22,745 Shares in Westinghouse Air Brake Technologies Co. (NYSE:WAB) Purchased by Longbow Finance SA

Longbow Finance SA bought a new stake in Westinghouse Air Brake Technologies Co. (NYSE:WAB - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 22,745 shares of the transportation company's stock, valued at approximately $4,312,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WAB. Forsta AP Fonden boosted its stake in shares of Westinghouse Air Brake Technologies by 4.3% in the 3rd quarter. Forsta AP Fonden now owns 50,600 shares of the transportation company's stock valued at $9,198,000 after buying an additional 2,100 shares during the period. Bridges Investment Management Inc. lifted its stake in Westinghouse Air Brake Technologies by 3.4% in the third quarter. Bridges Investment Management Inc. now owns 2,357 shares of the transportation company's stock worth $428,000 after acquiring an additional 77 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Westinghouse Air Brake Technologies in the third quarter worth approximately $7,128,000. Camden National Bank acquired a new position in Westinghouse Air Brake Technologies during the 3rd quarter worth approximately $222,000. Finally, Harvest Fund Management Co. Ltd increased its position in shares of Westinghouse Air Brake Technologies by 10.4% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,820 shares of the transportation company's stock valued at $331,000 after purchasing an additional 172 shares during the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Westinghouse Air Brake Technologies

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WAB. Bank of America boosted their target price on Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. KeyCorp raised their price objective on shares of Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. Finally, Stephens restated an "overweight" rating and issued a $220.00 target price on shares of Westinghouse Air Brake Technologies in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $206.33.

Westinghouse Air Brake Technologies Price Performance

WAB traded up $4.12 during midday trading on Friday, reaching $185.31. 1,676,342 shares of the company's stock were exchanged, compared to its average volume of 1,175,563. Westinghouse Air Brake Technologies Co. has a 1-year low of $139.12 and a 1-year high of $210.88. The stock has a market capitalization of $31.66 billion, a PE ratio of 30.73, a P/E/G ratio of 1.50 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 0.69. The business's 50-day moving average price is $196.17 and its 200 day moving average price is $188.43.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The transportation company reported $1.68 EPS for the quarter, missing analysts' consensus estimates 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 anticipate that Westinghouse Air Brake Technologies Co. will post 8.54 EPS for the current fiscal year.

Westinghouse Air Brake Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be issued a dividend of $0.25 per share. This is a positive change from Westinghouse Air Brake Technologies's previous quarterly dividend of $0.20. The ex-dividend date is Friday, February 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.54%. Westinghouse Air Brake Technologies's payout ratio is presently 16.58%.

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.