Hillsdale Investment Management Inc. Increases Stock Holdings in Westinghouse Air Brake Technologies Co. (NYSE:WAB)

Hillsdale Investment Management Inc. lifted its stake in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,400 shares of the transportation company’s stock after buying an additional 200 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Westinghouse Air Brake Technologies were worth $1,024,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of WAB. Harvest Fund Management Co. Ltd lifted its holdings in shares of Westinghouse Air Brake Technologies by 114.7% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 3,907 shares of the transportation company’s stock valued at $741,000 after purchasing an additional 2,087 shares during the last quarter. Cibc World Markets Corp lifted its stake in Westinghouse Air Brake Technologies by 14.4% in the fourth quarter. Cibc World Markets Corp now owns 27,266 shares of the transportation company’s stock valued at $5,169,000 after buying an additional 3,441 shares during the last quarter. Twin Tree Management LP grew its position in shares of Westinghouse Air Brake Technologies by 108.8% during the fourth quarter. Twin Tree Management LP now owns 2,960 shares of the transportation company’s stock worth $561,000 after acquiring an additional 36,435 shares during the last quarter. Catalyst Funds Management Pty Ltd increased its holdings in shares of Westinghouse Air Brake Technologies by 200.0% in the 4th quarter. Catalyst Funds Management Pty Ltd now owns 1,800 shares of the transportation company’s stock valued at $341,000 after acquiring an additional 1,200 shares during the period. Finally, AGF Management Ltd. purchased a new stake in Westinghouse Air Brake Technologies in the 4th quarter valued at $10,566,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Westinghouse Air Brake Technologies Stock Performance

NYSE WAB opened at $184.88 on Monday. The stock has a market capitalization of $31.59 billion, a price-to-earnings ratio of 30.66, a PEG ratio of 1.50 and a beta of 1.31. The business’s 50 day moving average is $192.77 and its two-hundred day moving average is $190.56. Westinghouse Air Brake Technologies Co. has a 12-month low of $141.85 and a 12-month 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 released its quarterly earnings data on Wednesday, February 12th. The transportation company reported $1.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.06). Westinghouse Air Brake Technologies had a return on equity of 12.78% and a net margin of 10.17%. Research analysts expect that Westinghouse Air Brake Technologies Co. will post 8.54 EPS for the current year.

Westinghouse Air Brake Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors 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 0.54%. This is an increase from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. Westinghouse Air Brake Technologies’s payout ratio is currently 16.58%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on WAB shares. StockNews.com downgraded shares of Westinghouse Air Brake Technologies from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Bank of America increased their price objective 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. Finally, Stephens reissued an “overweight” rating and issued a $220.00 target price on shares of Westinghouse Air Brake Technologies in a report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Westinghouse Air Brake Technologies has a consensus rating of “Moderate Buy” and an average target price of $206.33.

Insiders Place Their Bets

In other 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 sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by company insiders.

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.