Westinghouse Air Brake Technologies (NYSE:WAB) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Westinghouse Air Brake Technologies Co. (NYSE:WAB) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $177.96 and traded as high as $191.60. Westinghouse Air Brake Technologies shares last traded at $190.45, with a volume of 822,152 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on WAB shares. The Goldman Sachs Group upped their target price on Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Stephens upped their price objective on shares of 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. Susquehanna lifted their target price on shares of Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the company a “positive” rating in a research report on Monday, October 21st. Finally, KeyCorp upped their price target on shares of Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Westinghouse Air Brake Technologies has a consensus rating of “Moderate Buy” and an average price target of $175.30.

Westinghouse Air Brake Technologies Trading Up 0.8 %

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 firm has a market capitalization of $32.74 billion, a price-to-earnings ratio of 31.74, a PEG ratio of 1.45 and a beta of 1.26. The company has a fifty day moving average price of $196.27 and a two-hundred day moving average price of $178.07.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.13. The business had revenue of $2.66 billion during 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 company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the company earned $1.70 EPS. As a group, research analysts forecast that Westinghouse Air Brake Technologies Co. will post 7.6 earnings per share for the current fiscal year.

Westinghouse Air Brake Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a $0.20 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $0.80 annualized dividend and a dividend yield of 0.42%. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is 13.33%.

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 that occurred 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 directly owns 5,683 shares of the company’s stock, valued at approximately $1,134,951.93. The trade was a 32.98 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Albert J. Neupaver sold 35,722 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $188.70, for a total transaction of $6,740,741.40. Following the transaction, the director now directly owns 614,447 shares of the company’s stock, valued at $115,946,148.90. The trade was a 5.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,393 shares of company stock worth $9,350,243 in the last 90 days. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Westinghouse Air Brake Technologies

Hedge funds have recently bought and sold shares of the company. Lord Abbett & CO. LLC purchased a new stake in Westinghouse Air Brake Technologies during the 3rd quarter worth approximately $24,630,000. Garde Capital Inc. purchased a new stake in shares of Westinghouse Air Brake Technologies during the third quarter worth $110,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Westinghouse Air Brake Technologies during the third quarter worth $386,000. iA Global Asset Management Inc. raised its stake in shares of Westinghouse Air Brake Technologies by 21.5% in the third quarter. iA Global Asset Management Inc. now owns 18,613 shares of the transportation company’s stock valued at $3,383,000 after acquiring an additional 3,288 shares in the last quarter. Finally, Erste Asset Management GmbH purchased a new position in Westinghouse Air Brake Technologies in the third quarter valued at $61,474,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

About Westinghouse Air Brake Technologies

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.