Mufg Securities Americas Inc. Invests $481,000 in Westinghouse Air Brake Technologies Co. (NYSE:WAB)

Mufg Securities Americas Inc. purchased a new stake in Westinghouse Air Brake Technologies Co. (NYSE:WAB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,538 shares of the transportation company's stock, valued at approximately $481,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WAB. Dorsey & Whitney Trust CO LLC purchased a new position in Westinghouse Air Brake Technologies during the fourth quarter worth about $204,000. Longboard Asset Management LP purchased a new position in shares of Westinghouse Air Brake Technologies during the 4th quarter worth approximately $252,000. Catalyst Funds Management Pty Ltd increased its holdings in Westinghouse Air Brake Technologies by 200.0% in the 4th quarter. Catalyst Funds Management Pty Ltd now owns 1,800 shares of the transportation company's stock valued at $341,000 after purchasing an additional 1,200 shares during the last quarter. Twin Tree Management LP increased its holdings in Westinghouse Air Brake Technologies by 108.8% in the 4th quarter. Twin Tree Management LP now owns 2,960 shares of the transportation company's stock valued at $561,000 after purchasing an additional 36,435 shares during the last quarter. Finally, Greenleaf Trust raised 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 valued at $634,000 after purchasing an additional 94 shares during the period. 91.69% of the stock is owned by institutional investors and hedge funds.

Westinghouse Air Brake Technologies Stock Down 0.6%

Shares of Westinghouse Air Brake Technologies stock traded down $1.22 on Wednesday, reaching $203.53. 136,248 shares of the company were exchanged, compared to its average volume of 1,087,876. The stock's 50 day moving average price is $183.14 and its 200-day moving average price is $191.10. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.69. Westinghouse Air Brake Technologies Co. has a 1-year low of $147.66 and a 1-year high of $210.88. The company has a market cap of $34.83 billion, a P/E ratio of 33.76, a price-to-earnings-growth ratio of 1.50 and a beta of 1.12.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.28 EPS for the quarter, topping the consensus estimate 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 company had revenue of $2.61 billion during the quarter, compared to analysts' expectations of $2.61 billion. During the same quarter in the previous year, the business posted $1.89 EPS. The firm's revenue was up 4.5% on a year-over-year basis. As a group, equities analysts forecast that Westinghouse Air Brake Technologies Co. will post 8.54 EPS for the current year.

Westinghouse Air Brake Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Tuesday, May 27th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.49%. Westinghouse Air Brake Technologies's dividend payout ratio is currently 15.67%.

Insider Transactions at Westinghouse Air Brake Technologies

In other Westinghouse Air Brake Technologies news, VP David L. Deninno sold 3,000 shares of Westinghouse Air Brake Technologies stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $191.82, for a total value of $575,460.00. Following the transaction, the vice president now directly owns 63,450 shares in the company, valued at approximately $12,170,979. This trade represents a 4.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Rafael Santana sold 886 shares of the business's 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 transaction, the chief executive officer now directly owns 201,558 shares in the company, valued at approximately $37,302,339.06. The trade was a 0.44% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,024 shares of company stock worth $17,263,784. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Susquehanna lowered their price target 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. JPMorgan Chase & Co. raised their target price on Westinghouse Air Brake Technologies from $175.00 to $194.00 and gave the company a "neutral" rating in a report on Thursday, April 24th. StockNews.com upgraded shares of Westinghouse Air Brake Technologies from a "hold" rating to a "buy" rating in a research note on Tuesday, May 6th. Stephens reissued an "overweight" rating and issued a $220.00 price objective on shares of Westinghouse Air Brake Technologies in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $201.00 target price (up from $175.00) on shares of Westinghouse Air Brake Technologies in a research note on Wednesday, April 23rd. Two research 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 stock currently has a consensus rating of "Moderate Buy" and an average target price of $211.83.

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.