Rhumbline Advisers Has $56.85 Million Stock Holdings in Westinghouse Air Brake Technologies Co. (NYSE:WAB)

Rhumbline Advisers increased its holdings in Westinghouse Air Brake Technologies Co. (NYSE:WAB - Free Report) by 3.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 313,459 shares of the transportation company's stock after buying an additional 9,041 shares during the quarter. Rhumbline Advisers owned about 0.18% of Westinghouse Air Brake Technologies worth $56,846,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in WAB. Greenleaf Trust lifted its position in Westinghouse Air Brake Technologies by 2.9% in the fourth quarter. Greenleaf Trust now owns 3,344 shares of the transportation company's stock worth $634,000 after purchasing an additional 94 shares during the period. Longboard Asset Management LP acquired a new stake in Westinghouse Air Brake Technologies in the fourth quarter worth approximately $252,000. Longbow Finance SA acquired a new stake in Westinghouse Air Brake Technologies in the fourth quarter worth approximately $4,312,000. Dorsey & Whitney Trust CO LLC acquired a new stake in Westinghouse Air Brake Technologies in the fourth quarter worth approximately $204,000. Finally, AGF Management Ltd. acquired a new stake in Westinghouse Air Brake Technologies in the fourth quarter worth approximately $10,566,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Westinghouse Air Brake Technologies Trading Up 1.1%

Shares of Westinghouse Air Brake Technologies stock traded up $2.19 during trading on Friday, hitting $206.36. The stock had a trading volume of 768,704 shares, compared to its average volume of 1,076,620. Westinghouse Air Brake Technologies Co. has a 1 year low of $147.66 and a 1 year high of $210.88. The stock has a 50 day simple moving average of $187.70 and a 200 day simple moving average of $191.59. 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 $35.31 billion, a PE ratio of 34.22, a P/E/G ratio of 1.50 and a beta of 1.12.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.28 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.25. Westinghouse Air Brake Technologies had a net margin of 10.17% and a return on equity of 12.78%. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same quarter last year, the business posted $1.89 EPS. The company's revenue was up 4.5% on a year-over-year basis. On average, research analysts expect that Westinghouse Air Brake Technologies Co. will post 8.54 EPS for the current fiscal year.

Westinghouse Air Brake Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Tuesday, May 27th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.48%. Westinghouse Air Brake Technologies's dividend payout ratio is 15.67%.

Analyst Ratings Changes

A number of research firms have weighed in on WAB. Susquehanna cut their target price on Westinghouse Air Brake Technologies from $218.00 to $210.00 and set a "positive" rating for the company in a research report on Thursday, April 24th. The Goldman Sachs Group restated a "neutral" rating and issued a $201.00 target price (up from $175.00) on shares of Westinghouse Air Brake Technologies in a research report on Wednesday, April 23rd. Stephens restated an "overweight" rating and issued a $220.00 target price on shares of Westinghouse Air Brake Technologies in a research report on Thursday, February 13th. Wall Street Zen upgraded Westinghouse Air Brake Technologies from a "hold" rating to a "buy" rating in a research report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. increased their price objective on Westinghouse Air Brake Technologies from $175.00 to $194.00 and gave the company a "neutral" rating in a research report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $211.83.

Insider Activity at Westinghouse Air Brake Technologies

In other news, CEO Rafael Santana sold 886 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $185.07, for a total value of $163,972.02. Following the completion of the sale, the chief executive officer now directly owns 201,558 shares of the company's stock, valued at $37,302,339.06. This represents a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Eric Gebhardt sold 6,151 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $202.39, for a total transaction of $1,244,900.89. Following the sale, the chief technology officer now owns 18,697 shares of the company's stock, valued at approximately $3,784,085.83. This represents a 24.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 98,289 shares of company stock valued at $18,950,281. Company insiders own 1.10% of the company's stock.

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.