Westinghouse Air Brake Technologies Co. (NYSE:WAB) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd lowered its position in Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,072 shares of the transportation company’s stock after selling 155 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Westinghouse Air Brake Technologies were worth $2,667,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Bridges Investment Management Inc. grew its holdings in shares of Westinghouse Air Brake Technologies by 3.4% in the third quarter. Bridges Investment Management Inc. now owns 2,357 shares of the transportation company’s stock valued at $428,000 after purchasing an additional 77 shares during the period. Greenleaf Trust grew its holdings in shares of Westinghouse Air Brake Technologies by 2.9% in the fourth quarter. Greenleaf Trust now owns 3,344 shares of the transportation company’s stock valued at $634,000 after purchasing an additional 94 shares during the period. Harvest Fund Management Co. Ltd grew its holdings in shares of Westinghouse Air Brake Technologies by 10.4% in the third quarter. Harvest Fund Management Co. Ltd now owns 1,820 shares of the transportation company’s stock valued at $331,000 after purchasing an additional 172 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Westinghouse Air Brake Technologies by 2.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 20,459 shares of the transportation company’s stock valued at $3,879,000 after purchasing an additional 532 shares during the period. Finally, Garde Capital Inc. purchased a new stake in shares of Westinghouse Air Brake Technologies in the third quarter valued at about $110,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. KeyCorp upped their price objective on shares of Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Bank of America increased their target price on shares of Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Finally, Stephens reaffirmed an “overweight” rating and set a $220.00 target price on shares of Westinghouse Air Brake Technologies in a research note on Thursday, February 13th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Westinghouse Air Brake Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $206.33.

Insider Transactions at Westinghouse Air Brake Technologies

In other news, CEO Rafael Santana sold 886 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $182.34, for a total transaction of $161,553.24. Following the sale, the chief executive officer now owns 176,295 shares of the company’s stock, valued at approximately $32,145,630.30. This represents a 0.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Westinghouse Air Brake Technologies Trading Up 2.3 %

Shares of WAB stock opened at $185.31 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.69. The firm has a market cap of $31.66 billion, a PE ratio of 30.73, a price-to-earnings-growth ratio of 1.50 and a beta of 1.27. The company has a 50-day moving average of $196.17 and a two-hundred day moving average of $188.43. Westinghouse Air Brake Technologies Co. has a 1-year low of $139.12 and a 1-year high of $210.88.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its quarterly earnings results on Wednesday, February 12th. The transportation company reported $1.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.06). Westinghouse Air Brake Technologies had a return on equity of 12.78% and a net margin of 10.17%. On average, analysts predict that Westinghouse Air Brake Technologies Co. will post 8.54 EPS for the current year.

Westinghouse Air Brake Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Friday, February 21st. This is a boost from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. Westinghouse Air Brake Technologies’s dividend payout ratio is currently 16.58%.

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.