Border to Coast Pensions Partnership Ltd Purchases 8,575 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB)

Border to Coast Pensions Partnership Ltd raised its position in Westinghouse Air Brake Technologies Co. (NYSE:WAB - Free Report) by 4.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 201,011 shares of the transportation company's stock after acquiring an additional 8,575 shares during the quarter. Border to Coast Pensions Partnership Ltd owned approximately 0.11% of Westinghouse Air Brake Technologies worth $36,431,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of WAB. Rhumbline Advisers increased its holdings in shares of Westinghouse Air Brake Technologies by 2.1% during the 2nd quarter. Rhumbline Advisers now owns 335,483 shares of the transportation company's stock worth $53,023,000 after acquiring an additional 7,012 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Westinghouse Air Brake Technologies by 107.8% in the first quarter. BNP Paribas Financial Markets now owns 170,248 shares of the transportation company's stock valued at $24,802,000 after purchasing an additional 88,325 shares during the last quarter. Forsta AP Fonden raised its position in shares of Westinghouse Air Brake Technologies by 64.5% in the first quarter. Forsta AP Fonden now owns 53,300 shares of the transportation company's stock valued at $7,765,000 after purchasing an additional 20,900 shares during the period. DNB Asset Management AS lifted its stake in shares of Westinghouse Air Brake Technologies by 3.9% during the 2nd quarter. DNB Asset Management AS now owns 46,343 shares of the transportation company's stock worth $7,325,000 after buying an additional 1,729 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Westinghouse Air Brake Technologies by 12.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 22,357 shares of the transportation company's stock worth $3,534,000 after buying an additional 2,457 shares during the period. Institutional investors own 91.69% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on WAB. Bank of America increased their price target 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. Susquehanna increased their target price on Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the stock a "positive" rating in a research note on Monday. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $166.90.

Westinghouse Air Brake Technologies Price Performance

NYSE:WAB traded down $1.18 during trading hours on Monday, reaching $189.97. 1,031,652 shares of the company were exchanged, compared to its average volume of 1,084,259. The business has a 50 day moving average of $172.75 and a 200 day moving average of $164.65. Westinghouse Air Brake Technologies Co. has a 1-year low of $98.70 and a 1-year high of $192.48. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.38 and a quick ratio of 0.73. The company has a market capitalization of $33.28 billion, a P/E ratio of 33.42, a P/E/G ratio of 1.59 and a beta of 1.27.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last released its earnings results on Wednesday, July 24th. The transportation company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.08. Westinghouse Air Brake Technologies had a return on equity of 12.05% and a net margin of 9.94%. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same period in the prior year, the firm posted $1.41 EPS. Westinghouse Air Brake Technologies's quarterly revenue was up 9.8% on a year-over-year basis. Research analysts forecast that Westinghouse Air Brake Technologies Co. will post 7.46 EPS for the current year.

Westinghouse Air Brake Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date is Wednesday, November 13th. Westinghouse Air Brake Technologies's dividend payout ratio (DPR) is presently 14.04%.

Insider Buying and Selling

In other Westinghouse Air Brake Technologies news, EVP Nicole B. Theophilus sold 4,801 shares of the business's stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $154.64, for a total transaction of $742,426.64. Following the completion of the transaction, the executive vice president now directly owns 15,608 shares in the company, valued at $2,413,621.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Westinghouse Air Brake Technologies news, EVP Nicole B. Theophilus sold 4,801 shares of the business's stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $154.64, for a total transaction of $742,426.64. Following the completion of the transaction, the executive vice president now owns 15,608 shares of the company's stock, valued at approximately $2,413,621.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alicia Hammersmith sold 4,169 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $165.54, for a total transaction of $690,136.26. Following the completion of the transaction, the insider now directly owns 5,606 shares of the company's stock, valued at $928,017.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,392 shares of company stock worth $2,754,390. Corporate insiders own 1.10% of the company's stock.

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.