Wilmington Savings Fund Society FSB Purchases Shares of 2,122 Westinghouse Air Brake Technologies Co. (NYSE:WAB)

Wilmington Savings Fund Society FSB purchased a new position in Westinghouse Air Brake Technologies Co. (NYSE:WAB) during the 3rd quarter, Holdings Channel reports. The firm purchased 2,122 shares of the transportation company’s stock, valued at approximately $386,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. iA Global Asset Management Inc. grew its position in Westinghouse Air Brake Technologies by 21.5% during the third quarter. iA Global Asset Management Inc. now owns 18,613 shares of the transportation company’s stock worth $3,383,000 after buying an additional 3,288 shares in the last quarter. Border to Coast Pensions Partnership Ltd lifted its position in shares of Westinghouse Air Brake Technologies by 4.5% in the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 201,011 shares of the transportation company’s stock worth $36,431,000 after acquiring an additional 8,575 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Westinghouse Air Brake Technologies by 5.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 278,729 shares of the transportation company’s stock worth $50,665,000 after acquiring an additional 13,683 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Westinghouse Air Brake Technologies during the 3rd quarter worth approximately $7,128,000. Finally, Rhumbline Advisers increased its position in shares of Westinghouse Air Brake Technologies by 2.1% during the second quarter. Rhumbline Advisers now owns 335,483 shares of the transportation company’s stock valued at $53,023,000 after purchasing an additional 7,012 shares during the period. Institutional investors own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. KeyCorp raised their target price on 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. Susquehanna lifted their target price on shares of Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the company a “positive” rating in a research report on Monday, October 21st. The Goldman Sachs Group increased their price target on shares of Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Finally, 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 note on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $175.30.

Insiders Place Their Bets

In related news, VP David L. Deninno sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $188.60, for a total value of $1,886,000.00. Following the completion of the transaction, the vice president now owns 55,352 shares in the company, valued at $10,439,387.20. The trade was a 15.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Albert J. Neupaver sold 35,722 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $188.70, for a total value of $6,740,741.40. Following the completion of the transaction, the director now owns 614,447 shares in the company, valued at $115,946,148.90. The trade was a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 49,393 shares of company stock valued at $9,350,243. Insiders own 1.10% of the company’s stock.

Westinghouse Air Brake Technologies Stock Up 1.3 %

Shares of WAB opened at $202.32 on Tuesday. The company has a market capitalization of $34.78 billion, a P/E ratio of 33.72, a PEG ratio of 1.45 and a beta of 1.26. Westinghouse Air Brake Technologies Co. has a one year low of $121.85 and a one year high of $207.51. The business’s 50 day simple moving average is $195.14 and its 200-day simple moving average is $175.42. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.65.

Westinghouse Air Brake Technologies (NYSE:WAB) last announced its earnings results on Wednesday, October 23rd. The transportation company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.87 by $0.13. Westinghouse Air Brake Technologies had a return on equity of 12.52% and a net margin of 10.25%. The company had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.68 billion. During the same quarter in the prior year, the business earned $1.70 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, sell-side analysts predict that Westinghouse Air Brake Technologies Co. will post 7.6 EPS for the current fiscal year.

Westinghouse Air Brake Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date was Wednesday, November 13th. Westinghouse Air Brake Technologies’s dividend payout ratio is presently 13.33%.

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.