New York State Common Retirement Fund Sells 6,468 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB)

New York State Common Retirement Fund cut its stake in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,563 shares of the transportation company’s stock after selling 6,468 shares during the period. New York State Common Retirement Fund’s holdings in Westinghouse Air Brake Technologies were worth $23,237,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of WAB. Erste Asset Management GmbH bought a new stake in shares of Westinghouse Air Brake Technologies during the 3rd quarter worth $61,474,000. Lord Abbett & CO. LLC bought a new stake in shares of Westinghouse Air Brake Technologies during the 3rd quarter worth $24,630,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Westinghouse Air Brake Technologies during the 3rd quarter worth $7,128,000. Pacer Advisors Inc. raised its stake in shares of Westinghouse Air Brake Technologies by 88.8% during the 4th quarter. Pacer Advisors Inc. now owns 31,811 shares of the transportation company’s stock worth $6,031,000 after purchasing an additional 14,959 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in shares of Westinghouse Air Brake Technologies by 5.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 278,729 shares of the transportation company’s stock worth $50,665,000 after purchasing an additional 13,683 shares during the period. 91.69% of the stock is currently owned by institutional investors.

Westinghouse Air Brake Technologies Stock Down 4.0 %

WAB stock opened at $184.40 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 firm has a market capitalization of $31.50 billion, a PE ratio of 30.58, a PEG ratio of 1.51 and a beta of 1.27. Westinghouse Air Brake Technologies Co. has a twelve month low of $135.86 and a twelve month high of $210.88. The stock has a 50-day simple moving average of $197.36 and a two-hundred day simple moving average of $187.43.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its earnings results on Wednesday, February 12th. The transportation company reported $1.68 earnings per share for the quarter, missing analysts’ consensus estimates 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, equities analysts predict that Westinghouse Air Brake Technologies Co. will post 8.54 EPS for the current fiscal year.

Westinghouse Air Brake Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is 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 payout ratio is presently 16.58%.

Wall Street Analyst Weigh In

WAB has been the topic of a number of recent analyst reports. KeyCorp lifted their target price on Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Bank of America lifted their target price on 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. Finally, Stephens restated an “overweight” rating and issued a $220.00 price objective on shares of Westinghouse Air Brake Technologies in a research note on Thursday, February 13th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Westinghouse Air Brake Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $206.33.

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.