Westinghouse Air Brake Technologies Corp (NYSE: WAB) is 10.99% higher on its value in year-to-date trading and has touched a low of $91.89 and a high of $143.51 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 $142.31 in the last trading session, with the day’s loss setting it -1.46%.
Currently trading at $140.85, the stock is 1.19% and 5.29% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing -1.03% at the moment leaves the stock 21.24% off its SMA200. WAB registered 39.76% gain for a year compared to 6-month gain of 32.51%. The firm has a 50-day simple moving average (SMA 50) of $2.93 and a 200-day simple moving average (SMA200) of $15.88.
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The stock witnessed a 3.26% loss in the last 1 month and extending the period to 3 months gives it a 17.47%, and is -0.80% down 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 1.52% over the week and 1.41% over the month.
Westinghouse Air Brake Technologies Corp (WAB) has around 29000 employees, a market worth around $24.93B and $9.68B in sales. Current P/E ratio is 31.01 and Fwd P/E is 18.54. Profit margin for the company is 8.42%. Distance from 52-week low is 53.28% and -1.85% 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 $2.4B over the same period.The EPS is expected to grow by 14.45% this year, but quarterly earnings will post 5.50% year-over-year. Quarterly sales are estimated to grow 9.30% in year-over-year returns.
1,225 institutions hold shares in Westinghouse Air Brake Technologies Corp (WAB), with institutional investors hold 95.43% of the company’s shares. The shares outstanding are 177.80M, and float is at 175.11M with Short Float at 1.37%. Institutions hold 94.37% 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
The most recent transaction is an insider sale by Santana Rafael, the company’s President and CEO. SEC filings show that Santana Rafael sold 40,219 shares of the company’s common stock on Mar 14 ’24 at a price of $140.62 per share for a total of $5.66 million. Following the sale, the insider now owns 0.12 million shares.
Westinghouse Air Brake Technologies Corp disclosed in a document filed with the SEC on Mar 11 ’24 that Schweitzer Pascal (President Transit) sold a total of 6,000 shares of the company’s common stock. The trade occurred on Mar 11 ’24 and was made at $140.61 per share for $0.84 million. Following the transaction, the insider now directly holds 16633.0 shares of the WAB stock.
Still, SEC filings show that on Feb 22 ’24, Theophilus Nicole B (EVP & Chief H.R. Officer) disposed off 3,000 shares at an average price of $137.26 for $0.41 million. The insider now directly holds 22,354 shares of Westinghouse Air Brake Technologies Corp (WAB).
