Pacer Advisors Inc. Purchases 14,959 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB)

Pacer Advisors Inc. grew its position in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 88.8% in the fourth quarter, Holdings Channel reports. The fund owned 31,811 shares of the transportation company’s stock after buying an additional 14,959 shares during the quarter. Pacer Advisors Inc.’s holdings in Westinghouse Air Brake Technologies were worth $6,031,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its position in Westinghouse Air Brake Technologies by 2.7% during 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 last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of Westinghouse Air Brake Technologies during the 3rd quarter valued at about $24,630,000. Garde Capital Inc. bought a new position in shares of Westinghouse Air Brake Technologies in the 3rd quarter valued at about $110,000. Wilmington Savings Fund Society FSB purchased a new position in Westinghouse Air Brake Technologies in the third quarter worth about $386,000. Finally, iA Global Asset Management Inc. increased its stake in Westinghouse Air Brake Technologies by 21.5% during the third quarter. iA Global Asset Management Inc. now owns 18,613 shares of the transportation company’s stock worth $3,383,000 after acquiring an additional 3,288 shares during the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

Westinghouse Air Brake Technologies Trading Up 1.0 %

Shares of WAB opened at $207.12 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.65. The firm has a market capitalization of $35.60 billion, a price-to-earnings ratio of 34.52, a PEG ratio of 1.33 and a beta of 1.27. The company has a 50-day moving average of $198.05 and a 200 day moving average of $183.14. Westinghouse Air Brake Technologies Co. has a 1-year low of $130.83 and a 1-year high of $209.92.

Insider Activity

In other news, CAO John A. Mastalerz, Jr. sold 2,796 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $199.71, for a total transaction of $558,389.16. Following the transaction, the chief accounting officer now owns 5,683 shares in the company, valued at approximately $1,134,951.93. This trade represents a 32.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on WAB shares. The Goldman Sachs Group raised their price objective on Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Susquehanna lifted their price objective on shares of Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the stock a “positive” rating in a research note on Monday, October 21st. Stephens increased their target price on shares of 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. Bank of America lifted their price target 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, KeyCorp increased 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 report on Wednesday, November 13th. Three 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 an average 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.