Westinghouse Air Brake Technologies Co. (NYSE:WAB) Shares Sold by Thompson Investment Management Inc.

Thompson Investment Management Inc. cut its position in Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 8.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,099 shares of the transportation company’s stock after selling 200 shares during the quarter. Thompson Investment Management Inc.’s holdings in Westinghouse Air Brake Technologies were worth $306,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of WAB. First Hawaiian Bank raised its position in Westinghouse Air Brake Technologies by 49.1% in the 4th quarter. First Hawaiian Bank now owns 3,542 shares of the transportation company’s stock valued at $449,000 after purchasing an additional 1,167 shares during the last quarter. Industrial Alliance Investment Management Inc. acquired a new stake in Westinghouse Air Brake Technologies in the third quarter valued at about $498,000. Handelsinvest Investeringsforvaltning purchased a new stake in Westinghouse Air Brake Technologies in the 4th quarter valued at approximately $1,030,000. iA Global Asset Management Inc. acquired a new position in Westinghouse Air Brake Technologies during the 3rd quarter worth approximately $1,915,000. Finally, BNP Paribas Financial Markets raised its stake in shares of Westinghouse Air Brake Technologies by 7.7% during the 4th quarter. BNP Paribas Financial Markets now owns 81,916 shares of the transportation company’s stock worth $10,395,000 after buying an additional 5,859 shares in the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WAB has been the topic of a number of analyst reports. KeyCorp lifted their price target on Westinghouse Air Brake Technologies from $155.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. The Goldman Sachs Group raised their price objective on shares of Westinghouse Air Brake Technologies from $160.00 to $181.00 and gave the company a “neutral” rating in a research note on Tuesday, June 4th. Stephens increased their target price on shares of Westinghouse Air Brake Technologies from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. TD Cowen boosted their price target on Westinghouse Air Brake Technologies from $130.00 to $147.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. Finally, Bank of America upped their price target on Westinghouse Air Brake Technologies from $156.00 to $162.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $158.82.

Insider Activity at Westinghouse Air Brake Technologies

In related news, EVP Gregory Sbrocco sold 1,646 shares of Westinghouse Air Brake Technologies stock in a transaction on Friday, May 10th. The stock was sold at an average price of $167.30, for a total value of $275,375.80. Following the transaction, the executive vice president now owns 16,666 shares in the company, valued at $2,788,221.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Gregory Sbrocco sold 1,646 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $167.30, for a total value of $275,375.80. Following the completion of the sale, the executive vice president now owns 16,666 shares of the company’s stock, valued at $2,788,221.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Rogerio Mendonca sold 3,965 shares of the firm’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $160.75, for a total transaction of $637,373.75. Following the sale, the insider now directly owns 12,464 shares of the company’s stock, valued at $2,003,588. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,476 shares of company stock worth $7,689,609. 1.10% of the stock is currently owned by insiders.

Westinghouse Air Brake Technologies Price Performance

Westinghouse Air Brake Technologies stock traded down $1.57 during mid-day trading on Tuesday, hitting $160.44. 726,349 shares of the company were exchanged, compared to its average volume of 1,062,998. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.52 and a quick ratio of 0.77. Westinghouse Air Brake Technologies Co. has a 12-month low of $98.70 and a 12-month high of $170.83. The business’s 50 day simple moving average is $162.80 and its two-hundred day simple moving average is $144.67. The company has a market capitalization of $28.30 billion, a P/E ratio of 31.29, a PEG ratio of 1.43 and a beta of 1.32.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Westinghouse Air Brake Technologies had a return on equity of 11.25% and a net margin of 9.20%. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter last year, the business posted $1.28 EPS. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. Analysts forecast that Westinghouse Air Brake Technologies Co. will post 7.26 earnings per share for the current fiscal year.

Westinghouse Air Brake Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 28th were issued a $0.20 dividend. The ex-dividend date was Friday, May 24th. This represents a $0.80 annualized dividend and a yield of 0.50%. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is presently 15.63%.

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.