Westinghouse Air Brake Technologies Co. (NYSE:WAB) Shares Sold by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC trimmed its position in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 89,829 shares of the transportation company's stock after selling 1,768 shares during the quarter. United Capital Financial Advisors LLC owned about 0.05% of Westinghouse Air Brake Technologies worth $17,031,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Twin Capital Management Inc. increased its position in Westinghouse Air Brake Technologies by 4.3% during the 4th quarter. Twin Capital Management Inc. now owns 15,832 shares of the transportation company's stock valued at $3,002,000 after buying an additional 647 shares in the last quarter. DnB Asset Management AS increased its holdings in shares of Westinghouse Air Brake Technologies by 0.9% during the fourth quarter. DnB Asset Management AS now owns 48,101 shares of the transportation company's stock valued at $9,119,000 after acquiring an additional 414 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Westinghouse Air Brake Technologies in the 4th quarter valued at approximately $22,509,000. Hillsdale Investment Management Inc. boosted its stake in Westinghouse Air Brake Technologies by 3.8% in the 4th quarter. Hillsdale Investment Management Inc. now owns 5,400 shares of the transportation company's stock worth $1,024,000 after purchasing an additional 200 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd grew its position in Westinghouse Air Brake Technologies by 114.7% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 3,907 shares of the transportation company's stock worth $741,000 after purchasing an additional 2,087 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Rafael Santana sold 886 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $185.07, for a total value of $163,972.02. Following the completion of the sale, the chief executive officer now owns 201,558 shares of the company's stock, valued at approximately $37,302,339.06. The trade was a 0.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Bank of America lifted their price objective on shares of Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. JPMorgan Chase & Co. initiated coverage on Westinghouse Air Brake Technologies in a report on Thursday, April 10th. They issued a "neutral" rating and a $175.00 price objective on the stock. StockNews.com downgraded Westinghouse Air Brake Technologies from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. Finally, Stephens reiterated an "overweight" rating and issued a $220.00 price target on shares of Westinghouse Air Brake Technologies in a report on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $201.86.

Westinghouse Air Brake Technologies Stock Performance

WAB stock traded up $1.34 during trading on Friday, hitting $171.05. 927,151 shares of the company traded hands, compared to its average volume of 1,122,287. Westinghouse Air Brake Technologies Co. has a 1 year low of $143.22 and a 1 year high of $210.88. The company has a market cap of $29.24 billion, a PE ratio of 28.37, a P/E/G ratio of 1.50 and a beta of 1.14. The stock's 50-day simple moving average is $179.68 and its 200 day simple moving average is $190.44. 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 (NYSE:WAB - Get Free Report) last posted its earnings results on Wednesday, February 12th. The transportation company reported $1.68 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. On average, equities analysts expect that Westinghouse Air Brake Technologies Co. will post 8.54 earnings per share for the current fiscal year.

Westinghouse Air Brake Technologies Increases Dividend

The firm 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. 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 0.58%. The ex-dividend date of this dividend was Friday, February 21st. Westinghouse Air Brake Technologies's dividend payout ratio (DPR) is presently 16.58%.

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.