Twin Capital Management Inc. Increases Position in Westinghouse Air Brake Technologies Co. (NYSE:WAB)

Twin Capital Management Inc. lifted its position in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,832 shares of the transportation company’s stock after purchasing an additional 647 shares during the period. Twin Capital Management Inc.’s holdings in Westinghouse Air Brake Technologies were worth $3,002,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. iA Global Asset Management Inc. boosted its position in shares of Westinghouse Air Brake Technologies by 21.5% during the 3rd 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 in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Westinghouse Air Brake Technologies in the third quarter valued at approximately $386,000. Garde Capital Inc. purchased a new stake in shares of Westinghouse Air Brake Technologies during the 3rd quarter worth approximately $110,000. Lord Abbett & CO. LLC purchased a new position in shares of Westinghouse Air Brake Technologies in the 3rd quarter valued at $24,630,000. Finally, Nisa Investment Advisors LLC boosted its stake in 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 acquiring an additional 532 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Insider Buying and Selling at Westinghouse Air Brake Technologies

In other Westinghouse Air Brake Technologies news, CEO Rafael Santana sold 886 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $182.34, for a total value of $161,553.24. Following the transaction, the chief executive officer now directly owns 176,295 shares in the company, valued at approximately $32,145,630.30. This represents a 0.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on WAB shares. Stephens restated an “overweight” rating and set a $220.00 price target on shares of Westinghouse Air Brake Technologies in a research note on Thursday, February 13th. StockNews.com cut shares of Westinghouse Air Brake Technologies from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Finally, Bank of America boosted 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. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $206.33.

Westinghouse Air Brake Technologies Price Performance

Westinghouse Air Brake Technologies stock opened at $160.91 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.69 and a current ratio of 1.30. Westinghouse Air Brake Technologies Co. has a one year low of $143.22 and a one year high of $210.88. The business has a fifty day moving average of $188.71 and a two-hundred day moving average of $191.61. The company has a market cap of $27.49 billion, a P/E ratio of 26.69, a price-to-earnings-growth ratio of 1.50 and a beta of 1.14.

Westinghouse Air Brake Technologies (NYSE:WAB) last announced its quarterly earnings results on Wednesday, February 12th. The transportation company reported $1.68 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%. As a group, analysts predict that Westinghouse Air Brake Technologies Co. will post 8.54 earnings per share for the current fiscal year.

Westinghouse Air Brake Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.00 dividend on an annualized basis and a yield of 0.62%. This is a positive change from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. Westinghouse Air Brake Technologies’s dividend payout ratio is presently 16.58%.

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.