Forsta AP Fonden Grows Stake in Westinghouse Air Brake Technologies Co. (NYSE:WAB)

Forsta AP Fonden increased its position in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 4.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 50,600 shares of the transportation company’s stock after purchasing an additional 2,100 shares during the quarter. Forsta AP Fonden’s holdings in Westinghouse Air Brake Technologies were worth $9,198,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of WAB. Rhumbline Advisers increased its position in shares of Westinghouse Air Brake Technologies by 2.1% in the second quarter. Rhumbline Advisers now owns 335,483 shares of the transportation company’s stock valued at $53,023,000 after buying an additional 7,012 shares in the last quarter. Border to Coast Pensions Partnership Ltd raised its position in Westinghouse Air Brake Technologies by 4.5% during the third quarter. Border to Coast Pensions Partnership Ltd now owns 201,011 shares of the transportation company’s stock worth $36,431,000 after acquiring an additional 8,575 shares during the last quarter. BNP Paribas Financial Markets raised its position in Westinghouse Air Brake Technologies by 107.8% during the first quarter. BNP Paribas Financial Markets now owns 170,248 shares of the transportation company’s stock worth $24,802,000 after acquiring an additional 88,325 shares during the last quarter. DNB Asset Management AS lifted its holdings in shares of Westinghouse Air Brake Technologies by 3.9% in the second quarter. DNB Asset Management AS now owns 46,343 shares of the transportation company’s stock valued at $7,325,000 after purchasing an additional 1,729 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of Westinghouse Air Brake Technologies by 12.3% in the second quarter. Nisa Investment Advisors LLC now owns 22,357 shares of the transportation company’s stock valued at $3,534,000 after purchasing an additional 2,457 shares during the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WAB. The Goldman Sachs Group lifted their price objective on Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday. Susquehanna upped their price objective on Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the company a “positive” rating in a research report on Monday, October 21st. Stephens increased their price objective on Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Bank of America boosted their target price on shares of Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Westinghouse Air Brake Technologies has an average rating of “Moderate Buy” and an average target price of $171.80.

Westinghouse Air Brake Technologies Trading Down 0.2 %

NYSE WAB opened at $188.76 on Monday. The company has a 50-day moving average of $175.94 and a 200-day moving average of $166.07. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.38 and a quick ratio of 0.73. Westinghouse Air Brake Technologies Co. has a 12 month low of $102.67 and a 12 month high of $192.48. The company has a market cap of $33.29 billion, a P/E ratio of 36.87, a P/E/G ratio of 1.50 and a beta of 1.27.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.13. Westinghouse Air Brake Technologies had a net margin of 9.94% and a return on equity of 12.05%. The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter last year, the firm posted $1.70 earnings per share. Westinghouse Air Brake Technologies’s revenue was up 4.4% on a year-over-year basis. As a group, equities analysts predict that Westinghouse Air Brake Technologies Co. will post 7.47 earnings per share for the current year.

Westinghouse Air Brake Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend is Wednesday, November 13th. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is presently 15.63%.

Insiders Place Their Bets

In other news, insider Alicia Hammersmith sold 4,169 shares of Westinghouse Air Brake Technologies stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $165.54, for a total value of $690,136.26. Following the transaction, the insider now directly owns 5,606 shares of the company’s stock, valued at $928,017.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Nicole B. Theophilus sold 4,801 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $154.64, for a total value of $742,426.64. Following the completion of the sale, the executive vice president now directly owns 15,608 shares in the company, valued at approximately $2,413,621.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alicia Hammersmith sold 4,169 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $165.54, for a total value of $690,136.26. Following the transaction, the insider now owns 5,606 shares in the company, valued at approximately $928,017.24. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,392 shares of company stock worth $2,754,390 over the last three months. 1.10% of the stock is owned by 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.