Longbow Finance SA Acquires Shares of 22,745 Westinghouse Air Brake Technologies Co. (NYSE:WAB)

Longbow Finance SA bought a new position in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 22,745 shares of the transportation company’s stock, valued at approximately $4,312,000.

Other hedge funds have also added to or reduced their stakes in the company. Garde Capital Inc. bought a new position in shares of Westinghouse Air Brake Technologies in the third quarter valued at approximately $110,000. Camden National Bank purchased a new stake in shares of Westinghouse Air Brake Technologies in the third quarter valued at about $222,000. Longboard Asset Management LP bought a new position in shares of Westinghouse Air Brake Technologies during the fourth quarter valued at about $252,000. Harvest Fund Management Co. Ltd grew its position in Westinghouse Air Brake Technologies by 10.4% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,820 shares of the transportation company’s stock worth $331,000 after purchasing an additional 172 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Westinghouse Air Brake Technologies during the 3rd quarter worth approximately $386,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on WAB shares. Stephens reaffirmed an “overweight” rating and set a $220.00 price target on shares of Westinghouse Air Brake Technologies in a research report on Thursday, February 13th. KeyCorp lifted their target price on 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, Bank of America increased their price target on shares of 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. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $206.33.

Westinghouse Air Brake Technologies Stock Down 1.4 %

Westinghouse Air Brake Technologies stock opened at $181.98 on Tuesday. The firm has a market capitalization of $31.09 billion, a price-to-earnings ratio of 30.18, a P/E/G ratio of 1.50 and a beta of 1.27. The firm has a 50 day simple moving average of $196.96 and a 200 day simple moving average of $188.12. Westinghouse Air Brake Technologies Co. has a 1-year low of $136.64 and a 1-year high of $210.88. The company has a current ratio of 1.30, a quick ratio of 0.69 and a debt-to-equity ratio of 0.34.

Westinghouse Air Brake Technologies (NYSE:WAB) last announced its quarterly earnings results 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 net margin of 10.17% and a return on equity of 12.78%. On average, 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 will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.55%. This is an increase from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, February 21st. 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.