Westinghouse Air Brake Technologies (NYSE:WAB) Upgraded by ValuEngine to “Hold”

Westinghouse Air Brake Technologies (NYSE:WAB) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Monday, February 4th.

Other analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Westinghouse Air Brake Technologies from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a research report on Saturday, January 5th. Stifel Nicolaus set a $110.00 target price on shares of Westinghouse Air Brake Technologies and gave the stock a “buy” rating in a report on Wednesday, October 31st. Wells Fargo & Co set a $105.00 target price on shares of Westinghouse Air Brake Technologies and gave the stock a “buy” rating in a report on Wednesday, October 31st. Seaport Global Securities restated a “buy” rating on shares of Westinghouse Air Brake Technologies in a report on Monday, January 28th. Finally, Wellington Shields upgraded shares of Westinghouse Air Brake Technologies from a “hold” rating to a “gradually accumulate” rating in a report on Monday, October 15th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $97.70.

Shares of WAB stock traded down $0.84 during trading on Monday, reaching $72.42. The company’s stock had a trading volume of 3,778,791 shares, compared to its average volume of 1,410,761. The company has a quick ratio of 2.28, a current ratio of 2.84 and a debt-to-equity ratio of 1.31. The firm has a market cap of $7.09 billion, a PE ratio of 19.01, a P/E/G ratio of 1.42 and a beta of 1.32. Westinghouse Air Brake Technologies has a one year low of $65.09 and a one year high of $115.40.

In other Westinghouse Air Brake Technologies news, Director Linda S. Harty sold 3,000 shares of the company’s stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $75.68, for a total value of $227,040.00. Following the transaction, the director now directly owns 6,054 shares in the company, valued at $458,166.72. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 11.49% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Capital International Investors acquired a new position in shares of Westinghouse Air Brake Technologies in the third quarter valued at about $317,827,000. Capital Guardian Trust Co. acquired a new position in shares of Westinghouse Air Brake Technologies in the third quarter valued at about $56,767,000. Capital Bank & Trust Co acquired a new position in shares of Westinghouse Air Brake Technologies in the third quarter valued at about $55,641,000. Canada Pension Plan Investment Board grew its stake in shares of Westinghouse Air Brake Technologies by 32.9% in the fourth quarter. Canada Pension Plan Investment Board now owns 407,310 shares of the transportation company’s stock valued at $28,611,000 after acquiring an additional 100,900 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Westinghouse Air Brake Technologies by 43.8% in the fourth quarter. Rhumbline Advisers now owns 224,625 shares of the transportation company’s stock valued at $15,780,000 after acquiring an additional 68,390 shares in the last quarter. Institutional investors and hedge funds own 93.43% of the company’s stock.

Westinghouse Air Brake Technologies Company Profile

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

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