Westinghouse Air Brake Technologies Co. (NYSE:WAB) Shares Purchased by Cibc World Markets Corp

Cibc World Markets Corp raised its position in Westinghouse Air Brake Technologies Co. (NYSE:WAB - Free Report) by 14.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,266 shares of the transportation company's stock after acquiring an additional 3,441 shares during the quarter. Cibc World Markets Corp's holdings in Westinghouse Air Brake Technologies were worth $5,169,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Erste Asset Management GmbH purchased a new stake in shares of Westinghouse Air Brake Technologies during the 3rd quarter worth approximately $61,474,000. Lord Abbett & CO. LLC purchased a new stake in shares of Westinghouse Air Brake Technologies during the 3rd quarter worth approximately $24,630,000. AGF Management Ltd. purchased a new stake in shares of Westinghouse Air Brake Technologies during the 4th quarter worth approximately $10,566,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Westinghouse Air Brake Technologies during the 3rd quarter worth approximately $7,128,000. Finally, Twin Tree Management LP lifted its position in shares of Westinghouse Air Brake Technologies by 108.8% during the 4th quarter. Twin Tree Management LP now owns 2,960 shares of the transportation company's stock worth $561,000 after buying an additional 36,435 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company's stock.

Westinghouse Air Brake Technologies Stock Performance

WAB traded down $0.54 during trading on Friday, hitting $184.88. The stock had a trading volume of 2,908,864 shares, compared to its average volume of 1,046,399. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.69 and a current ratio of 1.30. The firm has a market capitalization of $31.59 billion, a P/E ratio of 30.66, a PEG ratio of 1.50 and a beta of 1.31. The company's 50-day moving average price is $192.77 and its 200 day moving average price is $190.37. Westinghouse Air Brake Technologies Co. has a twelve month low of $141.85 and a twelve month high of $210.88.

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

Westinghouse Air Brake Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend was Friday, February 21st. This is an increase from Westinghouse Air Brake Technologies's previous quarterly dividend of $0.20. Westinghouse Air Brake Technologies's dividend payout ratio (DPR) is currently 16.58%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Bank of America lifted their target price on shares of Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. Stephens reaffirmed 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, StockNews.com cut shares of Westinghouse Air Brake Technologies from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Westinghouse Air Brake Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $206.33.

Insider Activity

In other news, CEO Rafael Santana sold 886 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $182.34, for a total value of $161,553.24. Following the completion of the transaction, the chief executive officer now owns 176,295 shares in the company, valued at $32,145,630.30. This trade represents a 0.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.10% of the company's stock.

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.