Westinghouse Air Brake Technologies Co. (NYSE:WAB) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its holdings in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB - Free Report) by 7.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,916 shares of the transportation company's stock after purchasing an additional 5,859 shares during the quarter. BNP Paribas Financial Markets' holdings in Westinghouse Air Brake Technologies were worth $10,395,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Watchman Group Inc. grew its stake in Westinghouse Air Brake Technologies by 0.9% in the 3rd quarter. Watchman Group Inc. now owns 28,921 shares of the transportation company's stock worth $3,073,000 after buying an additional 269 shares in the last quarter. First Hawaiian Bank raised its position in Westinghouse Air Brake Technologies by 49.1% during the fourth quarter. First Hawaiian Bank now owns 3,542 shares of the transportation company's stock valued at $449,000 after purchasing an additional 1,167 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Westinghouse Air Brake Technologies in the 3rd quarter worth about $204,000. Industrial Alliance Investment Management Inc. purchased a new position in shares of Westinghouse Air Brake Technologies during the 3rd quarter valued at about $498,000. Finally, Applied Finance Capital Management LLC lifted its position in Westinghouse Air Brake Technologies by 5.7% in the 3rd quarter. Applied Finance Capital Management LLC now owns 145,099 shares of the transportation company's stock worth $15,420,000 after buying an additional 7,785 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP David L. Deninno sold 6,607 shares of Westinghouse Air Brake Technologies stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $135.61, for a total transaction of $895,975.27. Following the sale, the vice president now owns 65,535 shares of the company's stock, valued at approximately $8,887,201.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP David L. Deninno sold 6,607 shares of Westinghouse Air Brake Technologies stock in a transaction dated 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 transaction, the vice president now directly owns 65,535 shares of the company's stock, valued at approximately $8,887,201.35. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Rafael Santana sold 40,219 shares of Westinghouse Air Brake Technologies stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $140.62, for a total transaction of $5,655,595.78. Following the transaction, the chief executive officer now directly owns 123,019 shares of the company's stock, valued at $17,298,931.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 105,970 shares of company stock valued at $15,871,367. Corporate insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on WAB. KeyCorp increased their price target on shares of Westinghouse Air Brake Technologies from $155.00 to $185.00 and gave the company an "overweight" rating in a research report on Thursday, April 25th. The Goldman Sachs Group lifted their target price on shares of Westinghouse Air Brake Technologies from $138.00 to $152.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 16th. Susquehanna lifted their target price on shares of Westinghouse Air Brake Technologies from $160.00 to $190.00 and gave the stock a "positive" rating in a research report on Thursday, April 25th. TD Cowen lifted their target price on shares of Westinghouse Air Brake Technologies from $130.00 to $147.00 and gave the stock a "hold" rating in a research report on Thursday, April 25th. Finally, Wells Fargo & Company lifted their target price on shares of Westinghouse Air Brake Technologies from $135.00 to $150.00 and gave the stock an "overweight" rating in a research report on Thursday, February 15th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $156.18.

Westinghouse Air Brake Technologies Trading Up 1.0 %

Westinghouse Air Brake Technologies stock traded up $1.66 during trading hours on Friday, reaching $168.32. The stock had a trading volume of 1,026,866 shares, compared to its average volume of 1,069,095. The stock has a market cap of $29.69 billion, a PE ratio of 32.88, a PEG ratio of 1.50 and a beta of 1.36. Westinghouse Air Brake Technologies Co. has a 52 week low of $91.89 and a 52 week high of $169.13. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.52 and a quick ratio of 0.77. The company has a fifty day simple moving average of $152.05 and a 200-day simple moving average of $134.99.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.49 by $0.40. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.40 billion. Westinghouse Air Brake Technologies had a net margin of 9.20% and a return on equity of 11.25%. The company's revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.28 EPS. Analysts forecast that Westinghouse Air Brake Technologies Co. will post 7.28 EPS for the current fiscal year.

Westinghouse Air Brake Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.48%. Westinghouse Air Brake Technologies's payout ratio is 15.63%.

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.