Pacer Advisors Inc. grew its position in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB - Free Report) by 88.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,811 shares of the transportation company's stock after buying an additional 14,959 shares during the quarter. Pacer Advisors Inc.'s holdings in Westinghouse Air Brake Technologies were worth $6,031,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently modified their holdings of the business. Pinnacle Bancorp Inc. grew its position in shares of Westinghouse Air Brake Technologies by 55.0% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 155 shares of the transportation company's stock valued at $28,000 after acquiring an additional 55 shares during the period. Bridges Investment Management Inc. increased its position 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 buying an additional 77 shares in the last quarter. Harvest Fund Management Co. Ltd raised its stake in shares of Westinghouse Air Brake Technologies by 10.4% in the third quarter. Harvest Fund Management Co. Ltd now owns 1,820 shares of the transportation company's stock worth $331,000 after buying an additional 172 shares during the period. Eastern Bank purchased a new position in shares of Westinghouse Air Brake Technologies during the 3rd quarter valued at about $33,000. Finally, UMB Bank n.a. grew its stake in shares of Westinghouse Air Brake Technologies by 4.4% during the 3rd quarter. UMB Bank n.a. now owns 4,910 shares of the transportation company's stock valued at $892,000 after acquiring an additional 209 shares during the period. Hedge funds and other institutional investors own 91.69% of the company's stock.
Insider Buying and Selling
In other news, CAO John A. Mastalerz, Jr. sold 2,796 shares of Westinghouse Air Brake Technologies stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $199.71, for a total value of $558,389.16. Following the completion of the transaction, the chief accounting officer now owns 5,683 shares in the company, valued at approximately $1,134,951.93. This trade represents a 32.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by corporate insiders.
Westinghouse Air Brake Technologies Trading Up 1.5 %
Westinghouse Air Brake Technologies stock traded up $3.14 during midday trading on Thursday, hitting $209.95. 547,211 shares of the stock were exchanged, compared to its average volume of 896,668. The company has a current ratio of 1.30, a quick ratio of 0.65 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $36.09 billion, a price-to-earnings ratio of 34.99, a PEG ratio of 1.33 and a beta of 1.27. The stock's 50-day simple moving average is $198.05 and its 200 day simple moving average is $183.14. Westinghouse Air Brake Technologies Co. has a fifty-two week low of $131.31 and a fifty-two week high of $210.88.
Analyst Ratings Changes
Several brokerages have weighed in on WAB. Susquehanna lifted their price target on shares of Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the company a "positive" rating in a report on Monday, October 21st. The Goldman Sachs Group upped their target price on shares of Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the stock a "neutral" rating in a report on Thursday, October 24th. Stephens raised their price target on Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. Bank of America increased their target price on Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. Finally, KeyCorp boosted their price target on Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Westinghouse Air Brake Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $188.50.
View Our Latest Research Report on Westinghouse Air Brake Technologies
About Westinghouse Air Brake Technologies
(
Free Report)
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.
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