Westinghouse Air Brake Technologies Co. (NYSE:WAB) Shares Sold by V Square Quantitative Management LLC

V Square Quantitative Management LLC lowered its position in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 3.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,364 shares of the transportation company’s stock after selling 97 shares during the quarter. V Square Quantitative Management LLC’s holdings in Westinghouse Air Brake Technologies were worth $448,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in WAB. Erste Asset Management GmbH acquired a new position in shares of Westinghouse Air Brake Technologies during the third quarter valued at approximately $61,474,000. Lord Abbett & CO. LLC acquired a new position in shares of Westinghouse Air Brake Technologies during the third quarter valued at approximately $24,630,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Westinghouse Air Brake Technologies during the third quarter valued at approximately $7,128,000. Pacer Advisors Inc. grew its position in shares of Westinghouse Air Brake Technologies by 88.8% in the fourth quarter. Pacer Advisors Inc. now owns 31,811 shares of the transportation company’s stock valued at $6,031,000 after purchasing an additional 14,959 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Westinghouse Air Brake Technologies by 5.2% in the third quarter. BNP Paribas Financial Markets now owns 278,729 shares of the transportation company’s stock valued at $50,665,000 after purchasing an additional 13,683 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Westinghouse Air Brake Technologies Trading Down 4.2 %

Shares of Westinghouse Air Brake Technologies stock opened at $188.14 on Friday. The firm has a market capitalization of $32.34 billion, a price-to-earnings ratio of 31.36, a PEG ratio of 1.33 and a beta of 1.27. Westinghouse Air Brake Technologies Co. has a fifty-two week low of $132.77 and a fifty-two week 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. The stock has a 50 day moving average of $198.65 and a 200 day moving average of $186.47.

Westinghouse Air Brake Technologies (NYSE:WAB) last released its quarterly earnings results on Wednesday, February 12th. The transportation company reported $1.68 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.06). Westinghouse Air Brake Technologies had a return on equity of 12.52% and a net margin of 10.25%. As a group, research analysts predict that Westinghouse Air Brake Technologies Co. will post 7.6 earnings per share for the current year.

Westinghouse Air Brake Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.53%. This is a boost from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, February 21st. Westinghouse Air Brake Technologies’s dividend payout ratio is 13.33%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Stephens restated an “overweight” rating and issued a $220.00 price target on shares of Westinghouse Air Brake Technologies in a research report on Thursday. Bank of America upped their price target on Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Susquehanna upped their price target on 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 upped their price target on Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Finally, KeyCorp upped their price target on Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $206.33.

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.