Forsta AP Fonden Sells 900 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB)

Forsta AP Fonden decreased its holdings in Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,700 shares of the transportation company’s stock after selling 900 shares during the quarter. Forsta AP Fonden’s holdings in Westinghouse Air Brake Technologies were worth $9,423,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Pinnacle Bancorp Inc. boosted its stake in shares of Westinghouse Air Brake Technologies by 55.0% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 155 shares of the transportation company’s stock worth $28,000 after acquiring an additional 55 shares during the last quarter. Bridges Investment Management Inc. increased its position in Westinghouse Air Brake Technologies by 3.4% in the third quarter. Bridges Investment Management Inc. now owns 2,357 shares of the transportation company’s stock worth $428,000 after buying an additional 77 shares in the last quarter. Harvest Fund Management Co. Ltd raised its stake in shares of Westinghouse Air Brake Technologies by 10.4% in the third quarter. Harvest Fund Management Co. Ltd now owns 1,820 shares of the transportation company’s stock worth $331,000 after buying an additional 172 shares during the period. Eastern Bank bought a new position in shares of Westinghouse Air Brake Technologies during the 3rd quarter valued at approximately $33,000. Finally, UMB Bank n.a. increased its holdings in Westinghouse Air Brake Technologies by 4.4% in the 3rd quarter. UMB Bank n.a. now owns 4,910 shares of the transportation company’s stock worth $892,000 after acquiring an additional 209 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on WAB shares. Stephens lifted their price target on shares of Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Susquehanna upped their price target on shares of Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the company a “positive” rating in a research note on Monday, October 21st. Bank of America lifted their target price on Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. KeyCorp raised 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 note on Wednesday, November 13th. Finally, The Goldman Sachs Group upped their price target on shares of Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $188.50.

Westinghouse Air Brake Technologies Price Performance

Westinghouse Air Brake Technologies stock opened at $209.95 on Friday. The company has a current ratio of 1.30, a quick ratio of 0.65 and a debt-to-equity ratio of 0.34. Westinghouse Air Brake Technologies Co. has a 12-month low of $131.31 and a 12-month high of $210.88. The stock has a market cap of $36.09 billion, a P/E ratio of 34.99, a price-to-earnings-growth ratio of 1.33 and a beta of 1.27. The company has a fifty day simple moving average of $198.29 and a 200-day simple moving average of $183.32.

Insider Activity at Westinghouse Air Brake Technologies

In other Westinghouse Air Brake Technologies news, CAO John A. Mastalerz, Jr. sold 2,796 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $199.71, for a total value of $558,389.16. Following the transaction, the chief accounting officer now directly owns 5,683 shares in the company, valued at approximately $1,134,951.93. This represents a 32.98 % 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.

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.