DnB Asset Management AS Has $9.12 Million Stake in Westinghouse Air Brake Technologies Co. (NYSE:WAB)

DnB Asset Management AS boosted its holdings in Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 48,101 shares of the transportation company’s stock after acquiring an additional 414 shares during the quarter. DnB Asset Management AS’s holdings in Westinghouse Air Brake Technologies were worth $9,119,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Erste Asset Management GmbH bought a new stake in Westinghouse Air Brake Technologies during the 3rd quarter worth approximately $61,474,000. Lord Abbett & CO. LLC purchased a new position in shares of Westinghouse Air Brake Technologies during the third quarter valued at approximately $24,630,000. KLP Kapitalforvaltning AS bought a new stake in Westinghouse Air Brake Technologies during the fourth quarter worth $22,509,000. AGF Management Ltd. purchased a new stake in Westinghouse Air Brake Technologies in the 4th quarter valued at $10,566,000. Finally, Twin Tree Management LP lifted its stake in Westinghouse Air Brake Technologies by 108.8% during the 4th quarter. Twin Tree Management LP now owns 2,960 shares of the transportation company’s stock valued at $561,000 after acquiring an additional 36,435 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Bank of America upped their target price on shares of Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. StockNews.com lowered shares of Westinghouse Air Brake Technologies from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, Stephens restated an “overweight” rating and issued a $220.00 target price on shares of Westinghouse Air Brake Technologies in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Westinghouse Air Brake Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $206.33.

Insider Transactions at Westinghouse Air Brake Technologies

In related news, CEO Rafael Santana sold 886 shares of Westinghouse Air Brake Technologies stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $182.34, for a total value of $161,553.24. Following the completion of the transaction, the chief executive officer now directly owns 176,295 shares in the company, valued at approximately $32,145,630.30. The trade was a 0.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Westinghouse Air Brake Technologies Stock Down 2.9 %

Westinghouse Air Brake Technologies stock opened at $181.52 on Friday. The company has a quick ratio of 0.69, a current ratio of 1.30 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $31.01 billion, a P/E ratio of 30.10, a P/E/G ratio of 1.50 and a beta of 1.31. The firm has a 50 day moving average price of $191.63 and a 200-day moving average price of $191.20. Westinghouse Air Brake Technologies Co. has a twelve month low of $143.22 and a twelve month 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. As a group, equities analysts predict that Westinghouse Air Brake Technologies Co. will post 8.54 EPS for the current year.

Westinghouse Air Brake Technologies Increases Dividend

The firm also recently announced 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 represents a $1.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Friday, February 21st. This is a positive change from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is currently 16.58%.

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.