WASHINGTON TRUST Co Acquires 1,862 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB)


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WASHINGTON TRUST Co lifted its position in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 1.5% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 130,264 shares of the transportation company’s stock after buying an additional 1,862 shares during the quarter. WASHINGTON TRUST Co owned approximately 0.07% of Westinghouse Air Brake Technologies worth $10,312,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Private Capital Group LLC lifted its stake in shares of Westinghouse Air Brake Technologies by 21.5% during the 1st quarter. Private Capital Group LLC now owns 2,160 shares of the transportation company’s stock valued at $171,000 after buying an additional 382 shares in the last quarter. Thompson Investment Management Inc. grew its holdings in Westinghouse Air Brake Technologies by 1.8% during the 1st quarter. Thompson Investment Management Inc. now owns 57,236 shares of the transportation company’s stock valued at $4,531,000 after purchasing an additional 1,032 shares during the last quarter. Vantage Consulting Group Inc bought a new position in Westinghouse Air Brake Technologies in the 4th quarter worth about $39,000. Beddow Capital Management Inc. grew its stake in Westinghouse Air Brake Technologies by 13.4% in the 4th quarter. Beddow Capital Management Inc. now owns 57,670 shares of the transportation company’s stock worth $4,221,000 after acquiring an additional 6,800 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Westinghouse Air Brake Technologies by 2.6% in the 4th quarter. Rhumbline Advisers now owns 298,139 shares of the transportation company’s stock worth $21,824,000 after purchasing an additional 7,482 shares during the period. Institutional investors own 88.10% of the company’s stock.

NYSE WAB opened at $80.98 on Tuesday. The company has a fifty day simple moving average of $79.81 and a two-hundred day simple moving average of $75.02. The stock has a market cap of $15.33 billion, a P/E ratio of 36.31, a P/E/G ratio of 5.61 and a beta of 1.53. Westinghouse Air Brake Technologies Co. has a 12-month low of $48.75 and a 12-month high of $86.81. The company has a current ratio of 1.14, a quick ratio of 0.62 and a debt-to-equity ratio of 0.38.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its quarterly earnings results on Wednesday, April 28th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.03. Westinghouse Air Brake Technologies had a net margin of 5.29% and a return on equity of 7.60%. As a group, sell-side analysts forecast that Westinghouse Air Brake Technologies Co. will post 3.78 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 21st. Investors of record on Friday, May 7th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, May 6th. This represents a $0.48 annualized dividend and a yield of 0.59%. Westinghouse Air Brake Technologies’s dividend payout ratio is presently 11.51%.

In other news, Director Erwan Faiveley sold 13,127 shares of the firm’s stock in a transaction dated Monday, February 22nd. The shares were sold at an average price of $75.46, for a total value of $990,563.42. Following the transaction, the director now directly owns 7,864 shares of the company’s stock, valued at $593,417.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 5.35% of the stock is owned by company insiders.

Several equities research analysts have recently weighed in on WAB shares. Cowen reaffirmed a “buy” rating on shares of Westinghouse Air Brake Technologies in a research report on Thursday, March 4th. Wolfe Research raised shares of Westinghouse Air Brake Technologies from an “underperform” rating to a “peer perform” rating in a research report on Friday, February 19th. Citigroup upped their price target on shares of Westinghouse Air Brake Technologies from $65.00 to $80.00 in a research report on Friday, January 29th. KeyCorp upped their price target on shares of Westinghouse Air Brake Technologies from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, January 14th. Finally, Morgan Stanley decreased their target price on shares of Westinghouse Air Brake Technologies from $97.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, February 25th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $79.71.

Westinghouse Air Brake Technologies Profile

Westinghouse Air Brake Technologies Corporation provides technology-based equipment, systems, and services for the freight rail and passenger transit vehicle industries worldwide. It operates through two segments, Freight and Transit. The Freight segment manufactures and services components for new and existing freight cars and locomotives; builds new commuter locomotives; rebuilds freight locomotives; supplies railway electronics, positive train control equipment, signal design, and engineering services; and provides related heat exchange and cooling systems.

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Institutional Ownership by Quarter for Westinghouse Air Brake Technologies (NYSE:WAB)

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