B. Metzler seel. Sohn & Co. AG Trims Position in Westinghouse Air Brake Technologies Co. (NYSE:WAB)

B. Metzler seel. Sohn & Co. AG lowered its position in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB - Free Report) by 4.1% 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 37,593 shares of the transportation company's stock after selling 1,622 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Westinghouse Air Brake Technologies were worth $7,157,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Greenleaf Trust boosted its holdings in Westinghouse Air Brake Technologies by 2.9% in the 4th quarter. Greenleaf Trust now owns 3,344 shares of the transportation company's stock valued at $634,000 after purchasing an additional 94 shares during the period. Hillsdale Investment Management Inc. grew its position in Westinghouse Air Brake Technologies by 3.8% during the fourth quarter. Hillsdale Investment Management Inc. now owns 5,400 shares of the transportation company's stock worth $1,024,000 after buying an additional 200 shares in the last quarter. DnB Asset Management AS increased its stake in Westinghouse Air Brake Technologies by 0.9% in the 4th quarter. DnB Asset Management AS now owns 48,101 shares of the transportation company's stock worth $9,119,000 after acquiring an additional 414 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Westinghouse Air Brake Technologies by 2.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 20,459 shares of the transportation company's stock valued at $3,879,000 after acquiring an additional 532 shares in the last quarter. Finally, Garde Capital Inc. bought a new stake in shares of Westinghouse Air Brake Technologies during the 3rd quarter valued at about $110,000. Institutional investors own 91.69% of the company's stock.

Remove Ads

Westinghouse Air Brake Technologies Trading Down 7.3 %

Shares of Westinghouse Air Brake Technologies stock traded down $12.67 during trading on Friday, reaching $160.91. The company's stock had a trading volume of 1,372,274 shares, compared to its average volume of 1,119,459. 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 Co. has a 52-week low of $143.22 and a 52-week high of $210.88. The firm's 50-day moving average is $188.71 and its two-hundred day moving average is $191.49. The company has a market cap of $27.49 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 1.50 and a beta of 1.14.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last posted its quarterly 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, sell-side analysts anticipate that Westinghouse Air Brake Technologies Co. will post 8.54 earnings per share for the current 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 given a $0.25 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.00 annualized dividend and a yield of 0.62%. This is an increase from Westinghouse Air Brake Technologies's previous quarterly dividend of $0.20. Westinghouse Air Brake Technologies's payout ratio is presently 16.58%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Stephens reaffirmed 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 cut shares of Westinghouse Air Brake Technologies from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Finally, 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 report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Westinghouse Air Brake Technologies has an average rating of "Moderate Buy" and a consensus price target of $206.33.

Insider Activity

In other Westinghouse Air Brake Technologies news, CEO Rafael Santana sold 886 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $185.07, for a total transaction 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 $37,302,339.06. This represents a 0.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.10% of the company's stock.

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.