Rhumbline Advisers Trims Stock Holdings in Westinghouse Air Brake Technologies Co. (NYSE:WAB)

Rhumbline Advisers lowered its position in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 304,418 shares of the transportation company's stock after selling 9,928 shares during the period. Rhumbline Advisers owned 0.18% of Westinghouse Air Brake Technologies worth $57,714,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Erste Asset Management GmbH purchased a new stake in shares of Westinghouse Air Brake Technologies in the 3rd quarter valued at about $61,474,000. Lord Abbett & CO. LLC bought a new position in shares of Westinghouse Air Brake Technologies in the third quarter worth approximately $24,630,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Westinghouse Air Brake Technologies in the third quarter valued at approximately $7,128,000. Pacer Advisors Inc. raised its stake in Westinghouse Air Brake Technologies by 88.8% in the fourth quarter. Pacer Advisors Inc. now owns 31,811 shares of the transportation company's stock valued at $6,031,000 after purchasing an additional 14,959 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Westinghouse Air Brake Technologies by 5.2% during the third quarter. BNP Paribas Financial Markets now owns 278,729 shares of the transportation company's stock valued at $50,665,000 after purchasing an additional 13,683 shares during the last quarter. Institutional investors own 91.69% of the company's stock.

Analyst Upgrades and Downgrades

WAB has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their price target 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 reissued 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. KeyCorp lifted their price target on Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 13th. Finally, Bank of America upped their price objective on Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $206.33.

Westinghouse Air Brake Technologies Trading Down 0.5 %

Westinghouse Air Brake Technologies stock traded down $1.03 during mid-day trading on Thursday, hitting $192.29. The company's stock had a trading volume of 1,153,563 shares, compared to its average volume of 1,100,084. The business has a 50 day moving average price of $197.86 and a 200-day moving average price of $187.16. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.69. Westinghouse Air Brake Technologies Co. has a 12 month low of $134.66 and a 12 month high of $210.88. The stock has a market cap of $32.85 billion, a price-to-earnings ratio of 31.89, a price-to-earnings-growth ratio of 1.46 and a beta of 1.27.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The transportation company reported $1.68 EPS 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, analysts forecast that Westinghouse Air Brake Technologies Co. will post 8.56 EPS for the current year.

Westinghouse Air Brake Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Friday, February 21st. This is a positive change from Westinghouse Air Brake Technologies's previous quarterly dividend of $0.20. Westinghouse Air Brake Technologies's dividend payout ratio (DPR) is 13.27%.

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.