Wilmington Savings Fund Society FSB Cuts Position in Westinghouse Air Brake Technologies Co. (NYSE:WAB)

Wilmington Savings Fund Society FSB reduced its stake in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 4.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,038 shares of the transportation company’s stock after selling 84 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Westinghouse Air Brake Technologies were worth $386,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Longboard Asset Management LP purchased a new stake in Westinghouse Air Brake Technologies during the fourth quarter worth about $252,000. Greenleaf Trust lifted its position in shares of Westinghouse Air Brake Technologies by 2.9% during the 4th quarter. Greenleaf Trust now owns 3,344 shares of the transportation company’s stock valued at $634,000 after acquiring an additional 94 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Westinghouse Air Brake Technologies by 88.8% during the 4th quarter. Pacer Advisors Inc. now owns 31,811 shares of the transportation company’s stock worth $6,031,000 after acquiring an additional 14,959 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Westinghouse Air Brake Technologies by 2.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 20,459 shares of the transportation company’s stock worth $3,879,000 after acquiring an additional 532 shares during the period. Finally, Lord Abbett & CO. LLC purchased a new position in Westinghouse Air Brake Technologies in the 3rd quarter valued at approximately $24,630,000. 91.69% of the stock is owned by institutional investors and hedge funds.

Westinghouse Air Brake Technologies Stock Down 0.1 %

Shares of NYSE:WAB opened at $208.17 on Wednesday. The stock has a 50-day simple moving average of $199.40 and a 200-day simple moving average of $185.99. The stock has a market capitalization of $35.78 billion, a P/E ratio of 34.69, a PEG ratio of 1.33 and a beta of 1.27. Westinghouse Air Brake Technologies Co. has a 1 year low of $131.33 and a 1 year high of $210.88. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.65 and a current ratio of 1.30.

Westinghouse Air Brake Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.48%. This is a positive change from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. Westinghouse Air Brake Technologies’s dividend payout ratio is presently 13.33%.

Analyst Ratings Changes

Several analysts have weighed in on WAB shares. Susquehanna upped their target price on Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the company a “positive” rating in a report on Monday, October 21st. Bank of America increased their price objective on shares of Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. The Goldman Sachs Group lifted their target price 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. KeyCorp raised their price objective on shares of Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Finally, Stephens upped their target price on Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $188.50.

Westinghouse Air Brake Technologies 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.