Westinghouse Air Brake Technologies Co. (NYSE:WAB) Shares Sold by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB cut its stake in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 4.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,038 shares of the transportation company’s stock after selling 84 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Westinghouse Air Brake Technologies were worth $386,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Longboard Asset Management LP purchased a new stake in shares of Westinghouse Air Brake Technologies during the fourth quarter valued at approximately $252,000. Greenleaf Trust grew its holdings in Westinghouse Air Brake Technologies by 2.9% during 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 in the last quarter. Pacer Advisors Inc. increased its stake in Westinghouse Air Brake Technologies by 88.8% during the 4th quarter. Pacer Advisors Inc. now owns 31,811 shares of the transportation company’s stock worth $6,031,000 after buying an additional 14,959 shares during the period. Nisa Investment Advisors LLC lifted its holdings in 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 worth $3,879,000 after buying an additional 532 shares in the last quarter. Finally, Lord Abbett & CO. LLC purchased a new position in Westinghouse Air Brake Technologies in the 3rd quarter valued at about $24,630,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Analysts Set New Price Targets

WAB has been the topic of several recent analyst reports. The Goldman Sachs Group boosted their price target on Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. KeyCorp upped their target price on Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Stephens raised their price target on shares of Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Susquehanna upped their price target on shares of Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the company a “positive” rating in a report on Monday, October 21st. Finally, Bank of America increased their price objective on shares of 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 five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $188.50.

Westinghouse Air Brake Technologies Trading Down 0.1 %

Westinghouse Air Brake Technologies stock opened at $208.17 on Wednesday. Westinghouse Air Brake Technologies Co. has a 1 year low of $131.33 and a 1 year high of $210.88. The firm’s 50-day moving average is $199.40 and its 200-day moving average is $185.99. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.65 and a current ratio of 1.30. The company has a market cap of $35.78 billion, a P/E ratio of 34.69, a PEG ratio of 1.33 and a beta of 1.27.

Westinghouse Air Brake Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be paid a $0.25 dividend. This is an increase from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Friday, February 21st. Westinghouse Air Brake Technologies’s payout ratio is presently 13.33%.

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.