Jackson Square Partners LLC Decreases Holdings in Westinghouse Air Brake Technologies Co. (NYSE:WAB)

Jackson Square Partners LLC lowered its position in Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 16.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,014 shares of the transportation company’s stock after selling 17,214 shares during the quarter. Jackson Square Partners LLC owned approximately 0.05% of Westinghouse Air Brake Technologies worth $16,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of WAB. KLP Kapitalforvaltning AS purchased a new stake in shares of Westinghouse Air Brake Technologies in the 4th quarter valued at $22,509,000. Hillsdale Investment Management Inc. lifted its stake in shares of Westinghouse Air Brake Technologies by 3.8% in the 4th quarter. Hillsdale Investment Management Inc. now owns 5,400 shares of the transportation company’s stock valued at $1,024,000 after acquiring an additional 200 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in Westinghouse Air Brake Technologies by 114.7% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 3,907 shares of the transportation company’s stock valued at $741,000 after acquiring an additional 2,087 shares during the period. Cibc World Markets Corp grew its position in Westinghouse Air Brake Technologies by 14.4% during the 4th quarter. Cibc World Markets Corp now owns 27,266 shares of the transportation company’s stock worth $5,169,000 after acquiring an additional 3,441 shares during the last quarter. Finally, Twin Tree Management LP increased its stake in Westinghouse Air Brake Technologies by 108.8% in the 4th quarter. Twin Tree Management LP now owns 2,960 shares of the transportation company’s stock worth $561,000 after purchasing an additional 36,435 shares during the period. 91.69% of the stock is currently owned by institutional investors.

Westinghouse Air Brake Technologies Price Performance

NYSE:WAB opened at $188.97 on Tuesday. The business’s 50-day simple moving average is $192.71 and its two-hundred day simple moving average is $190.73. Westinghouse Air Brake Technologies Co. has a 52 week low of $141.85 and a 52 week high of $210.88. The stock has a market cap of $32.28 billion, a PE ratio of 31.34, a P/E/G ratio of 1.50 and a beta of 1.31. The company has a quick ratio of 0.69, a current ratio of 1.30 and a debt-to-equity ratio of 0.34.

Westinghouse Air Brake Technologies (NYSE:WAB) last announced its quarterly earnings results on Wednesday, February 12th. The transportation company reported $1.68 EPS for the quarter, missing the consensus estimate 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%. As a group, analysts forecast that Westinghouse Air Brake Technologies Co. will post 8.54 EPS for the current fiscal year.

Westinghouse Air Brake Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Friday, February 21st. This is an increase from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is currently 16.58%.

Analyst Ratings Changes

WAB has been the topic of several analyst reports. Stephens reaffirmed an “overweight” rating and issued a $220.00 target price on shares of Westinghouse Air Brake Technologies in a research note on Thursday, February 13th. Bank of America boosted 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 report on Wednesday, January 15th. Finally, StockNews.com lowered shares of Westinghouse Air Brake Technologies from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $206.33.

Insiders Place Their Bets

In other Westinghouse Air Brake Technologies news, CEO Rafael Santana sold 886 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $182.34, for a total value of $161,553.24. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.10% of the company’s stock.

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.