V Square Quantitative Management LLC Acquires 706 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB)

V Square Quantitative Management LLC raised its stake in shares of Westinghouse Air Brake Technologies Co. (NYSE:WABFree Report) by 36.8% during the 1st quarter, Holdings Channel.com reports. The fund owned 2,624 shares of the transportation company’s stock after purchasing an additional 706 shares during the quarter. V Square Quantitative Management LLC’s holdings in Westinghouse Air Brake Technologies were worth $382,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. First Hawaiian Bank lifted its position in Westinghouse Air Brake Technologies by 4.4% during the first quarter. First Hawaiian Bank now owns 3,699 shares of the transportation company’s stock valued at $539,000 after purchasing an additional 157 shares during the period. Applied Finance Capital Management LLC boosted its stake in shares of Westinghouse Air Brake Technologies by 9.8% in the 4th quarter. Applied Finance Capital Management LLC now owns 159,384 shares of the transportation company’s stock worth $20,226,000 after buying an additional 14,285 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Westinghouse Air Brake Technologies by 7.7% in the fourth quarter. BNP Paribas Financial Markets now owns 81,916 shares of the transportation company’s stock worth $10,395,000 after acquiring an additional 5,859 shares during the period. Handelsinvest Investeringsforvaltning purchased a new stake in Westinghouse Air Brake Technologies during the fourth quarter valued at $1,030,000. Finally, iA Global Asset Management Inc. bought a new position in Westinghouse Air Brake Technologies in the third quarter valued at about $1,915,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on WAB shares. Bank of America upped their price target on shares of Westinghouse Air Brake Technologies from $156.00 to $162.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Wells Fargo & Company increased their price target on shares of Westinghouse Air Brake Technologies from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. KeyCorp boosted their price objective on shares of Westinghouse Air Brake Technologies from $155.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Redburn Atlantic cut Westinghouse Air Brake Technologies from a “buy” rating to a “neutral” rating and set a $135.00 target price on the stock. in a report on Thursday, February 15th. Finally, The Goldman Sachs Group upped their price target on Westinghouse Air Brake Technologies from $138.00 to $152.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $156.18.

Check Out Our Latest Analysis on WAB

Insider Buying and Selling at Westinghouse Air Brake Technologies

In other Westinghouse Air Brake Technologies news, Director Albert J. Neupaver sold 29,100 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $161.63, for a total transaction of $4,703,433.00. Following the completion of the transaction, the director now owns 595,412 shares of the company’s stock, valued at approximately $96,236,441.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Albert J. Neupaver sold 29,100 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $161.63, for a total transaction of $4,703,433.00. Following the sale, the director now directly owns 595,412 shares of the company’s stock, valued at approximately $96,236,441.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gregory Sbrocco sold 1,646 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $167.30, for a total transaction of $275,375.80. Following the completion of the transaction, the executive vice president now directly owns 16,666 shares of the company’s stock, valued at $2,788,221.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 105,970 shares of company stock worth $15,871,367. Insiders own 1.10% of the company’s stock.

Westinghouse Air Brake Technologies Price Performance

Shares of NYSE WAB traded down $0.66 during mid-day trading on Tuesday, reaching $169.99. The company’s stock had a trading volume of 1,578,296 shares, compared to its average volume of 1,074,665. 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 52 week low of $91.89 and a 52 week high of $170.83. The stock has a fifty day moving average of $153.18 and a two-hundred day moving average of $136.24. The firm has a market capitalization of $29.98 billion, a PE ratio of 33.20, a P/E/G ratio of 1.50 and a beta of 1.36.

Westinghouse Air Brake Technologies (NYSE:WABGet Free Report) last posted its quarterly earnings results 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 company had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the previous year, the firm earned $1.28 EPS. The firm’s revenue was up 13.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Westinghouse Air Brake Technologies Co. will post 7.26 EPS for the current fiscal year.

Westinghouse Air Brake Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, May 24th. This represents a $0.80 annualized dividend and a yield of 0.47%. Westinghouse Air Brake Technologies’s payout ratio is 15.63%.

Westinghouse Air Brake Technologies Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding WAB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Westinghouse Air Brake Technologies Co. (NYSE:WABFree Report).

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

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