Westinghouse Air Brake Technologies Co. (NYSE:WAB) Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC trimmed its holdings in Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 3.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 45,546 shares of the transportation company’s stock after selling 1,472 shares during the quarter. MetLife Investment Management LLC’s holdings in Westinghouse Air Brake Technologies were worth $8,279,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Westinghouse Air Brake Technologies in the 3rd quarter valued at about $7,128,000. BNP Paribas Financial Markets increased its holdings in shares of Westinghouse Air Brake Technologies by 5.2% in the third quarter. BNP Paribas Financial Markets now owns 278,729 shares of the transportation company’s stock valued at $50,665,000 after purchasing an additional 13,683 shares during the last quarter. Border to Coast Pensions Partnership Ltd lifted its position in Westinghouse Air Brake Technologies by 4.5% during the third quarter. Border to Coast Pensions Partnership Ltd now owns 201,011 shares of the transportation company’s stock worth $36,431,000 after buying an additional 8,575 shares in the last quarter. Rhumbline Advisers boosted its stake in Westinghouse Air Brake Technologies by 2.1% during the second quarter. Rhumbline Advisers now owns 335,483 shares of the transportation company’s stock worth $53,023,000 after buying an additional 7,012 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in Westinghouse Air Brake Technologies by 12.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 22,357 shares of the transportation company’s stock valued at $3,534,000 after buying an additional 2,457 shares in the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. KeyCorp boosted their price target on shares of Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. The Goldman Sachs Group upped their price target on Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Susquehanna boosted their price objective on shares of Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the company a “positive” rating in a report on Monday, October 21st. Finally, Stephens boosted 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 research note on Thursday, October 24th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Westinghouse Air Brake Technologies has an average rating of “Moderate Buy” and an average price target of $175.30.

Insider Buying and Selling at Westinghouse Air Brake Technologies

In other news, CAO John A. Mastalerz, Jr. sold 2,796 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $199.71, for a total transaction of $558,389.16. Following the completion of the transaction, the chief accounting officer now directly owns 5,683 shares of the company’s stock, valued at approximately $1,134,951.93. This represents a 32.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP David L. Deninno sold 875 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $188.70, for a total value of $165,112.50. Following the completion of the transaction, the vice president now owns 55,352 shares in the company, valued at approximately $10,444,922.40. The trade was a 1.56 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,393 shares of company stock valued at $9,350,243. Insiders own 1.10% of the company’s stock.

Westinghouse Air Brake Technologies Stock Down 0.8 %

Shares of NYSE WAB opened at $200.04 on Friday. The stock has a market cap of $34.38 billion, a P/E ratio of 33.34, a PEG ratio of 1.45 and a beta of 1.27. The business’s fifty day simple moving average is $189.71 and its 200-day simple moving average is $172.33. Westinghouse Air Brake Technologies Co. has a 12-month low of $114.45 and a 12-month high of $203.04. 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 (NYSE:WAB) last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.13. Westinghouse Air Brake Technologies had a return on equity of 12.52% and a net margin of 10.25%. The company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same quarter last year, the company earned $1.70 EPS. Westinghouse Air Brake Technologies’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities analysts predict that Westinghouse Air Brake Technologies Co. will post 7.61 EPS for the current fiscal year.

Westinghouse Air Brake Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.40%. The ex-dividend date was Wednesday, November 13th. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is presently 13.33%.

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.