Mufg Securities Americas Inc. Buys Shares of 2,538 Westinghouse Air Brake Technologies Co. (NYSE:WAB)

Mufg Securities Americas Inc. purchased a new position in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,538 shares of the transportation company's stock, valued at approximately $481,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its stake in Westinghouse Air Brake Technologies by 2.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 20,459 shares of the transportation company's stock valued at $3,879,000 after acquiring an additional 532 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of Westinghouse Air Brake Technologies by 88.8% in 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 during the last quarter. Greenleaf Trust lifted its stake in shares of Westinghouse Air Brake Technologies by 2.9% in the 4th quarter. Greenleaf Trust now owns 3,344 shares of the transportation company's stock valued at $634,000 after purchasing an additional 94 shares during the last quarter. Longboard Asset Management LP acquired a new position in shares of Westinghouse Air Brake Technologies during the fourth quarter worth approximately $252,000. Finally, Longbow Finance SA bought a new stake in shares of Westinghouse Air Brake Technologies in the 4th quarter worth approximately $4,312,000. Institutional investors and hedge funds own 91.69% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on WAB shares. StockNews.com upgraded Westinghouse Air Brake Technologies from a "hold" rating to a "buy" rating in a research report on Tuesday, May 6th. Stephens reiterated an "overweight" rating and set a $220.00 target price on shares of Westinghouse Air Brake Technologies in a report on Thursday, February 13th. JPMorgan Chase & Co. lifted their price target on Westinghouse Air Brake Technologies from $175.00 to $194.00 and gave the stock a "neutral" rating in a report on Thursday, April 24th. The Goldman Sachs Group restated a "neutral" rating and set a $201.00 price objective (up from $175.00) on shares of Westinghouse Air Brake Technologies in a research report on Wednesday, April 23rd. Finally, Susquehanna dropped their price target on shares of 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. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $211.83.

Westinghouse Air Brake Technologies Trading Up 0.7%

Shares of NYSE WAB traded up $1.37 during midday trading on Monday, hitting $207.06. 602,989 shares of the company traded hands, compared to its average volume of 1,089,692. Westinghouse Air Brake Technologies Co. has a 12-month low of $147.66 and a 12-month 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. The stock has a 50-day moving average price of $181.95 and a 200 day moving average price of $190.86. The firm has a market cap of $35.43 billion, a P/E ratio of 34.34, 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 earnings results on Wednesday, April 23rd. The transportation company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.25. The company had revenue of $2.61 billion during the quarter, compared to analysts' expectations of $2.61 billion. Westinghouse Air Brake Technologies had a net margin of 10.17% and a return on equity of 12.78%. Westinghouse Air Brake Technologies's quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the company posted $1.89 earnings per share. As a group, analysts expect that Westinghouse Air Brake Technologies Co. will post 8.54 earnings per share for the current year.

Westinghouse Air Brake Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Tuesday, May 27th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.48%. Westinghouse Air Brake Technologies's dividend payout ratio is presently 15.67%.

Insiders Place Their Bets

In related news, EVP Lilian Leroux sold 7,500 shares of Westinghouse Air Brake Technologies stock in a transaction on Monday, May 5th. The shares were sold at an average price of $192.19, for a total value of $1,441,425.00. Following the transaction, the executive vice president now directly owns 13,755 shares in the company, valued at $2,643,573.45. This trade represents a 35.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Rafael Santana sold 886 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $204.07, for a total transaction of $180,806.02. Following the transaction, the chief executive officer now directly owns 144,730 shares in the company, valued at approximately $29,535,051.10. This trade represents a 0.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,024 shares of company stock valued at $17,263,784. 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.