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

DnB Asset Management AS boosted its position in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,101 shares of the transportation company’s stock after buying an additional 414 shares during the period. DnB Asset Management AS’s holdings in Westinghouse Air Brake Technologies were worth $9,119,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of WAB. Erste Asset Management GmbH acquired a new stake in shares of Westinghouse Air Brake Technologies during the 3rd quarter worth approximately $61,474,000. iA Global Asset Management Inc. lifted its stake in Westinghouse Air Brake Technologies by 21.5% during the third quarter. iA Global Asset Management Inc. now owns 18,613 shares of the transportation company’s stock worth $3,383,000 after purchasing an additional 3,288 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Westinghouse Air Brake Technologies in the 3rd quarter valued at $386,000. Garde Capital Inc. bought a new position in shares of Westinghouse Air Brake Technologies in the 3rd quarter valued at $110,000. Finally, Lord Abbett & CO. LLC acquired a new position in shares of Westinghouse Air Brake Technologies during the 3rd quarter worth $24,630,000. 91.69% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Rafael Santana sold 886 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were 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 in the company, valued at $32,145,630.30. The trade was a 0.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.

Westinghouse Air Brake Technologies Stock Performance

NYSE:WAB opened at $181.52 on Friday. 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 fifty-two week low of $143.22 and a fifty-two week high of $210.88. The company has a 50 day simple moving average of $191.63 and a two-hundred day simple moving average of $191.20. The company has a market capitalization of $31.01 billion, a PE ratio of 30.10, a P/E/G ratio of 1.50 and a beta of 1.31.

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 return on equity of 12.78% and a net margin of 10.17%. Research analysts anticipate that Westinghouse Air Brake Technologies Co. will post 8.54 earnings per share for the current year.

Westinghouse Air Brake Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders 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 annualized dividend and a yield of 0.55%. Westinghouse Air Brake Technologies’s payout ratio is 16.58%.

Analysts Set New Price Targets

A number of research firms recently issued reports on WAB. Bank of America upped their price objective on shares of 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. StockNews.com cut 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 set a $220.00 price objective on shares of Westinghouse Air Brake Technologies in a research report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus 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.