Westinghouse Air Brake Technologies Co. (NYSE:WAB) Shares Sold by Nicholas Company Inc.

Nicholas Company Inc. lowered its position in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 25.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,501 shares of the transportation company’s stock after selling 29,731 shares during the quarter. Nicholas Company Inc. owned approximately 0.05% of Westinghouse Air Brake Technologies worth $16,589,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. iA Global Asset Management Inc. raised its holdings in shares of 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 valued at $3,383,000 after acquiring an additional 3,288 shares during the last quarter. Longboard Asset Management LP acquired a new position in shares of Westinghouse Air Brake Technologies during the fourth quarter valued at approximately $252,000. BNP Paribas Financial Markets raised its holdings in shares of Westinghouse Air Brake Technologies by 5.2% during the third quarter. BNP Paribas Financial Markets now owns 278,729 shares of the transportation company’s stock valued at $50,665,000 after acquiring an additional 13,683 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Westinghouse Air Brake Technologies during the third quarter valued at approximately $7,128,000. Finally, Pacer Advisors Inc. raised its holdings in shares of Westinghouse Air Brake Technologies by 88.8% during the fourth quarter. Pacer Advisors Inc. now owns 31,811 shares of the transportation company’s stock valued at $6,031,000 after acquiring an additional 14,959 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Insider Transactions at Westinghouse Air Brake Technologies

In other news, CEO Rafael Santana sold 886 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $182.34, for a total transaction of $161,553.24. Following the completion of the transaction, the chief executive officer now directly owns 176,295 shares in the company, valued at $32,145,630.30. This trade represents a 0.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

WAB has been the subject of several recent research reports. Bank of America increased their price target on Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. StockNews.com cut Westinghouse Air Brake Technologies from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Finally, Stephens reaffirmed an “overweight” rating and issued a $220.00 price target on shares of Westinghouse Air Brake Technologies in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Westinghouse Air Brake Technologies currently has an average rating of “Moderate Buy” and an average target price of $206.33.

Westinghouse Air Brake Technologies Trading Up 1.5 %

Shares of Westinghouse Air Brake Technologies stock opened at $178.89 on Friday. The firm has a market capitalization of $30.56 billion, a price-to-earnings ratio of 29.67, a PEG ratio of 1.50 and a beta of 1.31. Westinghouse Air Brake Technologies Co. has a fifty-two week low of $139.82 and a fifty-two week high of $210.88. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.69 and a current ratio of 1.30. The stock has a 50 day moving average of $193.43 and a 200 day moving average of $189.79.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its quarterly earnings data on Wednesday, February 12th. The transportation company reported $1.68 earnings per share 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, research analysts predict that Westinghouse Air Brake Technologies Co. will post 8.54 earnings per share for the current year.

Westinghouse Air Brake Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were given a dividend of $0.25 per share. This is a positive change from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Friday, February 21st. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is currently 16.58%.

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.