Tredje AP fonden Decreases Position in Westinghouse Air Brake Technologies Co. (NYSE:WAB)

Tredje AP fonden decreased its position in Westinghouse Air Brake Technologies Co. (NYSE:WAB - Free Report) by 35.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,404 shares of the transportation company's stock after selling 20,861 shares during the quarter. Tredje AP fonden's holdings in Westinghouse Air Brake Technologies were worth $7,281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Garde Capital Inc. bought a new stake in shares of Westinghouse Air Brake Technologies in the 3rd quarter worth approximately $110,000. Dorsey & Whitney Trust CO LLC purchased a new position in Westinghouse Air Brake Technologies in the 4th quarter worth $204,000. Camden National Bank bought a new stake in Westinghouse Air Brake Technologies in the third quarter worth $222,000. Longboard Asset Management LP bought a new stake in Westinghouse Air Brake Technologies in the fourth quarter worth $252,000. Finally, Harvest Fund Management Co. Ltd boosted its position in Westinghouse Air Brake Technologies by 10.4% during the third quarter. Harvest Fund Management Co. Ltd now owns 1,820 shares of the transportation company's stock valued at $331,000 after buying an additional 172 shares during the period. Hedge funds and other institutional investors own 91.69% of the company's stock.

Insider Buying and Selling at Westinghouse Air Brake Technologies

In other Westinghouse Air Brake Technologies news, CEO Rafael Santana sold 886 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $182.34, for a total transaction of $161,553.24. Following the completion of the transaction, the chief executive officer now owns 176,295 shares of the company's stock, valued at approximately $32,145,630.30. This trade represents a 0.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.10% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on WAB shares. 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. StockNews.com downgraded Westinghouse Air Brake Technologies from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Finally, Bank of America raised their target price on shares of Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Westinghouse Air Brake Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $206.33.

Westinghouse Air Brake Technologies Trading Down 0.1 %

Shares of WAB traded down $0.12 during mid-day trading on Tuesday, hitting $181.75. 1,105,669 shares of the company's stock traded hands, compared to its average volume of 1,036,832. The company has a quick ratio of 0.69, a current ratio of 1.30 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $31.05 billion, a P/E ratio of 30.14, a PEG ratio of 1.50 and a beta of 1.31. The business's 50-day moving average price is $193.23 and its 200-day moving average price is $190.06. Westinghouse Air Brake Technologies Co. has a 1 year low of $139.82 and a 1 year high of $210.88.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The transportation company reported $1.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.74 by ($0.06). Westinghouse Air Brake Technologies had a net margin of 10.17% and a return on equity of 12.78%. As a group, sell-side analysts forecast that Westinghouse Air Brake Technologies Co. will post 8.54 EPS for the current fiscal year.

Westinghouse Air Brake Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, February 21st. This is a positive change from Westinghouse Air Brake Technologies's previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 0.55%. Westinghouse Air Brake Technologies's dividend payout ratio (DPR) is 16.58%.

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.