WASHINGTON TRUST Co Sells 3,833 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB)

WASHINGTON TRUST Co cut its position in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB - Free Report) by 2.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 144,275 shares of the transportation company's stock after selling 3,833 shares during the period. Westinghouse Air Brake Technologies makes up 0.9% of WASHINGTON TRUST Co's holdings, making the stock its 24th biggest holding. WASHINGTON TRUST Co owned 0.08% of Westinghouse Air Brake Technologies worth $26,225,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in WAB. Forsta AP Fonden boosted its stake in shares of Westinghouse Air Brake Technologies by 64.5% during the first quarter. Forsta AP Fonden now owns 53,300 shares of the transportation company's stock worth $7,765,000 after buying an additional 20,900 shares during the period. BNP Paribas Financial Markets increased its holdings in Westinghouse Air Brake Technologies by 107.8% during the 1st quarter. BNP Paribas Financial Markets now owns 170,248 shares of the transportation company's stock valued at $24,802,000 after acquiring an additional 88,325 shares in the last quarter. Border to Coast Pensions Partnership Ltd lifted its position in shares of Westinghouse Air Brake Technologies by 4.5% in the third quarter. Border to Coast Pensions Partnership Ltd now owns 201,011 shares of the transportation company's stock valued at $36,431,000 after acquiring an additional 8,575 shares in the last quarter. Rhumbline Advisers raised its holdings in Westinghouse Air Brake Technologies by 2.1% in the 2nd quarter. Rhumbline Advisers now owns 335,483 shares of the transportation company's stock valued at $53,023,000 after acquiring an additional 7,012 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in Westinghouse Air Brake Technologies by 12.3% in the second quarter. Nisa Investment Advisors LLC now owns 22,357 shares of the transportation company's stock valued at $3,534,000 after purchasing an additional 2,457 shares during the period. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Westinghouse Air Brake Technologies news, VP David L. Deninno sold 10,000 shares of the company's stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $188.60, for a total transaction of $1,886,000.00. Following the sale, the vice president now owns 55,352 shares of the company's stock, valued at approximately $10,439,387.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, VP David L. Deninno sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $188.60, for a total transaction of $1,886,000.00. Following the transaction, the vice president now directly owns 55,352 shares of the company's stock, valued at approximately $10,439,387.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alicia Hammersmith sold 4,169 shares of the business's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $165.54, for a total value of $690,136.26. Following the sale, the insider now owns 5,606 shares of the company's stock, valued at approximately $928,017.24. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,392 shares of company stock valued at $4,478,770 in the last ninety days. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on WAB shares. Stephens lifted their price objective on Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the stock an "overweight" rating in a report on Thursday, October 24th. Bank of America raised their target price on Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the company a "buy" rating in a research note on Monday, July 22nd. The Goldman Sachs Group boosted their price target on shares of Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the company a "neutral" rating in a report on Thursday, October 24th. Finally, Susquehanna lifted their price objective on Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the company a "positive" rating in a research report on Monday, October 21st. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $171.80.

Westinghouse Air Brake Technologies Price Performance

Westinghouse Air Brake Technologies stock traded down $0.71 during mid-day trading on Wednesday, reaching $189.38. The company had a trading volume of 884,088 shares, compared to its average volume of 1,087,116. The business has a fifty day simple moving average of $177.14 and a 200 day simple moving average of $166.68. The company has a market cap of $32.55 billion, a P/E ratio of 31.56, a P/E/G ratio of 1.48 and a beta of 1.27. The company has a current ratio of 1.30, a quick ratio of 0.65 and a debt-to-equity ratio of 0.34. Westinghouse Air Brake Technologies Co. has a fifty-two week low of $104.45 and a fifty-two week high of $192.48.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $2.00 earnings per share for the quarter, topping analysts' consensus estimates of $1.87 by $0.13. Westinghouse Air Brake Technologies had a return on equity of 12.52% and a net margin of 10.25%. The business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same quarter in the previous year, the company posted $1.70 EPS. Westinghouse Air Brake Technologies's quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts predict that Westinghouse Air Brake Technologies Co. will post 7.53 earnings per share for the current year.

Westinghouse Air Brake Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.80 annualized dividend and a yield of 0.42%. Westinghouse Air Brake Technologies's dividend payout ratio is presently 13.33%.

Westinghouse Air Brake Technologies 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.