Neuberger Berman Group LLC Purchases 1,190 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB)

Neuberger Berman Group LLC raised its position in Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 22.0% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 6,604 shares of the transportation company’s stock after buying an additional 1,190 shares during the period. Neuberger Berman Group LLC’s holdings in Westinghouse Air Brake Technologies were worth $477,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Van ECK Associates Corp boosted its position in Westinghouse Air Brake Technologies by 289.1% in the 2nd quarter. Van ECK Associates Corp now owns 428 shares of the transportation company’s stock valued at $35,000 after buying an additional 318 shares during the last quarter. Bbva USA bought a new position in Westinghouse Air Brake Technologies in the 2nd quarter valued at $48,000. Banco Bilbao Vizcaya Argentaria S.A. boosted its position in Westinghouse Air Brake Technologies by 8.3% in the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,324 shares of the transportation company’s stock valued at $356,000 after buying an additional 330 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Westinghouse Air Brake Technologies by 13.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 79,778 shares of the transportation company’s stock worth $6,566,000 after purchasing an additional 9,259 shares during the last quarter. Finally, RPG Investment Advisory LLC boosted its position in shares of Westinghouse Air Brake Technologies by 2.3% in the 2nd quarter. RPG Investment Advisory LLC now owns 87,692 shares of the transportation company’s stock worth $7,217,000 after purchasing an additional 1,978 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

In related news, CFO Patrick D. Dugan sold 17,033 shares of Westinghouse Air Brake Technologies stock in a transaction dated Monday, August 30th. The stock was sold at an average price of $90.02, for a total value of $1,533,310.66. Following the sale, the chief financial officer now owns 21,348 shares of the company’s stock, valued at $1,921,746.96. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP David L. Deninno sold 4,000 shares of Westinghouse Air Brake Technologies stock in a transaction dated Monday, August 30th. The shares were sold at an average price of $89.95, for a total value of $359,800.00. Following the completion of the sale, the vice president now directly owns 82,048 shares in the company, valued at approximately $7,380,217.60. The disclosure for this sale can be found here. Insiders sold a total of 28,179 shares of company stock worth $2,515,935 in the last three months. Company insiders own 4.39% of the company’s stock.

WAB has been the topic of several recent research reports. Morgan Stanley raised their price target on Westinghouse Air Brake Technologies from $99.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, August 2nd. Citigroup raised their price target on Westinghouse Air Brake Technologies from $88.00 to $95.00 and gave the stock a “neutral” rating in a research report on Thursday, August 26th. KeyCorp raised their price target on Westinghouse Air Brake Technologies from $95.00 to $110.00 and gave the stock an “overweight” rating in a research report on Thursday, August 19th. Zacks Investment Research lowered Westinghouse Air Brake Technologies from a “buy” rating to a “hold” rating and set a $87.00 price target on the stock. in a research report on Friday, July 23rd. Finally, Wells Fargo & Company raised their price target on Westinghouse Air Brake Technologies from $95.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 20th. 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.com, the company presently has a consensus rating of “Buy” and a consensus target price of $97.83.

Shares of Westinghouse Air Brake Technologies stock opened at $88.91 on Thursday. The company has a market capitalization of $16.81 billion, a PE ratio of 37.36, a PEG ratio of 1.60 and a beta of 1.69. Westinghouse Air Brake Technologies Co. has a 12 month low of $55.83 and a 12 month high of $93.97. The company has a current ratio of 1.34, a quick ratio of 0.75 and a debt-to-equity ratio of 0.40. The stock’s fifty day simple moving average is $88.88 and its 200 day simple moving average is $84.23.

Westinghouse Air Brake Technologies (NYSE:WAB) last released its quarterly earnings results on Wednesday, October 27th. The transportation company reported $1.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.02. Westinghouse Air Brake Technologies had a return on equity of 7.25% and a net margin of 5.86%. The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter last year, the business posted $0.95 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. Analysts predict that Westinghouse Air Brake Technologies Co. will post 4.31 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 29th. Shareholders of record on Monday, November 15th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Friday, November 12th. Westinghouse Air Brake Technologies’s dividend payout ratio is 12.66%.

Westinghouse Air Brake Technologies Profile

Westinghouse Air Brake Technologies Corp. engages in the provision of equipment, systems, and value-added services for the rail industry. It operates through the following segments: Freight and Transit. The Freight segment involves in the manufacture and offers services components for new and existing locomotives and freight cars; supplies rail control and infrastructure products such as electronics, positive train control equipment, and signal design and engineering services; overhauls locomotives; and provides heat exchangers and cooling systems for rail and other industrial markets.

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Institutional Ownership by Quarter for Westinghouse Air Brake Technologies (NYSE:WAB)

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