New York State Common Retirement Fund Has $23.24 Million Holdings in Westinghouse Air Brake Technologies Co. (NYSE:WAB)

New York State Common Retirement Fund lowered its holdings in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,563 shares of the transportation company's stock after selling 6,468 shares during the quarter. New York State Common Retirement Fund owned 0.07% of Westinghouse Air Brake Technologies worth $23,237,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Bridges Investment Management Inc. raised its position in shares of Westinghouse Air Brake Technologies by 3.4% during the third quarter. Bridges Investment Management Inc. now owns 2,357 shares of the transportation company's stock worth $428,000 after purchasing an additional 77 shares during the period. Greenleaf Trust raised its position in shares of Westinghouse Air Brake Technologies by 2.9% during the fourth quarter. Greenleaf Trust now owns 3,344 shares of the transportation company's stock worth $634,000 after purchasing an additional 94 shares during the period. Harvest Fund Management Co. Ltd raised its position in shares of Westinghouse Air Brake Technologies by 10.4% during 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 period. Eastern Bank acquired a new stake in shares of Westinghouse Air Brake Technologies during the third quarter worth about $33,000. Finally, Nisa Investment Advisors LLC raised its position in Westinghouse Air Brake Technologies by 2.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 20,459 shares of the transportation company's stock valued at $3,879,000 after buying an additional 532 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on WAB shares. Bank of America boosted 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. KeyCorp boosted their target price on Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the company an "overweight" rating in a research note 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 research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $206.33.

Westinghouse Air Brake Technologies Stock Down 4.0 %

Shares of NYSE:WAB traded down $7.71 during trading on Friday, hitting $184.40. 1,381,609 shares of the company were exchanged, compared to its average volume of 1,143,456. The stock has a market cap of $31.50 billion, a price-to-earnings ratio of 30.58, a P/E/G ratio of 1.50 and a beta of 1.27. Westinghouse Air Brake Technologies Co. has a fifty-two week low of $135.86 and a fifty-two week high of $210.88. The firm has a fifty day moving average price of $197.36 and a two-hundred day moving average price of $187.43. The company has a current ratio of 1.30, a quick ratio of 0.69 and a debt-to-equity ratio of 0.34.

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

Westinghouse Air Brake Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be given 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 13.27%.

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.