BNP Paribas Financial Markets Purchases 13,683 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB)

BNP Paribas Financial Markets lifted its position in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB - Free Report) by 5.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 278,729 shares of the transportation company's stock after buying an additional 13,683 shares during the period. BNP Paribas Financial Markets owned about 0.16% of Westinghouse Air Brake Technologies worth $50,665,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Pinnacle Bancorp Inc. increased its position in shares of Westinghouse Air Brake Technologies by 55.0% in the third quarter. Pinnacle Bancorp Inc. now owns 155 shares of the transportation company's stock valued at $28,000 after acquiring an additional 55 shares during the last quarter. Eastern Bank bought a new position in shares of Westinghouse Air Brake Technologies in the 3rd quarter valued at about $33,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of 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 valued at $90,000 after purchasing an additional 118 shares during the period. Camden National Bank acquired a new stake in Westinghouse Air Brake Technologies in the 3rd quarter valued at about $222,000. Finally, Harvest Fund Management Co. Ltd raised its stake in Westinghouse Air Brake Technologies by 10.4% in the third quarter. Harvest Fund Management Co. Ltd now owns 1,820 shares of the transportation company's stock valued at $331,000 after buying an additional 172 shares during the period. 91.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WAB has been the topic of a number of recent analyst reports. Susquehanna boosted their target price on Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the stock a "positive" rating in a report on Monday, October 21st. Stephens upped their price objective on shares of Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. KeyCorp increased their price objective on shares of Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, November 13th. Finally, The Goldman Sachs Group raised their price objective on shares of Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the stock a "neutral" rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $175.30.

Westinghouse Air Brake Technologies Price Performance

WAB stock traded up $0.58 during mid-day trading on Friday, hitting $200.62. The stock had a trading volume of 720,296 shares, compared to its average volume of 1,061,555. The firm has a fifty day simple moving average of $190.15 and a 200 day simple moving average of $172.52. Westinghouse Air Brake Technologies Co. has a 52 week low of $114.45 and a 52 week high of $203.04. The company has a current ratio of 1.30, a quick ratio of 0.65 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $34.48 billion, a P/E ratio of 33.34, a P/E/G ratio of 1.45 and a beta of 1.27.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.87 by $0.13. Westinghouse Air Brake Technologies had a net margin of 10.25% and a return on equity of 12.52%. The business had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.68 billion. During the same period in the previous year, the business earned $1.70 earnings per share. The company's revenue was up 4.4% on a year-over-year basis. As a group, research analysts forecast that Westinghouse Air Brake Technologies Co. will post 7.61 EPS for the current year.

Westinghouse Air Brake Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a $0.20 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.40%. Westinghouse Air Brake Technologies's dividend payout ratio (DPR) is currently 13.33%.

Insider Activity

In related news, CAO John A. Mastalerz, Jr. sold 2,796 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $199.71, for a total value of $558,389.16. Following the completion of the transaction, the chief accounting officer now owns 5,683 shares in the company, valued at $1,134,951.93. This trade represents a 32.98 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Albert J. Neupaver sold 35,722 shares of the business's stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $188.70, for a total transaction of $6,740,741.40. Following the sale, the director now directly owns 614,447 shares in the company, valued at $115,946,148.90. The trade was a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,393 shares of company stock worth $9,350,243. Corporate insiders own 1.10% of the company's stock.

Westinghouse Air Brake Technologies Company 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.