Erste Asset Management GmbH Acquires Shares of 337,311 Westinghouse Air Brake Technologies Co. (NYSE:WAB)

Erste Asset Management GmbH purchased a new position in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 337,311 shares of the transportation company's stock, valued at approximately $61,474,000. Erste Asset Management GmbH owned about 0.20% of Westinghouse Air Brake Technologies as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Pinnacle Bancorp Inc. raised its stake 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 buying an additional 55 shares during the period. Eastern Bank purchased a new stake in Westinghouse Air Brake Technologies during the third quarter valued at about $33,000. Massmutual Trust Co. FSB ADV boosted its position in Westinghouse Air Brake Technologies by 26.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the transportation company's stock worth $90,000 after purchasing an additional 118 shares during the period. Camden National Bank purchased a new position in shares of Westinghouse Air Brake Technologies in the third quarter worth about $222,000. Finally, Harvest Fund Management Co. Ltd lifted its stake in shares of Westinghouse Air Brake Technologies by 10.4% during the 3rd 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 in the last quarter. Institutional investors own 91.69% of the company's stock.

Westinghouse Air Brake Technologies Price Performance

Westinghouse Air Brake Technologies stock traded up $0.58 during mid-day trading on Friday, hitting $200.62. 720,997 shares of the company traded hands, compared to its average volume of 765,415. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.65 and a current ratio of 1.30. Westinghouse Air Brake Technologies Co. has a one year low of $114.45 and a one year high of $203.04. The stock has a market cap of $34.48 billion, a price-to-earnings ratio of 33.44, a price-to-earnings-growth ratio of 1.45 and a beta of 1.27. The stock has a fifty day moving average price of $190.58 and a 200-day moving average price of $172.83.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $2.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company 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 firm posted $1.70 EPS. The firm's revenue was up 4.4% compared to the same quarter last year. On average, equities analysts predict that Westinghouse Air Brake Technologies Co. will post 7.61 earnings per share for the current fiscal year.

Westinghouse Air Brake Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, November 13th. This represents a $0.80 annualized dividend and a dividend yield of 0.40%. Westinghouse Air Brake Technologies's dividend payout ratio (DPR) is presently 13.33%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WAB. KeyCorp increased their target price on Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 13th. Susquehanna raised their target price on Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the stock a "positive" rating in a research note on Monday, October 21st. The Goldman Sachs Group upped their price target on Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the company a "neutral" rating in a research report on Thursday, October 24th. Finally, Stephens raised 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 research report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Westinghouse Air Brake Technologies presently has an average rating of "Moderate Buy" and an average price target of $175.30.

Insider Buying and Selling

In related news, VP David L. Deninno sold 10,000 shares of Westinghouse Air Brake Technologies stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $188.60, for a total value of $1,886,000.00. Following the transaction, the vice president now directly owns 55,352 shares of the company's stock, valued at $10,439,387.20. The trade was a 15.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO John A. Mastalerz, Jr. sold 2,796 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $199.71, for a total transaction of $558,389.16. Following the sale, the chief accounting officer now directly owns 5,683 shares of the company's stock, valued at $1,134,951.93. The trade was a 32.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,393 shares of company stock worth $9,350,243 in the last quarter. 1.10% of the stock is owned by 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.