Westinghouse Air Brake Technologies Corp (NYSE: WAB) is 32.29% 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 $165.53 in the last trading session, with the day’s gains setting it 2.34%.
Currently trading at $167.87, the stock is 5.99% and 4.89% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.04 million and changing 1.41% at the moment leaves the stock 15.32% off its SMA200. WAB registered 49.07% gain for a year compared to 6-month gain of 18.81%.
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The stock witnessed a 4.17% loss in the last 1 month and extending the period to 3 months gives it a -0.69%, and is 2.84% 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 1.69% over the week and 1.86% over the month.
Westinghouse Air Brake Technologies Corp (WAB) has around 29000 employees, a market worth around $29.41B and $10.22B in sales. Current P/E ratio is 29.35 and Fwd P/E is 19.95. Profit margin for the company is 9.94%. Distance from 52-week low is 70.08% and -1.73% from its 52-week high. The company has generated returns on investments over the last 12 months (7.14%).
Westinghouse Air Brake Technologies Corp quarterly earnings per share for the current quarter are estimated at 1.89 with sales reaching $2.69B over the same period.The EPS is expected to grow by 26.26% this year, but quarterly earnings will post 7.80% year-over-year. Quarterly sales are estimated to grow 5.60% in year-over-year returns.
1354.0 institutions hold shares in Westinghouse Air Brake Technologies Corp (WAB), with institutional investors hold 94.36% of the company’s shares. The shares outstanding are 177.80M, and float is at 173.31M with Short Float at 1.41%. Institutions hold 93.39% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 19.63 million shares valued at $3.1 billion. The investor’s holdings represent 11.1238 of the WAB Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 15.1 million shares valued at $2.39 billion to account for 8.5528 of the shares outstanding. The other top investors are PRICE T ROWE ASSOCIATES INC /MD/ which holds 8.41 million shares representing 4.7649 and valued at over $1.33 billion, while STATE STREET CORP holds 4.0641 of the shares totaling 7.17 million with a market value of $1.13 billion.
Westinghouse Air Brake Technologies Corp (WAB) Insider Activity
Westinghouse Air Brake Technologies Corp disclosed in a document filed with the SEC on Aug 26 ’24 that Hammersmith Alicia (President – Services Group) sold a total of 4,169 shares of the company’s common stock. The trade occurred on Aug 26 ’24 and was made at $165.54 per share for $0.69 million. Following the transaction, the insider now directly holds 5606.0 shares of the WAB stock.
Still, SEC filings show that on Aug 26 ’24, Hammersmith Alicia (Officer) Proposed Sale 4,169 shares at an average price of $165.54 for $0.69 million. The insider now directly holds shares of Westinghouse Air Brake Technologies Corp (WAB).
