Westinghouse Air Brake Technologies Corp (NYSE: WAB) is 11.34% higher on its value in year-to-date trading and has touched a low of $91.89 and a high of $139.89 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WAB stock was last observed hovering at around $139.49 in the last trading session, with the day’s gains setting it 1.8%.
Currently trading at $141.29, the stock is 4.04% and 8.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.32 million and changing 1.29% at the moment leaves the stock 24.03% off its SMA200. WAB registered 35.43% gain for a year compared to 6-month gain of 25.47%. The firm has a 50-day simple moving average (SMA 50) of $2.94 and a 200-day simple moving average (SMA200) of $15.93.
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The stock witnessed a 6.48% loss in the last 1 month and extending the period to 3 months gives it a 22.76%, and is 2.52% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.14% over the week and 1.42% over the month.
Westinghouse Air Brake Technologies Corp (WAB) has around 29000 employees, a market worth around $25.01B and $9.68B in sales. Current P/E ratio is 31.11 and Fwd P/E is 18.64. Profit margin for the company is 8.42%. Distance from 52-week low is 53.76% and 1.00% from its 52-week high. The company has generated returns on investments over the last 12 months (5.81%).
Westinghouse Air Brake Technologies Corp quarterly earnings per share for the current quarter are estimated at $1.49 with sales reaching $2.39B over the same period.The EPS is expected to grow by 14.39% this year, but quarterly earnings will post 5.50% year-over-year. Quarterly sales are estimated to grow 9.10% in year-over-year returns.
1,219 institutions hold shares in Westinghouse Air Brake Technologies Corp (WAB), with institutional investors hold 95.45% of the company’s shares. The shares outstanding are 177.80M, and float is at 175.19M with Short Float at 1.14%. Institutions hold 94.41% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 20.35 million shares valued at $2.23 billion. The investor’s holdings represent 11.36% of the WAB Shares outstanding. As of Jun 29, 2023, the second largest holder is Wellington Management Group, LLP with 12.2 million shares valued at $1.34 billion to account for 6.81% of the shares outstanding. The other top investors are Blackrock Inc. which holds 11.86 million shares representing 6.62% and valued at over $1.3 billion, while Pzena Investment Management Llc holds 4.22% of the shares totaling 7.56 million with a market value of $829.13 million.
Westinghouse Air Brake Technologies Corp (WAB) Insider Activity
A total of 1 insider transactions have happened at Westinghouse Air Brake Technologies Corp (WAB) in the last six months, with sales accounting for 1 and purchases happening 0 times. The most recent transaction is an insider sale by Theophilus Nicole B, the company’s EVP & Chief H.R. Officer. SEC filings show that Theophilus Nicole B sold 3,000 shares of the company’s common stock on Feb 22 at a price of $137.26 per share for a total of $0.41 million. Following the sale, the insider now owns 22354.0 shares.
Westinghouse Air Brake Technologies Corp disclosed in a document filed with the SEC on Feb 21 that DeNinno David L (Exec VP, General Counsel, Sec.) sold a total of 6,607 shares of the company’s common stock. The trade occurred on Feb 21 and was made at $135.61 per share for $0.9 million. Following the transaction, the insider now directly holds 65535.0 shares of the WAB stock.
Still, SEC filings show that on Feb 15, Hehir Brian (Director) disposed off 5,470 shares at an average price of $135.80 for $0.74 million. The insider now directly holds 23,065 shares of Westinghouse Air Brake Technologies Corp (WAB).
Westinghouse Air Brake Technologies Corp (WAB): Who are the competitors?
One of the company’s main competitors (and peers) include Alstom S.A. (ALO) that is trading -55.26% down over the past 12 months.GATX Corp. (GATX) lies in the list of competitors of the Westinghouse Air Brake Technologies Corp and is 14.46% higher over the same period from WABTrinity Industries Inc. (TRN) is -8.87% down on the 1-year trading charts.
