UMB Bank n.a. Sells 4,438 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB)

UMB Bank n.a. decreased its position in Westinghouse Air Brake Technologies Co. (NYSE:WAB - Free Report) by 90.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 472 shares of the transportation company's stock after selling 4,438 shares during the quarter. UMB Bank n.a.'s holdings in Westinghouse Air Brake Technologies were worth $89,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Lord Abbett & CO. LLC bought a new position in Westinghouse Air Brake Technologies during the 3rd quarter valued at approximately $24,630,000. Garde Capital Inc. bought a new stake in shares of Westinghouse Air Brake Technologies in the 3rd quarter worth $110,000. Wilmington Savings Fund Society FSB bought a new position in shares of Westinghouse Air Brake Technologies during the third quarter valued at $386,000. iA Global Asset Management Inc. boosted its position in shares of Westinghouse Air Brake Technologies by 21.5% during the third quarter. iA Global Asset Management Inc. now owns 18,613 shares of the transportation company's stock valued at $3,383,000 after buying an additional 3,288 shares during the last quarter. Finally, Erste Asset Management GmbH bought a new stake in Westinghouse Air Brake Technologies in the 3rd quarter worth about $61,474,000. Institutional investors own 91.69% of the company's stock.

Insider Activity

In related news, CAO John A. Mastalerz, Jr. sold 2,796 shares of Westinghouse Air Brake Technologies stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $199.71, for a total transaction of $558,389.16. Following the sale, the chief accounting officer now owns 5,683 shares of the company's stock, valued at approximately $1,134,951.93. This trade represents a 32.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Albert J. Neupaver sold 35,722 shares of the company's stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $188.70, for a total value of $6,740,741.40. Following the completion of the transaction, the director now owns 614,447 shares of the company's stock, valued at $115,946,148.90. The trade was a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 39,393 shares of company stock worth $7,464,243 over the last ninety days. Corporate insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on WAB shares. KeyCorp upped their target price on shares of Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. The Goldman Sachs Group raised 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 increased 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 lifted 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. Finally, Susquehanna raised their target price on Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the stock a "positive" rating in a research report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and five have assigned 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 an average target price of $188.50.

Westinghouse Air Brake Technologies Price Performance

NYSE:WAB traded down $0.07 during trading hours on Friday, hitting $208.93. 532,088 shares of the stock traded hands, compared to its average volume of 916,870. The company has a market cap of $35.91 billion, a price-to-earnings ratio of 34.82, a price-to-earnings-growth ratio of 1.33 and a beta of 1.27. Westinghouse Air Brake Technologies Co. has a 1 year low of $129.23 and a 1 year high of $209.92. The stock has a 50 day moving average price of $197.17 and a 200 day moving average price of $181.69. 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 released its earnings results on Wednesday, October 23rd. The transportation company reported $2.00 earnings per share for the quarter, beating analysts' consensus estimates of $1.87 by $0.13. Westinghouse Air Brake Technologies had a net margin of 10.25% and a return on equity of 12.52%. The company had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $2.68 billion. During the same quarter in the previous year, the company earned $1.70 EPS. Westinghouse Air Brake Technologies's revenue for the quarter was up 4.4% on a year-over-year basis. Sell-side analysts forecast that Westinghouse Air Brake Technologies Co. will post 7.6 EPS for the current fiscal year.

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.