iA Global Asset Management Inc. Sells 1,518 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB)

iA Global Asset Management Inc. lowered its stake in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB - Free Report) by 8.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 17,095 shares of the transportation company's stock after selling 1,518 shares during the quarter. iA Global Asset Management Inc.'s holdings in Westinghouse Air Brake Technologies were worth $3,241,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of WAB. Garde Capital Inc. bought a new position in Westinghouse Air Brake Technologies during the third quarter valued at $110,000. Dorsey & Whitney Trust CO LLC bought a new position in Westinghouse Air Brake Technologies during the 4th quarter valued at about $204,000. Camden National Bank bought a new position in Westinghouse Air Brake Technologies during the 3rd quarter valued at about $222,000. Longboard Asset Management LP purchased a new stake in Westinghouse Air Brake Technologies in the 4th quarter worth about $252,000. Finally, Harvest Fund Management Co. Ltd lifted 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 worth $331,000 after purchasing an additional 172 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company's stock.

Insider Transactions at Westinghouse Air Brake Technologies

In related news, CEO Rafael Santana sold 886 shares of the business's stock in a transaction that occurred on 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 of the company's stock, valued at $32,145,630.30. The trade was a 0.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.10% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Bank of America upped their target price on Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. Stephens reaffirmed an "overweight" rating and issued a $220.00 price objective on shares of Westinghouse Air Brake Technologies in a research report on Thursday, February 13th. Finally, StockNews.com downgraded Westinghouse Air Brake Technologies from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $206.33.

Westinghouse Air Brake Technologies Trading Up 0.4 %

WAB traded up $0.79 during trading on Tuesday, hitting $189.65. 758,794 shares of the stock were exchanged, compared to its average volume of 1,045,480. 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 50 day simple moving average of $192.71 and a 200 day simple moving average of $190.73. The firm has a market cap of $32.40 billion, a price-to-earnings ratio of 31.45, a P/E/G ratio of 1.50 and a beta of 1.31. Westinghouse Air Brake Technologies Co. has a 1 year low of $141.85 and a 1 year high of $210.88.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The transportation company reported $1.68 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%. As a group, equities analysts expect that Westinghouse Air Brake Technologies Co. will post 8.54 EPS for the current year.

Westinghouse Air Brake Technologies Increases Dividend

The firm 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. The ex-dividend date was Friday, February 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.53%. This is a positive change from Westinghouse Air Brake Technologies's previous quarterly dividend of $0.20. Westinghouse Air Brake Technologies's payout ratio is currently 16.58%.

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.