New York State Common Retirement Fund Sells 9,524 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB)

New York State Common Retirement Fund lowered its position in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB - Free Report) by 6.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 129,031 shares of the transportation company's stock after selling 9,524 shares during the period. New York State Common Retirement Fund owned 0.08% of Westinghouse Air Brake Technologies worth $23,454,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Pinnacle Bancorp Inc. increased its stake in shares of Westinghouse Air Brake Technologies by 55.0% during the third quarter. Pinnacle Bancorp Inc. now owns 155 shares of the transportation company's stock worth $28,000 after purchasing an additional 55 shares during the period. Eastern Bank bought a new position in Westinghouse Air Brake Technologies during the 3rd quarter worth $33,000. Massmutual Trust Co. FSB ADV increased its stake in Westinghouse Air Brake Technologies by 26.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the transportation company's stock worth $90,000 after acquiring an additional 118 shares during the period. Dorsey & Whitney Trust CO LLC bought a new position in Westinghouse Air Brake Technologies during the 1st quarter worth $204,000. Finally, Bridges Investment Management Inc. bought a new position in Westinghouse Air Brake Technologies during the 2nd quarter worth $360,000. Institutional investors own 91.69% of the company's stock.

Insiders Place Their Bets

In other news, EVP Nicole B. Theophilus sold 4,801 shares of Westinghouse Air Brake Technologies stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $154.64, for a total value of $742,426.64. Following the completion of the transaction, the executive vice president now directly owns 15,608 shares of the company's stock, valued at approximately $2,413,621.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Nicole B. Theophilus sold 4,801 shares of Westinghouse Air Brake Technologies stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $154.64, for a total value of $742,426.64. Following the completion of the transaction, the executive vice president now directly owns 15,608 shares of the company's stock, valued at approximately $2,413,621.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Eric Gebhardt sold 7,422 shares of Westinghouse Air Brake Technologies stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $156.32, for a total value of $1,160,207.04. Following the completion of the transaction, the chief technology officer now directly owns 22,411 shares of the company's stock, valued at approximately $3,503,287.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 62,989 shares of company stock valued at $11,384,624. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

WAB has been the topic of a number of recent research reports. Stephens raised their price objective on Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. Susquehanna raised their price objective on Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the stock a "positive" rating in a research note on Monday, October 21st. The Goldman Sachs Group raised their price objective on Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the stock a "neutral" rating in a research note on Thursday, October 24th. Finally, 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 report on Monday, July 22nd. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $171.80.

Westinghouse Air Brake Technologies Trading Up 1.0 %

WAB traded up $1.96 during midday trading on Monday, hitting $188.80. 680,112 shares of the company were exchanged, compared to its average volume of 1,082,831. The firm has a market capitalization of $32.45 billion, a P/E ratio of 31.47, a P/E/G ratio of 1.46 and a beta of 1.27. Westinghouse Air Brake Technologies Co. has a 1-year low of $108.68 and a 1-year high of $192.48. The firm's 50 day moving average price is $178.60 and its 200-day moving average price is $167.59. The company has a quick ratio of 0.65, a current ratio of 1.30 and a debt-to-equity ratio of 0.34.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The transportation company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.87 by $0.13. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.68 billion. Westinghouse Air Brake Technologies had a return on equity of 12.52% and a net margin of 10.25%. The business's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.70 EPS. As a group, equities analysts forecast that Westinghouse Air Brake Technologies Co. will post 7.58 EPS for the current fiscal year.

Westinghouse Air Brake Technologies Announces Dividend

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

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.