Tredje AP fonden Decreases Position in Westinghouse Air Brake Technologies Co. (NYSE:WAB)

Tredje AP fonden decreased its position in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 1.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,615 shares of the transportation company’s stock after selling 645 shares during the quarter. Tredje AP fonden’s holdings in Westinghouse Air Brake Technologies were worth $8,632,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV increased its holdings in Westinghouse Air Brake Technologies by 26.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the transportation company’s stock worth $90,000 after buying an additional 118 shares in the last quarter. Greenleaf Trust grew its stake in shares of Westinghouse Air Brake Technologies by 4.3% in the first quarter. Greenleaf Trust now owns 3,201 shares of the transportation company’s stock worth $466,000 after acquiring an additional 133 shares during the period. UMB Bank n.a. raised its holdings in shares of Westinghouse Air Brake Technologies by 3.4% during the second quarter. UMB Bank n.a. now owns 4,701 shares of the transportation company’s stock valued at $743,000 after purchasing an additional 156 shares during the last quarter. First Hawaiian Bank lifted its position in Westinghouse Air Brake Technologies by 4.4% during the first quarter. First Hawaiian Bank now owns 3,699 shares of the transportation company’s stock valued at $539,000 after purchasing an additional 157 shares during the period. Finally, Plato Investment Management Ltd boosted its holdings in Westinghouse Air Brake Technologies by 2.3% in the second quarter. Plato Investment Management Ltd now owns 11,522 shares of the transportation company’s stock worth $1,821,000 after purchasing an additional 261 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on WAB shares. Bank of America boosted their target price on shares of Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. The Goldman Sachs Group raised their target price on Westinghouse Air Brake Technologies from $160.00 to $181.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 4th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $163.90.

Westinghouse Air Brake Technologies Stock Down 0.2 %

WAB stock opened at $173.72 on Thursday. The business’s 50-day moving average price is $162.22 and its 200-day moving average price is $158.18. The stock has a market cap of $30.43 billion, a P/E ratio of 33.93, a PEG ratio of 1.42 and a beta of 1.27. The company has a quick ratio of 0.73, a current ratio of 1.38 and a debt-to-equity ratio of 0.33. Westinghouse Air Brake Technologies Co. has a twelve month low of $98.70 and a twelve month high of $175.77.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its quarterly earnings results on Wednesday, July 24th. The transportation company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.08. The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.64 billion. Westinghouse Air Brake Technologies had a net margin of 9.94% and a return on equity of 12.05%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.41 earnings per share. On average, equities research analysts forecast that Westinghouse Air Brake Technologies Co. will post 7.46 EPS for the current year.

Westinghouse Air Brake Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.80 dividend on an annualized basis and a yield of 0.46%. Westinghouse Air Brake Technologies’s payout ratio is presently 15.63%.

Insider Buying and Selling at Westinghouse Air Brake Technologies

In related news, EVP Nicole B. Theophilus sold 4,801 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $154.64, for a total transaction of $742,426.64. Following the completion of the sale, the executive vice president now owns 15,608 shares in the company, valued at $2,413,621.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Westinghouse Air Brake Technologies news, insider Alicia Hammersmith sold 4,169 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $165.54, for a total value of $690,136.26. Following the sale, the insider now owns 5,606 shares in the company, valued at approximately $928,017.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Nicole B. Theophilus sold 4,801 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $154.64, for a total transaction of $742,426.64. Following the transaction, the executive vice president now directly owns 15,608 shares of the company’s stock, valued at approximately $2,413,621.12. The disclosure for this sale can be found here. Insiders have sold a total of 17,392 shares of company stock valued at $2,754,390 over the last ninety days. 1.10% of the stock is currently owned by company insiders.

About Westinghouse Air Brake Technologies

Westinghouse Air Brake Technologies Corporation, together with its subsidiaries, provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It offers diesel-electric, battery, and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products.