Jump Financial LLC Has $4.82 Million Stock Position in Westinghouse Air Brake Technologies Co. (NYSE:WAB)

Jump Financial LLC cut its stake in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB - Free Report) by 26.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,397 shares of the transportation company's stock after selling 8,925 shares during the period. Jump Financial LLC's holdings in Westinghouse Air Brake Technologies were worth $4,815,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of Westinghouse Air Brake Technologies in the third quarter worth $386,000. Garde Capital Inc. acquired a new stake in shares of Westinghouse Air Brake Technologies during the 3rd quarter valued at about $110,000. Lord Abbett & CO. LLC acquired a new position in Westinghouse Air Brake Technologies in the third quarter worth approximately $24,630,000. Nisa Investment Advisors LLC grew its position in Westinghouse Air Brake Technologies by 2.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 20,459 shares of the transportation company's stock worth $3,879,000 after acquiring an additional 532 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings 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 valued at $6,031,000 after purchasing an additional 14,959 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company's stock.

Westinghouse Air Brake Technologies Trading Up 2.5 %

Shares of WAB stock traded up $4.13 on Tuesday, reaching $171.19. The company had a trading volume of 183,918 shares, compared to its average volume of 1,117,394. The company has a 50-day moving average of $179.24 and a 200-day moving average of $190.46. Westinghouse Air Brake Technologies Co. has a 12 month low of $143.22 and a 12 month high of $210.88. The stock has a market cap of $29.27 billion, a PE ratio of 28.39, a PEG ratio of 1.50 and a beta of 1.14. The company has a current ratio of 1.30, a quick ratio of 0.69 and a debt-to-equity ratio of 0.34.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last posted its earnings results on Wednesday, February 12th. The transportation company reported $1.68 earnings per share for the quarter, missing the consensus estimate 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%. On average, equities analysts forecast that Westinghouse Air Brake Technologies Co. will post 8.54 earnings per share for the current year.

Westinghouse Air Brake Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.58%. This is a positive change from Westinghouse Air Brake Technologies's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, February 21st. Westinghouse Air Brake Technologies's dividend payout ratio (DPR) is presently 16.58%.

Insider Buying and Selling

In other Westinghouse Air Brake Technologies news, CEO Rafael Santana sold 886 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $182.34, for a total transaction of $161,553.24. Following the completion of the transaction, the chief executive officer now owns 176,295 shares of the company's stock, valued at $32,145,630.30. This represents a 0.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.10% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on WAB shares. Bank of America boosted their target price 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. Stephens reissued an "overweight" rating and issued a $220.00 price target on shares of Westinghouse Air Brake Technologies in a report on Thursday, February 13th. JPMorgan Chase & Co. started coverage on Westinghouse Air Brake Technologies in a research note on Thursday, April 10th. They issued a "neutral" rating and a $175.00 price objective on the stock. Finally, StockNews.com cut shares of Westinghouse Air Brake Technologies from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $201.86.

Westinghouse Air Brake Technologies 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.