Beutel Goodman & Co Ltd. Has $205.13 Million Holdings in Westinghouse Air Brake Technologies Co. (NYSE:WAB)

Beutel Goodman & Co Ltd. lowered its holdings in Westinghouse Air Brake Technologies Co. (NYSE:WAB - Free Report) by 0.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,081,943 shares of the transportation company's stock after selling 1,440 shares during the period. Beutel Goodman & Co Ltd. owned approximately 0.63% of Westinghouse Air Brake Technologies worth $205,125,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of WAB. Garde Capital Inc. acquired a new position in Westinghouse Air Brake Technologies during the third quarter valued at $110,000. Dorsey & Whitney Trust CO LLC purchased a new position in Westinghouse Air Brake Technologies during the 4th quarter valued at about $204,000. Longboard Asset Management LP acquired a new position in shares of Westinghouse Air Brake Technologies in the 4th quarter valued at about $252,000. Catalyst Funds Management Pty Ltd lifted its position in shares of Westinghouse Air Brake Technologies by 200.0% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 1,800 shares of the transportation company's stock worth $341,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Westinghouse Air Brake Technologies during the third quarter worth approximately $386,000. Hedge funds and other institutional investors own 91.69% of the company's stock.

Westinghouse Air Brake Technologies Stock Up 1.2 %

NYSE:WAB traded up $2.20 during trading hours on Wednesday, reaching $185.86. The company's stock had a trading volume of 265,293 shares, compared to its average volume of 1,114,962. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.69. The company has a market cap of $31.75 billion, a price-to-earnings ratio of 30.82, a price-to-earnings-growth ratio of 1.50 and a beta of 1.31. Westinghouse Air Brake Technologies Co. has a one year low of $143.22 and a one year high of $210.88. The business's 50-day moving average is $190.80 and its 200-day moving average is $191.59.

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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 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%. Equities research analysts predict that Westinghouse Air Brake Technologies Co. will post 8.54 EPS for the current year.

Westinghouse Air Brake Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were issued a dividend of $0.25 per share. 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 dividend yield of 0.54%. The ex-dividend date was Friday, February 21st. Westinghouse Air Brake Technologies's dividend payout ratio is currently 16.58%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. StockNews.com downgraded shares of Westinghouse Air Brake Technologies from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Stephens reiterated an "overweight" rating and set a $220.00 price objective on shares of Westinghouse Air Brake Technologies in a report on Thursday, February 13th. Finally, Bank of America boosted their target price on Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the company a "buy" rating in a research note 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, the company presently has an average rating of "Moderate Buy" and a consensus target price of $206.33.

Insider Activity at Westinghouse Air Brake Technologies

In other Westinghouse Air Brake Technologies news, CEO Rafael Santana sold 886 shares of the business's stock in a transaction on Thursday, February 27th. The shares were 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 $32,145,630.30. The trade was a 0.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by company insiders.

Westinghouse Air Brake Technologies Company 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.