Greenleaf Trust decreased its stake in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB – Get Rating) by 28.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,913 shares of the transportation company’s stock after selling 1,157 shares during the period. Greenleaf Trust’s holdings in Westinghouse Air Brake Technologies were worth $291,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Everence Capital Management Inc. bought a new position in Westinghouse Air Brake Technologies during the third quarter worth $253,000. Eudaimonia Partners LLC bought a new position in shares of Westinghouse Air Brake Technologies in the 1st quarter worth about $366,000. Moody’s National Bank Trust Division boosted its holdings in shares of Westinghouse Air Brake Technologies by 3.5% in the 3rd quarter. Moody’s National Bank Trust Division now owns 5,666 shares of the transportation company’s stock valued at $461,000 after buying an additional 189 shares during the period. Cibc World Markets Corp. bought a new stake in shares of Westinghouse Air Brake Technologies during the 1st quarter valued at about $1,092,000. Finally, Forsta AP Fonden raised its stake in Westinghouse Air Brake Technologies by 1.8% during the third quarter. Forsta AP Fonden now owns 33,500 shares of the transportation company’s stock worth $2,725,000 after acquiring an additional 600 shares during the period. Institutional investors own 89.47% of the company’s stock.
Insider Transactions at Westinghouse Air Brake Technologies
In related news, CEO Rafael Santana sold 78,277 shares of the stock in a transaction that occurred on Friday, February 17th. The shares were sold at an average price of $104.78, for a total transaction of $8,201,864.06. Following the completion of the sale, the chief executive officer now directly owns 72,577 shares of the company’s stock, valued at $7,604,618.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Brian Hehir sold 2,881 shares of Westinghouse Air Brake Technologies stock in a transaction dated Friday, February 17th. The stock was sold at an average price of $104.73, for a total value of $301,727.13. Following the transaction, the director now owns 27,878 shares of the company’s stock, valued at approximately $2,919,662.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rafael Santana sold 78,277 shares of the company’s stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $104.78, for a total transaction of $8,201,864.06. Following the sale, the chief executive officer now directly owns 72,577 shares of the company’s stock, valued at $7,604,618.06. The disclosure for this sale can be found here. Insiders have sold 88,834 shares of company stock valued at $9,306,731 in the last quarter. Insiders own 1.22% of the company’s stock.
Westinghouse Air Brake Technologies Price Performance
Shares of NYSE:WAB opened at $96.36 on Friday. The stock has a market cap of $17.34 billion, a price-to-earnings ratio of 27.93, a PEG ratio of 1.56 and a beta of 1.48. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.25 and a quick ratio of 0.66. Westinghouse Air Brake Technologies Co. has a 12 month low of $78.26 and a 12 month high of $107.86. The stock’s 50 day moving average price is $101.67 and its 200 day moving average price is $97.98.
Westinghouse Air Brake Technologies (NYSE:WAB – Get Rating) last issued its quarterly earnings results on Wednesday, February 15th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.30. The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Westinghouse Air Brake Technologies has a return on equity of 8.88% and a net margin of 7.57%. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period last year, the firm earned $1.18 EPS. Equities research analysts anticipate that Westinghouse Air Brake Technologies Co. will post 5.38 earnings per share for the current fiscal year.
Westinghouse Air Brake Technologies Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Friday, February 24th were given a dividend of $0.17 per share. This is a positive change from Westinghouse Air Brake Technologies’ previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, February 23rd. This represents a $0.68 annualized dividend and a dividend yield of 0.71%. Westinghouse Air Brake Technologies’ dividend payout ratio (DPR) is 19.71%.
Wall Street Analyst Weigh In
Several research firms have recently commented on WAB. StockNews.com assumed coverage on Westinghouse Air Brake Technologies in a report on Thursday, March 16th. They set a “buy” rating for the company. Bank of America upgraded Westinghouse Air Brake Technologies from an “underperform” rating to a “neutral” rating in a research note on Tuesday, January 17th. Morgan Stanley raised their target price on Westinghouse Air Brake Technologies from $106.00 to $107.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 21st. Raymond James upped their price target on shares of Westinghouse Air Brake Technologies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, February 16th. Finally, Stephens boosted their target price on shares of Westinghouse Air Brake Technologies from $110.00 to $117.00 and gave the company an “overweight” rating in a research note on Thursday, February 16th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $111.83.
Westinghouse Air Brake Technologies Profile
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Westinghouse Air Brake Technologies Corp. engages in the provision of equipment, systems, and value-added services for the rail industry. It operates through the Freight and Transit segments. The Freight segment builds new locomotives, manufactures and services components for new and existing freight cars and locomotives, rebuilds freight locomotives, supplies railway electronics, positive train control equipment, and signal design and engineering services, and provides related heat exchange and cooling systems.
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