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Westinghouse Air Brake Technologies Corp (WAB) – Don’t Believe the Hype: Check The Facts

Westinghouse Air Brake Technologies Corp (NYSE: WAB) is 26.53% higher on its value in year-to-date trading and has touched a low of $98.70 and a high of $170.83 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 $157.24 in the last trading session, with the day’s gains setting it 3.33%.

Currently trading at $160.57, the stock is 0.33% and -1.91% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.96 million and changing 2.12% at the moment leaves the stock 18.40% off its SMA200. WAB registered 44.20% gain for a year compared to 6-month gain of 27.02%.

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The stock witnessed a -1.59% loss in the last 1 month and extending the period to 3 months gives it a 8.60%, and is 3.27% 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 1.84% over the week and 1.86% over the month.

Westinghouse Air Brake Technologies Corp (WAB) has around 29000 employees, a market worth around $28.32B and $9.98B in sales. Current P/E ratio is 31.23 and Fwd P/E is 19.43. Profit margin for the company is 9.20%. Distance from 52-week low is 62.68% and -6.01% from its 52-week high. The company has generated returns on investments over the last 12 months (6.24%).

The EPS is expected to grow by 24.54% this year

The shares outstanding are 177.80M, and float is at 174.53M with Short Float at 1.08%.

Westinghouse Air Brake Technologies Corp (WAB) Insider Activity

The most recent transaction is an insider sale by Sbrocco Gregory, the company’s EVP Operations. SEC filings show that Sbrocco Gregory sold 1,646 shares of the company’s common stock on May 10 ’24 at a price of $167.30 per share for a total of $0.28 million. Following the sale, the insider now owns 16666.0 shares.

Westinghouse Air Brake Technologies Corp disclosed in a document filed with the SEC on Apr 30 ’24 that NEUPAVER ALBERT J (Director) sold a total of 29,100 shares of the company’s common stock. The trade occurred on Apr 30 ’24 and was made at $161.63 per share for $4.7 million. Following the transaction, the insider now directly holds 0.6 million shares of the WAB stock.

Still, SEC filings show that on Apr 29 ’24, Schweitzer Pascal (President Transit) disposed off 6,000 shares at an average price of $162.74 for $0.98 million. The insider now directly holds 10,633 shares of Westinghouse Air Brake Technologies Corp (WAB).

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