Gulf International Bank UK Ltd lessened its holdings in Westinghouse Air Brake Technologies Co. (NYSE:WAB - Free Report) by 71.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,227 shares of the transportation company's stock after selling 35,309 shares during the quarter. Gulf International Bank UK Ltd's holdings in Westinghouse Air Brake Technologies were worth $2,586,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Pinnacle Bancorp Inc. boosted its stake in 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 in the last quarter. Eastern Bank acquired a new stake in Westinghouse Air Brake Technologies in the third quarter valued at about $33,000. Massmutual Trust Co. FSB ADV lifted its position in Westinghouse Air Brake Technologies by 26.2% in the second 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. Dorsey & Whitney Trust CO LLC acquired a new stake in Westinghouse Air Brake Technologies in the first quarter valued at about $204,000. Finally, Bridges Investment Management Inc. acquired a new stake in Westinghouse Air Brake Technologies in the second quarter valued at about $360,000. Institutional investors and hedge funds own 91.69% of the company's stock.
Westinghouse Air Brake Technologies Trading Down 0.8 %
WAB stock traded down $1.68 during midday trading on Thursday, hitting $198.72. The stock had a trading volume of 689,469 shares, compared to its average volume of 1,083,369. The firm has a market cap of $34.16 billion, a PE ratio of 33.40, a price-to-earnings-growth ratio of 1.47 and a beta of 1.27. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.65. Westinghouse Air Brake Technologies Co. has a 12-month low of $108.95 and a 12-month high of $202.18. The company's 50-day moving average price is $180.33 and its 200 day moving average price is $168.47.
Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last released its earnings results on Wednesday, October 23rd. The transportation company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.87 by $0.13. The firm had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.68 billion. Westinghouse Air Brake Technologies had a net margin of 10.25% and a return on equity of 12.52%. Westinghouse Air Brake Technologies's revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.70 EPS. On average, equities research analysts predict that Westinghouse Air Brake Technologies Co. will post 7.58 earnings per share for the current fiscal year.
Westinghouse Air Brake Technologies Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a $0.20 dividend. The ex-dividend date is 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 presently 13.33%.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on WAB. Susquehanna increased their target price on shares of Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the company a "positive" rating in a report on Monday, October 21st. Stephens increased their target price 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. Bank of America increased 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 report on Monday, July 22nd. 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 note on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $171.80.
Read Our Latest Research Report on Westinghouse Air Brake Technologies
Insider Buying and Selling at Westinghouse Air Brake Technologies
In other Westinghouse Air Brake Technologies news, CTO Eric Gebhardt sold 7,422 shares of Westinghouse Air Brake Technologies stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $156.32, for a total value of $1,160,207.04. Following the transaction, the chief technology officer now owns 22,411 shares in the company, valued at $3,503,287.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Albert J. Neupaver sold 35,722 shares of Westinghouse Air Brake Technologies stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $188.70, for a total transaction of $6,740,741.40. Following the transaction, the director now owns 614,447 shares in the company, valued at approximately $115,946,148.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Eric Gebhardt sold 7,422 shares of Westinghouse Air Brake Technologies stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $156.32, for a total transaction of $1,160,207.04. Following the transaction, the chief technology officer now owns 22,411 shares in the company, valued at $3,503,287.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 60,984 shares of company stock worth $11,200,586 in the last quarter. 1.10% of the stock is owned by insiders.
Westinghouse Air Brake Technologies Profile
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Free Report)
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.
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