Westinghouse Air Brake Technologies Corp (NYSE:WAB) – Stock analysts at Seaport Global Securities cut their Q1 2019 earnings per share (EPS) estimates for Westinghouse Air Brake Technologies in a report released on Tuesday, February 26th. Seaport Global Securities analyst W. Milby now expects that the transportation company will post earnings of $0.76 per share for the quarter, down from their prior forecast of $1.10. Seaport Global Securities currently has a “Buy” rating on the stock.
WAB has been the topic of several other reports. ValuEngine upgraded Westinghouse Air Brake Technologies from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Zacks Investment Research reiterated a “sell” rating on shares of Westinghouse Air Brake Technologies in a research note on Saturday, November 17th. Finally, William Blair reiterated an “outperform” rating on shares of Westinghouse Air Brake Technologies in a research note on Thursday, December 20th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $97.70.
Shares of WAB stock opened at $73.26 on Friday. Westinghouse Air Brake Technologies has a twelve month low of $65.09 and a twelve month high of $115.40. The company has a market capitalization of $7.09 billion, a price-to-earnings ratio of 21.36, a P/E/G ratio of 1.42 and a beta of 1.32. The company has a current ratio of 2.84, a quick ratio of 2.28 and a debt-to-equity ratio of 1.31.
Institutional investors have recently bought and sold shares of the stock. PRW Wealth Management LLC purchased a new stake in Westinghouse Air Brake Technologies during the fourth quarter worth $28,000. Berman Capital Advisors LLC purchased a new stake in Westinghouse Air Brake Technologies during the fourth quarter worth $127,000. Smithfield Trust Co. boosted its position in Westinghouse Air Brake Technologies by 177.3% during the third quarter. Smithfield Trust Co. now owns 2,080 shares of the transportation company’s stock worth $218,000 after purchasing an additional 1,330 shares in the last quarter. Piedmont Investment Advisors Inc. boosted its position in Westinghouse Air Brake Technologies by 10,666.7% during the third quarter. Piedmont Investment Advisors Inc. now owns 2,261 shares of the transportation company’s stock worth $237,000 after purchasing an additional 2,240 shares in the last quarter. Finally, Boston Common Asset Management LLC purchased a new stake in Westinghouse Air Brake Technologies during the third quarter worth $256,000. Hedge funds and other institutional investors own 93.43% of the company’s stock.
In related news, Director Linda S. Harty sold 3,000 shares of Westinghouse Air Brake Technologies stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $75.68, for a total value of $227,040.00. Following the sale, the director now directly owns 6,054 shares in the company, valued at $458,166.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 11.49% of the stock is owned by insiders.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 22nd. Investors of record on Friday, February 8th were paid a $0.12 dividend. The ex-dividend date was Thursday, February 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.66%. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is presently 13.99%.
About Westinghouse Air Brake Technologies
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.
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