Atlantic Securities Begins Coverage on Westinghouse Air Brake Technologies (NYSE:WAB)

Atlantic Securities started coverage on shares of Westinghouse Air Brake Technologies (NYSE:WABGet Rating) in a report issued on Monday, MarketBeat Ratings reports. The firm issued an overweight rating and a $101.00 price target on the transportation company’s stock.

Other analysts also recently issued reports about the stock. Stephens increased their price objective on shares of Westinghouse Air Brake Technologies from $105.00 to $110.00 and gave the company an overweight rating in a research report on Thursday, February 17th. Wolfe Research raised shares of Westinghouse Air Brake Technologies from an underperform rating to a market perform rating in a research report on Thursday, April 28th. Finally, StockNews.com raised shares of Westinghouse Air Brake Technologies from a hold rating to a buy rating in a research report on Sunday, May 1st. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Westinghouse Air Brake Technologies currently has a consensus rating of Buy and a consensus price target of $100.00.

Shares of Westinghouse Air Brake Technologies stock opened at $90.75 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.36 and a quick ratio of 0.72. The company has a 50-day moving average of $91.04 and a 200 day moving average of $91.70. The firm has a market cap of $16.58 billion, a price-to-earnings ratio of 28.63, a PEG ratio of 1.39 and a beta of 1.51. Westinghouse Air Brake Technologies has a 1 year low of $76.30 and a 1 year high of $100.04.

Westinghouse Air Brake Technologies (NYSE:WABGet Rating) last issued its quarterly earnings results on Wednesday, April 27th. The transportation company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.64. Westinghouse Air Brake Technologies had a net margin of 7.51% and a return on equity of 8.27%. The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same period last year, the business earned $0.89 EPS. Westinghouse Air Brake Technologies’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities analysts anticipate that Westinghouse Air Brake Technologies will post 4.96 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 27th. Stockholders of record on Friday, May 20th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Thursday, May 19th. Westinghouse Air Brake Technologies’s payout ratio is presently 18.93%.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers boosted its holdings in shares of Westinghouse Air Brake Technologies by 2.4% in the first quarter. Rhumbline Advisers now owns 282,492 shares of the transportation company’s stock worth $27,167,000 after buying an additional 6,529 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in shares of Westinghouse Air Brake Technologies by 2,233.1% in the first quarter. Neuberger Berman Group LLC now owns 245,277 shares of the transportation company’s stock worth $23,589,000 after buying an additional 234,764 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of Westinghouse Air Brake Technologies by 236.1% in the fourth quarter. BNP Paribas Arbitrage SA now owns 197,245 shares of the transportation company’s stock worth $18,168,000 after buying an additional 138,551 shares during the last quarter. United Capital Financial Advisers LLC boosted its holdings in shares of Westinghouse Air Brake Technologies by 0.6% in the first quarter. United Capital Financial Advisers LLC now owns 152,422 shares of the transportation company’s stock worth $14,658,000 after buying an additional 900 shares during the last quarter. Finally, WASHINGTON TRUST Co boosted its holdings in shares of Westinghouse Air Brake Technologies by 4.9% in the first quarter. WASHINGTON TRUST Co now owns 146,177 shares of the transportation company’s stock worth $14,058,000 after buying an additional 6,845 shares during the last quarter. 91.70% of the stock is currently owned by institutional investors.

Westinghouse Air Brake Technologies Company Profile (Get Rating)

Westinghouse Air Brake Technologies Corporation provides technology-based equipment, systems, and services for the freight rail and passenger transit industries worldwide. It operates through two segments, Freight and Transit. The Freight segment manufactures and services components for new and existing freight cars and locomotives; builds new commuter locomotives; rebuilds freight locomotives; supplies railway electronics, positive train control equipment, signal design, and engineering services; and provides related heat exchange and cooling systems.

Read More

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

Receive News & Ratings for Westinghouse Air Brake Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westinghouse Air Brake Technologies and related companies with MarketBeat.com's FREE daily email newsletter.