Stifel Nicolaus reissued their hold rating on shares of Westinghouse Air Brake Technologies Corp (NYSE:WAB) in a report issued on Friday morning. They currently have a $74.00 target price on the transportation company’s stock.

Other equities analysts also recently issued research reports about the stock. Buckingham Research began coverage on shares of Westinghouse Air Brake Technologies Corp in a research note on Wednesday, June 21st. They set a buy rating and a $104.00 price target on the stock. FBR & Co cut their price target on shares of Westinghouse Air Brake Technologies Corp from $100.00 to $85.00 and set a market perform rating on the stock in a research note on Wednesday, July 26th. Edward Jones downgraded shares of Westinghouse Air Brake Technologies Corp from a buy rating to a hold rating in a research note on Wednesday, July 26th. Wellington Shields raised shares of Westinghouse Air Brake Technologies Corp from a hold rating to a gradually accumulate rating in a research note on Friday, April 7th. Finally, BidaskClub raised shares of Westinghouse Air Brake Technologies Corp from a hold rating to a buy rating in a research note on Tuesday, June 20th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Westinghouse Air Brake Technologies Corp currently has a consensus rating of Hold and an average target price of $92.63.

Shares of Westinghouse Air Brake Technologies Corp (NYSE WAB) opened at 75.36 on Friday. The stock’s 50 day moving average is $87.50 and its 200 day moving average is $83.37. The stock has a market cap of $7.23 billion, a price-to-earnings ratio of 26.52 and a beta of 1.06. Westinghouse Air Brake Technologies Corp has a 52-week low of $67.94 and a 52-week high of $93.81.

Westinghouse Air Brake Technologies Corp (NYSE:WAB) last announced its earnings results on Tuesday, July 25th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.94 by $0.14. The company had revenue of $932.25 million for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the prior year, the business posted $1.00 EPS. The business’s revenue was up 28.8% compared to the same quarter last year. On average, equities analysts expect that Westinghouse Air Brake Technologies Corp will post $3.63 earnings per share for the current fiscal year.

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

In other Westinghouse Air Brake Technologies Corp news, Director Brian Hehir sold 2,234 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were 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 of the company’s stock, valued at approximately $1,995,139.55. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 11.69% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in WAB. Champlain Investment Partners LLC raised its position in shares of Westinghouse Air Brake Technologies Corp by 55.7% in the first quarter. Champlain Investment Partners LLC now owns 884,975 shares of the transportation company’s stock valued at $69,028,000 after buying an additional 316,720 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Westinghouse Air Brake Technologies Corp by 141.8% in the first quarter. Russell Investments Group Ltd. now owns 463,107 shares of the transportation company’s stock valued at $36,123,000 after buying an additional 271,617 shares in the last quarter. Mountain Pacific Investment Advisers Inc. ID raised its position in Westinghouse Air Brake Technologies Corp by 0.6% in the second quarter. Mountain Pacific Investment Advisers Inc. ID now owns 285,430 shares of the transportation company’s stock valued at $26,117,000 after buying an additional 1,605 shares during the period. Tandem Investment Advisors Inc. raised its position in Westinghouse Air Brake Technologies Corp by 15.2% in the first quarter. Tandem Investment Advisors Inc. now owns 67,868 shares of the transportation company’s stock valued at $5,294,000 after buying an additional 8,932 shares during the period. Finally, Azimuth Capital Management LLC acquired a new position in Westinghouse Air Brake Technologies Corp during the first quarter valued at approximately $3,283,000.

Westinghouse Air Brake Technologies Corp 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 Corp (NYSE:WAB)

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