Harvest Fund Management Co. Ltd Buys 2,087 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB)

Harvest Fund Management Co. Ltd grew its stake in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 114.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,907 shares of the transportation company’s stock after buying an additional 2,087 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Westinghouse Air Brake Technologies were worth $741,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WAB. Garde Capital Inc. bought a new position in Westinghouse Air Brake Technologies during the third quarter worth about $110,000. Dorsey & Whitney Trust CO LLC bought a new position in shares of Westinghouse Air Brake Technologies during the 4th quarter valued at about $204,000. Camden National Bank bought a new position in shares of Westinghouse Air Brake Technologies during the 3rd quarter valued at about $222,000. Longboard Asset Management LP bought a new position in shares of Westinghouse Air Brake Technologies during the 4th quarter valued at about $252,000. Finally, Catalyst Funds Management Pty Ltd lifted its holdings in shares of Westinghouse Air Brake Technologies by 200.0% during the 4th quarter. Catalyst Funds Management Pty Ltd now owns 1,800 shares of the transportation company’s stock valued at $341,000 after purchasing an additional 1,200 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

Analysts Set New Price Targets

WAB has been the topic of several recent analyst reports. Bank of America lifted their price objective 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. Stephens reiterated an “overweight” rating and set a $220.00 price objective on shares of Westinghouse Air Brake Technologies in a report on Thursday, February 13th. Finally, StockNews.com cut Westinghouse Air Brake Technologies from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Westinghouse Air Brake Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $206.33.

Insiders Place Their Bets

In other Westinghouse Air Brake Technologies news, CEO Rafael Santana sold 886 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 176,295 shares of the company’s stock, valued at $32,145,630.30. The trade was a 0.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.10% of the company’s stock.

Westinghouse Air Brake Technologies Trading Down 0.1 %

NYSE WAB opened at $185.45 on Friday. The stock has a market capitalization of $31.68 billion, a price-to-earnings ratio of 30.75, a PEG ratio of 1.50 and a beta of 1.31. The stock’s 50 day moving average price is $192.85 and its two-hundred day moving average price is $190.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.69 and a current ratio of 1.30. Westinghouse Air Brake Technologies Co. has a 52 week low of $141.85 and a 52 week high of $210.88.

Westinghouse Air Brake Technologies (NYSE:WAB) last released 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%. As a group, analysts anticipate that Westinghouse Air Brake Technologies Co. will post 8.54 earnings per share for the current fiscal year.

Westinghouse Air Brake Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders 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. The ex-dividend date was Friday, February 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.54%. Westinghouse Air Brake Technologies’s payout ratio is 16.58%.

About Westinghouse Air Brake Technologies

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.