Westinghouse Air Brake Technologies Corp (NYSE: WAB) is 43.31% higher on its value in year-to-date trading and has touched a low of $98.70 and a high of $180.79 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 $180.62 in the last trading session, with the day’s gains setting it 1.24%.
Currently trading at $181.86, the stock is 7.48% and 11.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.09 million and changing 0.69% at the moment leaves the stock 20.94% off its SMA200. WAB registered 69.30% gain for a year compared to 6-month gain of 26.37%. The firm has a 50-day simple moving average (SMA 50) of $163.9058 and a 200-day simple moving average (SMA200) of $150.6926.
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The stock witnessed a 10.06% loss in the last 1 month and extending the period to 3 months gives it a 14.13%, and is 4.69% 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 1.41% over the week and 1.87% over the month.
Westinghouse Air Brake Technologies Corp (WAB) has around 29000 employees, a market worth around $31.86B and $10.22B in sales. Current P/E ratio is 31.80 and Fwd P/E is 21.61. Profit margin for the company is 9.94%. Distance from 52-week low is 84.26% and 0.59% from its 52-week high. The company has generated returns on investments over the last 12 months (7.14%).
The EPS is expected to grow by 26.26% this year
1359.0 institutions hold shares in Westinghouse Air Brake Technologies Corp (WAB), with institutional investors hold 94.48% of the company’s shares. The shares outstanding are 177.80M, and float is at 173.32M with Short Float at 1.54%. Institutions hold 93.51% 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
The most recent transaction is an insider sale by Schweitzer Pascal, the company’s President Transit. SEC filings show that Schweitzer Pascal sold 2,261 shares of the company’s common stock on Sep 11 ’24 at a price of $163.57 per share for a total of $0.37 million. Following the sale, the insider now owns 8372.0 shares.
Still, SEC filings show that on Aug 28 ’24, David L. DeNinno (Affiliate) Proposed Sale 3,000 shares at an average price of $164.81 for $0.49 million. The insider now directly holds shares of Westinghouse Air Brake Technologies Corp (WAB).
