Catalyst Funds Management Pty Ltd Has $341,000 Stock Holdings in Westinghouse Air Brake Technologies Co. (NYSE:WAB)

Catalyst Funds Management Pty Ltd grew its stake in Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 200.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,800 shares of the transportation company’s stock after purchasing an additional 1,200 shares during the period. Catalyst Funds Management Pty Ltd’s holdings in Westinghouse Air Brake Technologies were worth $341,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Garde Capital Inc. bought a new stake in Westinghouse Air Brake Technologies in the third quarter valued at $110,000. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Westinghouse Air Brake Technologies during the 4th quarter worth about $204,000. Camden National Bank acquired a new position in Westinghouse Air Brake Technologies in the third quarter valued at about $222,000. Longboard Asset Management LP bought a new stake in Westinghouse Air Brake Technologies during the fourth quarter worth about $252,000. Finally, Harvest Fund Management Co. Ltd increased its holdings in shares of Westinghouse Air Brake Technologies by 10.4% during 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 in the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Westinghouse Air Brake Technologies Stock Up 1.5 %

Shares of NYSE:WAB opened at $178.89 on Friday. The company has a 50 day moving average of $193.43 and a 200-day moving average of $189.79. Westinghouse Air Brake Technologies Co. has a one year low of $139.82 and a one year high of $210.88. The stock has a market cap of $30.56 billion, a price-to-earnings ratio of 29.67, a P/E/G ratio of 1.50 and a beta of 1.31. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.69.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its earnings results on Wednesday, February 12th. The transportation company reported $1.68 EPS 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, sell-side analysts forecast that Westinghouse Air Brake Technologies Co. will post 8.54 earnings per share for the current year.

Westinghouse Air Brake Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.00 dividend on an annualized basis and a yield of 0.56%. This is a boost from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is 16.58%.

Insider Transactions at Westinghouse Air Brake Technologies

In related news, CEO Rafael Santana sold 886 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were 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 owns 176,295 shares in the company, valued at approximately $32,145,630.30. The trade was a 0.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on WAB. Bank of America increased their price target on Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. StockNews.com lowered Westinghouse Air Brake Technologies from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, Stephens reissued an “overweight” rating and set a $220.00 price objective 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 given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $206.33.

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.