Westinghouse Air Brake Technologies Co. (NYSE:WAB) Shares Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd lifted its holdings in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB - Free Report) by 114.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,907 shares of the transportation company's stock after purchasing an additional 2,087 shares during the period. Harvest Fund Management Co. Ltd's holdings in Westinghouse Air Brake Technologies were worth $741,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. iA Global Asset Management Inc. increased its position in 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 worth $3,383,000 after buying an additional 3,288 shares in the last quarter. Longboard Asset Management LP acquired a new stake in shares of Westinghouse Air Brake Technologies during the fourth quarter valued at $252,000. BNP Paribas Financial Markets increased its position in Westinghouse Air Brake Technologies by 5.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 278,729 shares of the transportation company's stock worth $50,665,000 after purchasing an additional 13,683 shares in the last quarter. Pacer Advisors Inc. raised its stake in Westinghouse Air Brake Technologies by 88.8% in the 4th 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 during the last quarter. Finally, Erste Asset Management GmbH acquired a new position in Westinghouse Air Brake Technologies in the 3rd quarter valued at about $61,474,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on WAB shares. Stephens reiterated an "overweight" rating and set a $220.00 price target on shares of Westinghouse Air Brake Technologies in a report on Thursday, February 13th. Bank of America lifted 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 research note on Wednesday, January 15th. Finally, StockNews.com lowered Westinghouse Air Brake Technologies from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $206.33.

Westinghouse Air Brake Technologies Stock Up 0.4 %

Shares of NYSE WAB traded up $0.79 during trading on Tuesday, reaching $189.65. 758,794 shares of the stock were exchanged, compared to its average volume of 1,045,480. The business's 50-day moving average price is $192.71 and its 200 day moving average price is $190.73. The company has a market capitalization of $32.40 billion, a price-to-earnings ratio of 31.45, a price-to-earnings-growth ratio of 1.50 and a beta of 1.31. Westinghouse Air Brake Technologies Co. has a twelve month low of $141.85 and a twelve month high of $210.88. The company has a quick ratio of 0.69, 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 posted its quarterly earnings data on Wednesday, February 12th. The transportation company reported $1.68 earnings per share 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, equities 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, February 21st. This is an increase from Westinghouse Air Brake Technologies's previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 0.53%. Westinghouse Air Brake Technologies's payout ratio is currently 16.58%.

Insider Activity

In related news, CEO Rafael Santana sold 886 shares of the company's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $182.34, for a total value of $161,553.24. Following the sale, the chief executive officer now directly owns 176,295 shares of the company's stock, valued at $32,145,630.30. This represents a 0.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.10% of the company's stock.

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.