Applied Finance Capital Management LLC Sells 2,112 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB)

Applied Finance Capital Management LLC decreased its position in Westinghouse Air Brake Technologies Co. (NYSE:WAB - Free Report) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 231,355 shares of the transportation company's stock after selling 2,112 shares during the quarter. Westinghouse Air Brake Technologies comprises approximately 1.9% of Applied Finance Capital Management LLC's investment portfolio, making the stock its 24th biggest position. Applied Finance Capital Management LLC owned about 0.13% of Westinghouse Air Brake Technologies worth $43,863,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Lord Abbett & CO. LLC acquired a new stake in Westinghouse Air Brake Technologies in the 3rd quarter worth about $24,630,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Westinghouse Air Brake Technologies in the fourth quarter valued at approximately $22,509,000. AGF Management Ltd. bought a new stake in shares of Westinghouse Air Brake Technologies in the fourth quarter valued at approximately $10,566,000. DnB Asset Management AS boosted its stake in shares of Westinghouse Air Brake Technologies by 0.9% in the fourth quarter. DnB Asset Management AS now owns 48,101 shares of the transportation company's stock valued at $9,119,000 after buying an additional 414 shares during the period. Finally, Pacer Advisors Inc. increased its stake in Westinghouse Air Brake Technologies by 88.8% during the 4th quarter. Pacer Advisors Inc. now owns 31,811 shares of the transportation company's stock worth $6,031,000 after acquiring an additional 14,959 shares during the period. Institutional investors own 91.69% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. StockNews.com downgraded Westinghouse Air Brake Technologies from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Bank of America upped their price objective on shares of Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. Stephens reissued an "overweight" rating and issued a $220.00 target price on shares of Westinghouse Air Brake Technologies in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Westinghouse Air Brake Technologies in a report on Thursday. They set a "neutral" rating and a $175.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $201.86.

Insider Activity at Westinghouse Air Brake Technologies

In other Westinghouse Air Brake Technologies news, CEO Rafael Santana sold 886 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $185.07, for a total value of $163,972.02. Following the completion of the transaction, the chief executive officer now directly owns 201,558 shares in the company, valued at approximately $37,302,339.06. This trade represents a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by company insiders.

Westinghouse Air Brake Technologies Price Performance

NYSE WAB traded up $3.27 during trading on Friday, hitting $171.94. 862,928 shares of the company's stock were exchanged, compared to its average volume of 1,123,873. The company has a market cap of $29.39 billion, a PE ratio of 28.51, a P/E/G ratio of 1.50 and a beta of 1.14. The company has a current ratio of 1.30, a quick ratio of 0.69 and a debt-to-equity ratio of 0.34. Westinghouse Air Brake Technologies Co. has a fifty-two week low of $143.22 and a fifty-two week high of $210.88. The stock's 50 day moving average price is $183.29 and its two-hundred day moving average price is $190.92.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The transportation company reported $1.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.74 by ($0.06). Westinghouse Air Brake Technologies had a return on equity of 12.78% and a net margin of 10.17%. Research analysts expect that Westinghouse Air Brake Technologies Co. will post 8.54 EPS for the current year.

Westinghouse Air Brake Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.58%. This is a boost from Westinghouse Air Brake Technologies's previous quarterly dividend of $0.20. The ex-dividend date was Friday, February 21st. Westinghouse Air Brake Technologies's dividend payout ratio is presently 16.58%.

Westinghouse Air Brake Technologies Profile

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.