CIBC Private Wealth Group LLC Sells 524 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB)

CIBC Private Wealth Group LLC lessened its stake in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,194 shares of the transportation company’s stock after selling 524 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Westinghouse Air Brake Technologies were worth $3,671,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of WAB. Garde Capital Inc. acquired a new position in Westinghouse Air Brake Technologies during the third quarter worth $110,000. Dorsey & Whitney Trust CO LLC bought a new position in Westinghouse Air Brake Technologies during the 4th quarter valued at about $204,000. Longboard Asset Management LP acquired a new position in Westinghouse Air Brake Technologies in the fourth quarter valued at about $252,000. Catalyst Funds Management Pty Ltd boosted its position in Westinghouse Air Brake Technologies by 200.0% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 1,800 shares of the transportation company’s stock valued at $341,000 after buying an additional 1,200 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Westinghouse Air Brake Technologies during the third quarter worth about $386,000. Institutional investors own 91.69% of the company’s stock.

Insider Activity at Westinghouse Air Brake Technologies

In other news, CEO Rafael Santana sold 886 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $182.34, for a total transaction of $161,553.24. Following the completion of the transaction, the chief executive officer now directly owns 176,295 shares in the company, valued at approximately $32,145,630.30. The trade was a 0.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Stephens reissued an “overweight” rating and issued a $220.00 target price on shares of Westinghouse Air Brake Technologies in a report on Thursday, February 13th. Bank of America raised their target price on 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. Finally, StockNews.com downgraded shares of Westinghouse Air Brake Technologies from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Westinghouse Air Brake Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $206.33.

Westinghouse Air Brake Technologies Trading Up 1.3 %

WAB stock opened at $186.03 on Thursday. The company has a quick ratio of 0.69, a current ratio of 1.30 and a debt-to-equity ratio of 0.34. Westinghouse Air Brake Technologies Co. has a twelve month low of $143.22 and a twelve month high of $210.88. The company has a market cap of $31.78 billion, a P/E ratio of 30.85, a PEG ratio of 1.50 and a beta of 1.31. The business has a fifty day moving average of $190.38 and a 200-day moving average of $191.55.

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

Westinghouse Air Brake Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were paid a dividend of $0.25 per share. The ex-dividend date was Friday, February 21st. This is a boost from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.54%. Westinghouse Air Brake Technologies’s payout ratio is 16.58%.

Westinghouse Air Brake Technologies Company 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.