Westinghouse Air Brake Technologies (NYSE:WAB) Reaches New 12-Month High – Still a Buy?

Westinghouse Air Brake Technologies Co. (NYSE:WAB)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $207.70 and last traded at $207.03, with a volume of 854088 shares traded. The stock had previously closed at $205.65.

Analyst Ratings Changes

A number of analysts have weighed in on WAB shares. Bank of America boosted their price target on Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Stephens upped their target price on Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. The Goldman Sachs Group lifted their price target on shares of Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Susquehanna upped their price objective on shares of Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the stock a “positive” rating in a report on Monday, October 21st. Finally, KeyCorp lifted their target price on shares of Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $188.50.

Westinghouse Air Brake Technologies Trading Down 0.0 %

The company has a current ratio of 1.30, a quick ratio of 0.65 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $35.91 billion, a P/E ratio of 34.82, a P/E/G ratio of 1.33 and a beta of 1.27. The business’s fifty day simple moving average is $197.44 and its two-hundred day simple moving average is $182.05.

Westinghouse Air Brake Technologies (NYSE:WAB) last released its earnings results on Wednesday, October 23rd. The transportation company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.13. The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.68 billion. Westinghouse Air Brake Technologies had a return on equity of 12.52% and a net margin of 10.25%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the business earned $1.70 earnings per share. As a group, analysts forecast that Westinghouse Air Brake Technologies Co. will post 7.6 earnings per share for the current year.

Insider Transactions at Westinghouse Air Brake Technologies

In other news, CAO John A. Mastalerz, Jr. sold 2,796 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $199.71, for a total value of $558,389.16. Following the sale, the chief accounting officer now owns 5,683 shares in the company, valued at approximately $1,134,951.93. The trade was a 32.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP David L. Deninno sold 875 shares of Westinghouse Air Brake Technologies stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $188.70, for a total transaction of $165,112.50. Following the transaction, the vice president now directly owns 55,352 shares of the company’s stock, valued at $10,444,922.40. This represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,393 shares of company stock valued at $7,464,243. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Westinghouse Air Brake Technologies

Several large investors have recently made changes to their positions in WAB. Greenleaf Trust grew its holdings in Westinghouse Air Brake Technologies by 2.9% during the 4th quarter. Greenleaf Trust now owns 3,344 shares of the transportation company’s stock worth $634,000 after acquiring an additional 94 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Westinghouse Air Brake Technologies by 88.8% in the fourth quarter. Pacer Advisors Inc. now owns 31,811 shares of the transportation company’s stock valued at $6,031,000 after purchasing an additional 14,959 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Westinghouse Air Brake Technologies by 2.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 20,459 shares of the transportation company’s stock worth $3,879,000 after buying an additional 532 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in Westinghouse Air Brake Technologies in the 3rd quarter valued at $24,630,000. Finally, Garde Capital Inc. acquired a new stake in shares of Westinghouse Air Brake Technologies in the 3rd quarter valued at $110,000. Institutional investors own 91.69% of the company’s stock.

Westinghouse Air Brake Technologies Company Profile

Westinghouse Air Brake Technologies Corporation, together with its subsidiaries, provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It offers diesel-electric, battery, and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products.