Nicholas Company Inc. Sells 29,731 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB)

Nicholas Company Inc. trimmed its position in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB - Free Report) by 25.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,501 shares of the transportation company's stock after selling 29,731 shares during the quarter. Nicholas Company Inc. owned approximately 0.05% of Westinghouse Air Brake Technologies worth $16,589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Garde Capital Inc. bought a new position in Westinghouse Air Brake Technologies during the third quarter valued at approximately $110,000. Dorsey & Whitney Trust CO LLC acquired a new position in shares of Westinghouse Air Brake Technologies during the 4th quarter worth $204,000. Camden National Bank bought a new position in shares of Westinghouse Air Brake Technologies during the 3rd quarter valued at $222,000. Longboard Asset Management LP acquired a new stake in shares of Westinghouse Air Brake Technologies in the 4th quarter valued at $252,000. Finally, Catalyst Funds Management Pty Ltd boosted its holdings in 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. Institutional investors own 91.69% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on WAB. StockNews.com lowered Westinghouse Air Brake Technologies from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. Stephens reissued 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 stock a "buy" rating in a report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $206.33.

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Insider Activity

In other Westinghouse Air Brake Technologies news, CEO Rafael Santana sold 886 shares of Westinghouse Air Brake Technologies stock in a transaction on Thursday, February 27th. The stock was 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 directly owns 176,295 shares of the company's stock, valued at approximately $32,145,630.30. This trade represents a 0.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is owned by company insiders.

Westinghouse Air Brake Technologies Stock Performance

WAB traded down $0.15 during midday trading on Thursday, reaching $185.45. The company's stock had a trading volume of 765,045 shares, compared to its average volume of 1,034,468. Westinghouse Air Brake Technologies Co. has a twelve month low of $141.71 and a twelve month high of $210.88. The company has a fifty day simple moving average of $192.97 and a 200 day simple moving average of $190.11. The stock has a market cap of $31.68 billion, a P/E ratio of 30.75, a PEG ratio of 1.50 and a beta of 1.31. The company has a current ratio of 1.30, a quick ratio of 0.69 and a debt-to-equity ratio of 0.34.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The transportation company reported $1.68 EPS for the quarter, missing analysts' consensus estimates of $1.74 by ($0.06). Westinghouse Air Brake Technologies had a return on equity of 12.78% and a net margin of 10.17%. Research analysts expect that Westinghouse Air Brake Technologies Co. will post 8.54 earnings per share for the current year.

Westinghouse Air Brake Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.54%. This is an increase from Westinghouse Air Brake Technologies's previous quarterly dividend of $0.20. The ex-dividend date was Friday, February 21st. Westinghouse Air Brake Technologies's dividend payout ratio (DPR) is presently 16.58%.

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.