25th. FBR & Co decreased their price target on Westinghouse Air Brake Technologies Corporation from $100.00 to $85.00 and set a market perform rating for the company in a report on Wednesday. Zacks Investment Research upgraded Westinghouse Air Brake Technologies Corporation from a sell rating to a hold rating in a report on Thursday, July 13th. Buckingham Research started coverage on Westinghouse Air Brake Technologies Corporation in a report on Wednesday, June 21st. They issued a buy rating and a $104.00 price target for the company. Finally, Wolfe Research cut Westinghouse Air Brake Technologies Corporation from an outperform rating to a market perform rating in a report on Wednesday, April 26th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Westinghouse Air Brake Technologies Corporation presently has a consensus rating of Hold and a consensus target price of $92.63.

Westinghouse Air Brake Technologies Corporation (NYSE WAB) opened at 75.05 on Wednesday. The company has a 50-day moving average of $87.81 and a 200-day moving average of $83.47. Westinghouse Air Brake Technologies Corporation has a 52 week low of $67.94 and a 52 week high of $93.81. The stock has a market cap of $7.20 billion, a P/E ratio of 26.41 and a beta of 1.07.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) last released its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.94 by $0.14. The company had revenue of $932.25 million during the quarter, compared to analysts’ expectations of $1 billion. Westinghouse Air Brake Technologies Corporation had a return on equity of 13.38% and a net margin of 8.10%. The firm’s revenue was up 28.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.00 EPS. On average, analysts predict that Westinghouse Air Brake Technologies Corporation will post $3.63 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Stockholders of record on Monday, August 14th will be paid a dividend of $0.12 per share. This is a boost from Westinghouse Air Brake Technologies Corporation’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a dividend yield of 0.64%. The ex-dividend date is Thursday, August 10th. Westinghouse Air Brake Technologies Corporation’s dividend payout ratio is 14.04%.

In other news, Director Brian Hehir sold 2,234 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $80.11, for a total transaction of $178,965.74. Following the completion of the transaction, the director now directly owns 24,905 shares in the company, valued at approximately $1,995,139.55. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 11.69% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Tredje AP fonden acquired a new position in Westinghouse Air Brake Technologies Corporation during the first quarter valued at approximately $183,000. Moody Lynn & Lieberson LLC acquired a new position in Westinghouse Air Brake Technologies Corporation during the second quarter valued at approximately $520,000. Buffington Mohr McNeal boosted its position in Westinghouse Air Brake Technologies Corporation by 34.3% in the first quarter. Buffington Mohr McNeal now owns 9,980 shares of the transportation company’s stock valued at $778,000 after buying an additional 2,550 shares during the period. SG Americas Securities LLC boosted its position in Westinghouse Air Brake Technologies Corporation by 40.2% in the first quarter. SG Americas Securities LLC now owns 36,995 shares of the transportation company’s stock valued at $2,886,000 after buying an additional 10,607 shares during the period. Finally, Karp Capital Management Corp acquired a new position in Westinghouse Air Brake Technologies Corporation during the first quarter valued at approximately $2,928,000.

About Westinghouse Air Brake Technologies Corporation

Westinghouse Air Brake Technologies Corporation (Wabtec), doing business as Wabtec Corporation, is a provider of technology-based equipment and services for the global freight and transit rail industries. The Company’s segments include the Freight Segment and the Transit Segment. The Freight Segment primarily 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.

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

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