Private Capital Group LLC Boosts Position in Westinghouse Air Brake Technologies Corp (WAB)

Private Capital Group LLC raised its holdings in Westinghouse Air Brake Technologies Corp (NYSE:WAB) by 74.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,964 shares of the transportation company’s stock after purchasing an additional 841 shares during the quarter. Private Capital Group LLC’s holdings in Westinghouse Air Brake Technologies were worth $145,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of WAB. Canada Pension Plan Investment Board grew its stake in Westinghouse Air Brake Technologies by 32.9% during the 4th quarter. Canada Pension Plan Investment Board now owns 407,310 shares of the transportation company’s stock worth $28,611,000 after purchasing an additional 100,900 shares in the last quarter. Rhumbline Advisers lifted its holdings in Westinghouse Air Brake Technologies by 43.8% during the 4th quarter. Rhumbline Advisers now owns 224,625 shares of the transportation company’s stock worth $15,780,000 after buying an additional 68,390 shares during the last quarter. Thompson Investment Management Inc. purchased a new stake in Westinghouse Air Brake Technologies during the 1st quarter worth about $379,000. O Brien Greene & Co. Inc purchased a new stake in Westinghouse Air Brake Technologies during the 4th quarter worth about $309,000. Finally, Piedmont Investment Advisors Inc. lifted its holdings in Westinghouse Air Brake Technologies by 100.2% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 4,526 shares of the transportation company’s stock worth $318,000 after buying an additional 2,265 shares during the last quarter. Institutional investors own 99.51% of the company’s stock.

In other Westinghouse Air Brake Technologies news, Director Linda S. Harty sold 3,000 shares of the stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $75.68, for a total transaction of $227,040.00. Following the sale, the director now owns 6,054 shares in the company, valued at approximately $458,166.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Albert J. Neupaver bought 10,000 shares of the stock in a transaction on Tuesday, May 21st. The shares were bought at an average price of $65.26 per share, for a total transaction of $652,600.00. Following the acquisition, the director now owns 668,418 shares in the company, valued at approximately $43,620,958.68. The disclosure for this purchase can be found here. Corporate insiders own 6.56% of the company’s stock.

A number of analysts have issued reports on WAB shares. Stephens set a $92.00 price target on Westinghouse Air Brake Technologies and gave the stock a “buy” rating in a report on Tuesday, February 26th. Seaport Global Securities reissued a “buy” rating on shares of Westinghouse Air Brake Technologies in a report on Monday, January 28th. Buckingham Research reduced their target price on Westinghouse Air Brake Technologies from $94.00 to $93.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Wells Fargo & Co set a $95.00 target price on Westinghouse Air Brake Technologies and gave the company a “buy” rating in a report on Friday, April 26th. Finally, Stifel Nicolaus set a $96.00 target price on Westinghouse Air Brake Technologies and gave the company a “buy” rating in a report on Friday, April 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $94.10.

NYSE WAB traded up $0.68 on Wednesday, hitting $65.34. 2,094,761 shares of the company’s stock were exchanged, compared to its average volume of 2,279,158. The company has a current ratio of 1.35, a quick ratio of 0.75 and a debt-to-equity ratio of 0.47. Westinghouse Air Brake Technologies Corp has a fifty-two week low of $64.01 and a fifty-two week high of $115.40. The stock has a market capitalization of $10.53 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 1.26 and a beta of 1.29.

Westinghouse Air Brake Technologies (NYSE:WAB) last released its quarterly earnings results on Thursday, April 25th. The transportation company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.26. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Westinghouse Air Brake Technologies had a return on equity of 9.11% and a net margin of 4.12%. The company’s revenue was up 50.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 EPS. Equities analysts forecast that Westinghouse Air Brake Technologies Corp will post 4.19 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Thursday, May 9th. Westinghouse Air Brake Technologies’s dividend payout ratio is currently 12.60%.

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Westinghouse Air Brake Technologies Company Profile

Wabtec Corporation provides technology-based equipment, systems, and services for the freight rail and passenger transit vehicle industries worldwide. The company's Freight segment manufactures and services components for new and existing freight cars and locomotives; builds new switcher locomotives; rebuilds freight locomotives; supplies railway electronics, positive train control equipment, signal design, and engineering services; and provides related heat exchange and cooling systems.

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Institutional Ownership by Quarter for Westinghouse Air Brake Technologies (NYSE:WAB)

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