Westinghouse Air Brake Technologies Co. (NYSE:WAB) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd decreased its position in Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 1.1% during the 4th quarter, Holdings Channel reports. The fund owned 14,072 shares of the transportation company’s stock after selling 155 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Westinghouse Air Brake Technologies were worth $2,667,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Bridges Investment Management Inc. raised its holdings in Westinghouse Air Brake Technologies by 3.4% during the third quarter. Bridges Investment Management Inc. now owns 2,357 shares of the transportation company’s stock worth $428,000 after purchasing an additional 77 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Westinghouse Air Brake Technologies during the third quarter worth approximately $7,128,000. Camden National Bank acquired a new stake in Westinghouse Air Brake Technologies during the third quarter worth approximately $222,000. Harvest Fund Management Co. Ltd raised its holdings in Westinghouse Air Brake Technologies by 10.4% during the third quarter. Harvest Fund Management Co. Ltd now owns 1,820 shares of the transportation company’s stock worth $331,000 after purchasing an additional 172 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Westinghouse Air Brake Technologies by 5.2% during the third quarter. BNP Paribas Financial Markets now owns 278,729 shares of the transportation company’s stock worth $50,665,000 after purchasing an additional 13,683 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WAB. 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. KeyCorp raised their target price on shares of Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Finally, Bank of America raised their target price on shares of Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus 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 sale, the chief executive officer now directly owns 176,295 shares in the company, valued at approximately $32,145,630.30. The trade was a 0.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by insiders.

Westinghouse Air Brake Technologies Stock Performance

NYSE:WAB opened at $185.31 on Friday. The firm’s fifty day moving average price is $196.17 and its 200 day moving average price is $188.43. Westinghouse Air Brake Technologies Co. has a 1-year low of $139.12 and a 1-year high of $210.88. 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 firm has a market cap of $31.66 billion, a price-to-earnings ratio of 30.73, a price-to-earnings-growth ratio of 1.50 and a beta of 1.27.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted 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%. On average, sell-side analysts expect 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 will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.54%. This is a positive change from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, February 21st. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is 16.58%.

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.