Westinghouse Air Brake Technologies Co. (NYSE:WAB) Shares Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd raised its holdings in Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 114.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,907 shares of the transportation company’s stock after acquiring an additional 2,087 shares during the quarter. 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 institutional investors and hedge funds also recently bought and sold shares of WAB. Erste Asset Management GmbH acquired a new position in shares of Westinghouse Air Brake Technologies in the 3rd quarter valued at about $61,474,000. Lord Abbett & CO. LLC acquired a new position in Westinghouse Air Brake Technologies in the third quarter worth approximately $24,630,000. AGF Management Ltd. acquired a new position in Westinghouse Air Brake Technologies in the fourth quarter worth approximately $10,566,000. Twin Tree Management LP increased its holdings in Westinghouse Air Brake Technologies by 108.8% in the fourth quarter. Twin Tree Management LP now owns 2,960 shares of the transportation company’s stock worth $561,000 after buying an additional 36,435 shares during the last quarter. Finally, Longbow Finance SA acquired a new position in Westinghouse Air Brake Technologies in the fourth quarter worth approximately $4,312,000. 91.69% of the stock is owned by institutional investors and hedge funds.

Westinghouse Air Brake Technologies Stock Down 0.1 %

Shares of NYSE WAB opened at $185.45 on Friday. The stock has a market cap of $31.68 billion, a PE ratio of 30.75, a PEG ratio of 1.50 and a beta of 1.31. The business has a fifty day moving average of $192.85 and a two-hundred day moving average of $190.08. Westinghouse Air Brake Technologies Co. has a 52-week low of $141.85 and a 52-week high of $210.88. 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 (NYSE:WAB) last announced 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%. As a group, equities research analysts expect 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 firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were paid a $0.25 dividend. 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.54%. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is 16.58%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on WAB shares. 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 report on Wednesday, January 15th. StockNews.com downgraded Westinghouse Air Brake Technologies from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Finally, Stephens reiterated an “overweight” rating and set a $220.00 price target 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, Westinghouse Air Brake Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $206.33.

Insider Buying and Selling

In related news, CEO Rafael Santana sold 886 shares of Westinghouse Air Brake Technologies stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $182.34, for a total value of $161,553.24. Following the completion of the sale, the chief executive officer now directly owns 176,295 shares in the company, valued at $32,145,630.30. This trade represents 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 the SEC website. Corporate insiders own 1.10% of the company’s stock.

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.