Border to Coast Pensions Partnership Ltd Boosts Holdings in Westinghouse Air Brake Technologies Co. (NYSE:WAB)

Border to Coast Pensions Partnership Ltd grew its position in Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 4.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 201,011 shares of the transportation company’s stock after purchasing an additional 8,575 shares during the period. Border to Coast Pensions Partnership Ltd’s holdings in Westinghouse Air Brake Technologies were worth $36,431,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WAB. BNP Paribas Financial Markets increased its position in Westinghouse Air Brake Technologies by 107.8% during the 1st quarter. BNP Paribas Financial Markets now owns 170,248 shares of the transportation company’s stock valued at $24,802,000 after buying an additional 88,325 shares in the last quarter. Forsta AP Fonden increased its holdings in shares of Westinghouse Air Brake Technologies by 64.5% during the first quarter. Forsta AP Fonden now owns 53,300 shares of the transportation company’s stock valued at $7,765,000 after acquiring an additional 20,900 shares in the last quarter. Plato Investment Management Ltd raised its position in shares of Westinghouse Air Brake Technologies by 59,168.4% in the 1st quarter. Plato Investment Management Ltd now owns 11,261 shares of the transportation company’s stock valued at $1,641,000 after purchasing an additional 11,242 shares during the last quarter. Rhumbline Advisers boosted its stake in Westinghouse Air Brake Technologies by 2.1% in the 2nd quarter. Rhumbline Advisers now owns 335,483 shares of the transportation company’s stock worth $53,023,000 after purchasing an additional 7,012 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Westinghouse Air Brake Technologies by 12.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 22,357 shares of the transportation company’s stock worth $3,534,000 after purchasing an additional 2,457 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Insider Transactions at Westinghouse Air Brake Technologies

In related news, insider Alicia Hammersmith sold 4,169 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $165.54, for a total value of $690,136.26. Following the sale, the insider now directly owns 5,606 shares in the company, valued at approximately $928,017.24. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CTO Eric Gebhardt sold 7,422 shares of Westinghouse Air Brake Technologies stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $156.32, for a total value of $1,160,207.04. Following the completion of the sale, the chief technology officer now owns 22,411 shares in the company, valued at approximately $3,503,287.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alicia Hammersmith sold 4,169 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $165.54, for a total value of $690,136.26. Following the transaction, the insider now directly owns 5,606 shares in the company, valued at approximately $928,017.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,392 shares of company stock worth $2,754,390. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on WAB shares. Susquehanna raised their target price on Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the stock a “positive” rating in a research note on Monday. Bank of America raised their price objective on Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Westinghouse Air Brake Technologies presently has an average rating of “Moderate Buy” and an average target price of $166.90.

Westinghouse Air Brake Technologies Price Performance

Shares of Westinghouse Air Brake Technologies stock traded down $0.40 on Monday, hitting $190.75. The company’s stock had a trading volume of 519,550 shares, compared to its average volume of 1,081,710. Westinghouse Air Brake Technologies Co. has a 1 year low of $98.70 and a 1 year high of $192.48. The company has a market capitalization of $33.42 billion, a price-to-earnings ratio of 33.57, a price-to-earnings-growth ratio of 1.59 and a beta of 1.27. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.73 and a current ratio of 1.38. The firm has a fifty day moving average price of $172.75 and a 200-day moving average price of $164.53.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its earnings results on Wednesday, July 24th. The transportation company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.08. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Westinghouse Air Brake Technologies had a net margin of 9.94% and a return on equity of 12.05%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.41 earnings per share. As a group, sell-side analysts anticipate that Westinghouse Air Brake Technologies Co. will post 7.46 earnings per share for the current fiscal year.

Westinghouse Air Brake Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Wednesday, November 13th. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is presently 14.04%.

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.