Westinghouse Air Brake Technologies Co. (NYSE:WAB) Stock Position Reduced by Jackson Square Partners LLC

Jackson Square Partners LLC lowered its position in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB - Free Report) by 16.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 86,014 shares of the transportation company's stock after selling 17,214 shares during the quarter. Jackson Square Partners LLC owned 0.05% of Westinghouse Air Brake Technologies worth $16,307,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in WAB. Garde Capital Inc. purchased a new position in Westinghouse Air Brake Technologies during the third quarter worth about $110,000. Dorsey & Whitney Trust CO LLC purchased a new position in shares of Westinghouse Air Brake Technologies during the 4th quarter worth approximately $204,000. Longboard Asset Management LP acquired a new stake in shares of Westinghouse Air Brake Technologies in the 4th quarter valued at approximately $252,000. Harvest Fund Management Co. Ltd boosted its stake in shares of 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 in the last quarter. Finally, Catalyst Funds Management Pty Ltd boosted its stake in shares of Westinghouse Air Brake Technologies by 200.0% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 1,800 shares of the transportation company's stock valued at $341,000 after buying an additional 1,200 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company's stock.

Wall Street Analysts Forecast Growth

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

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Westinghouse Air Brake Technologies Trading Down 2.9 %

Westinghouse Air Brake Technologies stock traded down $5.40 during midday trading on Friday, reaching $181.52. The stock had a trading volume of 1,276,648 shares, compared to its average volume of 1,116,147. The stock's 50-day simple moving average is $191.63 and its 200 day simple moving average is $191.20. The stock has a market capitalization of $31.01 billion, a PE ratio of 30.10, a price-to-earnings-growth ratio of 1.50 and a beta of 1.31. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.69 and a current ratio of 1.30. Westinghouse Air Brake Technologies Co. has a twelve month low of $143.22 and a twelve month high of $210.88.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last released 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 return on equity of 12.78% and a net margin of 10.17%. Analysts expect that Westinghouse Air Brake Technologies Co. will post 8.54 EPS for the current year.

Westinghouse Air Brake Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, February 21st. This is a positive change from Westinghouse Air Brake Technologies's previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 0.55%. Westinghouse Air Brake Technologies's payout ratio is 16.58%.

Insiders Place Their Bets

In other Westinghouse Air Brake Technologies news, CEO Rafael Santana sold 886 shares of the company's 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 directly owns 176,295 shares of the company's stock, valued at $32,145,630.30. This represents a 0.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.10% of the stock is owned by company 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.