Westinghouse Air Brake Technologies Co. (NYSE:WAB) Shares Sold by First Hawaiian Bank

First Hawaiian Bank trimmed its holdings in Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 2.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,621 shares of the transportation company’s stock after selling 78 shares during the quarter. First Hawaiian Bank’s holdings in Westinghouse Air Brake Technologies were worth $572,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Plato Investment Management Ltd increased its holdings in shares of Westinghouse Air Brake Technologies by 59,168.4% in the first 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 period. Silvercrest Asset Management Group LLC increased its holdings in shares of Westinghouse Air Brake Technologies by 17.4% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 7,727 shares of the transportation company’s stock valued at $1,126,000 after purchasing an additional 1,146 shares in the last quarter. Dorsey & Whitney Trust CO LLC purchased a new stake in Westinghouse Air Brake Technologies during the first quarter worth about $204,000. Forsta AP Fonden increased its holdings in Westinghouse Air Brake Technologies by 64.5% in the first quarter. Forsta AP Fonden now owns 53,300 shares of the transportation company’s stock valued at $7,765,000 after buying an additional 20,900 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of 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 worth $24,802,000 after acquiring an additional 88,325 shares in the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

Westinghouse Air Brake Technologies Price Performance

Shares of WAB traded down $3.13 during trading hours on Monday, hitting $150.01. The stock had a trading volume of 1,345,870 shares, compared to its average volume of 1,093,314. Westinghouse Air Brake Technologies Co. has a 52 week low of $98.70 and a 52 week high of $170.83. The stock has a market capitalization of $26.46 billion, a price-to-earnings ratio of 29.91, a P/E/G ratio of 1.28 and a beta of 1.29. The company’s fifty day moving average is $162.21 and its two-hundred day moving average is $151.91. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.38 and a quick ratio of 0.73.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its earnings results on Wednesday, July 24th. The transportation company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.88 by $0.08. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.41 EPS. On average, analysts anticipate that Westinghouse Air Brake Technologies Co. will post 7.42 EPS for the current year.

Westinghouse Air Brake Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Wednesday, August 14th. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is currently 15.63%.

Insider Buying and Selling at Westinghouse Air Brake Technologies

In other news, Director Brian Hehir sold 1,000 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $161.62, for a total transaction of $161,620.00. Following the transaction, the director now owns 23,230 shares in the company, valued at $3,754,432.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Westinghouse Air Brake Technologies news, EVP Gregory Sbrocco sold 1,646 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $167.30, for a total transaction of $275,375.80. Following the sale, the executive vice president now directly owns 16,666 shares in the company, valued at $2,788,221.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Brian Hehir sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $161.62, for a total transaction of $161,620.00. Following the completion of the transaction, the director now directly owns 23,230 shares in the company, valued at $3,754,432.60. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

WAB has been the subject of a number of recent research reports. KeyCorp lifted their price target on shares of Westinghouse Air Brake Technologies from $155.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Susquehanna boosted their price objective on shares of Westinghouse Air Brake Technologies from $160.00 to $190.00 and gave the company a “positive” rating in a research report on Thursday, April 25th. The Goldman Sachs Group raised their target price on shares of Westinghouse Air Brake Technologies from $160.00 to $181.00 and gave the stock a “neutral” rating in a report on Tuesday, June 4th. TD Cowen upped their target price on Westinghouse Air Brake Technologies from $130.00 to $147.00 and gave the company a “hold” rating in a report on Thursday, April 25th. Finally, Stephens raised their price target on Westinghouse Air Brake Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $163.90.

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.