New York State Common Retirement Fund Sells 18,954 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB)

New York State Common Retirement Fund decreased its position in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB - Free Report) by 10.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 166,163 shares of the transportation company's stock after selling 18,954 shares during the period. New York State Common Retirement Fund owned 0.09% of Westinghouse Air Brake Technologies worth $21,086,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of WAB. iA Global Asset Management Inc. bought a new position in Westinghouse Air Brake Technologies during the third quarter valued at about $1,915,000. Handelsinvest Investeringsforvaltning bought a new position in Westinghouse Air Brake Technologies during the fourth quarter valued at about $1,030,000. Applied Finance Capital Management LLC raised its holdings in Westinghouse Air Brake Technologies by 5.7% during the third quarter. Applied Finance Capital Management LLC now owns 145,099 shares of the transportation company's stock valued at $15,420,000 after buying an additional 7,785 shares in the last quarter. Industrial Alliance Investment Management Inc. bought a new position in Westinghouse Air Brake Technologies during the third quarter valued at about $498,000. Finally, V Square Quantitative Management LLC bought a new position in Westinghouse Air Brake Technologies during the third quarter valued at about $204,000. Institutional investors and hedge funds own 91.69% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on WAB shares. Morgan Stanley started coverage on Westinghouse Air Brake Technologies in a research note on Monday, January 8th. They issued an "overweight" rating and a $137.00 price objective on the stock. Wells Fargo & Company lifted their price objective on Westinghouse Air Brake Technologies from $135.00 to $150.00 and gave the company an "overweight" rating in a report on Thursday, February 15th. KeyCorp boosted their target price on Westinghouse Air Brake Technologies from $155.00 to $185.00 and gave the stock an "overweight" rating in a report on Thursday. Bank of America boosted their target price on Westinghouse Air Brake Technologies from $156.00 to $162.00 and gave the stock a "buy" rating in a report on Monday, April 15th. Finally, Stephens boosted their target price on Westinghouse Air Brake Technologies from $165.00 to $180.00 and gave the stock an "overweight" rating in a report on Thursday. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $156.18.

Westinghouse Air Brake Technologies Trading Up 0.7 %

Shares of Westinghouse Air Brake Technologies stock traded up $1.18 on Friday, hitting $164.36. 1,343,033 shares of the company's stock traded hands, compared to its average volume of 1,128,262. The firm's 50-day moving average price is $144.38 and its two-hundred day moving average price is $128.89. The stock has a market capitalization of $28.99 billion, a PE ratio of 32.10, a price-to-earnings-growth ratio of 1.74 and a beta of 1.40. Westinghouse Air Brake Technologies Co. has a one year low of $91.89 and a one year high of $167.49. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.52 and a quick ratio of 0.63.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last issued its earnings results on Wednesday, April 24th. The transportation company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.49 by $0.40. The company had revenue of $2.50 billion during the quarter, compared to analysts' expectations of $2.40 billion. Westinghouse Air Brake Technologies had a net margin of 9.20% and a return on equity of 11.25%. The business's revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.28 EPS. On average, research analysts expect that Westinghouse Air Brake Technologies Co. will post 7.34 EPS for the current fiscal year.

Westinghouse Air Brake Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were given a dividend of $0.20 per share. This is a boost from Westinghouse Air Brake Technologies's previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.80 annualized dividend and a dividend yield of 0.49%. Westinghouse Air Brake Technologies's payout ratio is presently 15.63%.

Insider Buying and Selling at Westinghouse Air Brake Technologies

In related news, Director Brian Hehir sold 5,470 shares of the company's stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $135.80, for a total value of $742,826.00. Following the completion of the sale, the director now owns 23,065 shares in the company, valued at approximately $3,132,227. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Director Brian Hehir sold 5,470 shares of the company's stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $135.80, for a total value of $742,826.00. Following the completion of the sale, the director now owns 23,065 shares in the company, valued at approximately $3,132,227. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP David L. Deninno sold 6,607 shares of the company's stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $135.61, for a total transaction of $895,975.27. Following the completion of the sale, the vice president now owns 65,535 shares of the company's stock, valued at approximately $8,887,201.35. The disclosure for this sale can be found here. In the last 90 days, insiders sold 63,964 shares of company stock worth $8,924,584. Insiders own 1.10% of the company's stock.

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.