Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has received a consensus rating of “Hold” from the twelve ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $88.29.

Several research firms recently issued reports on WAB. Zacks Investment Research downgraded Westinghouse Air Brake Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Buckingham Research cut their target price on Westinghouse Air Brake Technologies Corporation from $100.00 to $97.00 and set a “buy” rating on the stock in a research report on Wednesday, October 25th. Stifel Nicolaus reissued a “hold” rating and issued a $75.00 target price (up from $74.00) on shares of Westinghouse Air Brake Technologies Corporation in a research report on Wednesday, October 25th. FBR & Co set a $85.00 target price on Westinghouse Air Brake Technologies Corporation and gave the company a “hold” rating in a research report on Wednesday, October 25th. Finally, KeyCorp reissued a “buy” rating and issued a $100.00 target price on shares of Westinghouse Air Brake Technologies Corporation in a research report on Sunday, September 17th.

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In related news, VP David L. Deninno sold 1,917 shares of the firm’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $76.10, for a total value of $145,883.70. Following the transaction, the vice president now directly owns 56,131 shares of the company’s stock, valued at approximately $4,271,569.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 11.69% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. IFP Advisors Inc lifted its stake in Westinghouse Air Brake Technologies Corporation by 15.2% in the 2nd quarter. IFP Advisors Inc now owns 1,913 shares of the transportation company’s stock valued at $175,000 after buying an additional 252 shares in the last quarter. Tredje AP fonden raised its holdings in Westinghouse Air Brake Technologies Corporation by 15.7% in the 2nd quarter. Tredje AP fonden now owns 2,720 shares of the transportation company’s stock valued at $249,000 after acquiring an additional 370 shares during the last quarter. Moody Lynn & Lieberson LLC acquired a new stake in Westinghouse Air Brake Technologies Corporation in the 2nd quarter valued at about $520,000. Buffington Mohr McNeal raised its holdings in Westinghouse Air Brake Technologies Corporation by 1.9% in the 2nd quarter. Buffington Mohr McNeal now owns 10,165 shares of the transportation company’s stock valued at $930,000 after acquiring an additional 185 shares during the last quarter. Finally, Kingfisher Capital LLC raised its holdings in Westinghouse Air Brake Technologies Corporation by 3.0% in the 2nd quarter. Kingfisher Capital LLC now owns 13,580 shares of the transportation company’s stock valued at $1,243,000 after acquiring an additional 392 shares during the last quarter.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) last issued its quarterly earnings results on Tuesday, October 24th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.04. The business had revenue of $957.93 million for the quarter, compared to the consensus estimate of $947.18 million. Westinghouse Air Brake Technologies Corporation had a return on equity of 11.85% and a net margin of 7.04%. The business’s quarterly revenue was up 41.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.94 earnings per share.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Monday, November 13th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend is Friday, November 10th. Westinghouse Air Brake Technologies Corporation’s payout ratio is currently 18.18%.

Westinghouse Air Brake Technologies Corporation Company Profile

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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