Beutel Goodman & Co Ltd. Sells 6,545 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB)

Beutel Goodman & Co Ltd. trimmed its stake in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB - Free Report) by 0.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,629,785 shares of the transportation company's stock after selling 6,545 shares during the quarter. Beutel Goodman & Co Ltd. owned about 0.91% of Westinghouse Air Brake Technologies worth $206,819,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Applied Finance Capital Management LLC lifted its position in Westinghouse Air Brake Technologies by 9.8% in the fourth quarter. Applied Finance Capital Management LLC now owns 159,384 shares of the transportation company's stock worth $20,226,000 after purchasing an additional 14,285 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Westinghouse Air Brake Technologies by 7.7% in the 4th quarter. BNP Paribas Financial Markets now owns 81,916 shares of the transportation company's stock worth $10,395,000 after purchasing an additional 5,859 shares during the last quarter. Watchman Group Inc. raised its holdings in shares of 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 purchasing an additional 269 shares in the last quarter. iA Global Asset Management Inc. acquired a new stake in Westinghouse Air Brake Technologies during the third quarter valued at approximately $1,915,000. Finally, Handelsinvest Investeringsforvaltning bought a new stake in Westinghouse Air Brake Technologies during the fourth quarter worth approximately $1,030,000. 91.69% of the stock is currently owned by institutional investors.

Insider Activity at Westinghouse Air Brake Technologies

In other Westinghouse Air Brake Technologies news, CAO John A. Mastalerz, Jr. sold 3,749 shares of the company's stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $162.70, for a total transaction of $609,962.30. Following the completion of the sale, the chief accounting officer now owns 8,479 shares of the company's stock, valued at $1,379,533.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Westinghouse Air Brake Technologies news, CAO John A. Mastalerz, Jr. sold 3,749 shares of the business's stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $162.70, for a total transaction of $609,962.30. Following the completion of the transaction, the chief accounting officer now owns 8,479 shares of the company's stock, valued at approximately $1,379,533.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Rafael Santana sold 40,219 shares of the business's stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $140.62, for a total value 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 approximately $17,298,931.78. The disclosure for this sale can be found here. In the last ninety 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.

Analysts Set New Price Targets

WAB has been the subject of a number of recent research reports. Wells Fargo & Company increased their price objective on Westinghouse Air Brake Technologies from $135.00 to $150.00 and gave the company an "overweight" rating in a research report on Thursday, February 15th. Redburn Atlantic lowered Westinghouse Air Brake Technologies from a "buy" rating to a "neutral" rating and set a $135.00 price target for the company. in a research report on Thursday, February 15th. The Goldman Sachs Group boosted their price objective on Westinghouse Air Brake Technologies from $138.00 to $152.00 and gave the stock a "neutral" rating in a report on Tuesday, April 16th. TD Cowen raised 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 report on Thursday, April 25th. Finally, KeyCorp boosted 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 report on Thursday, April 25th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $156.18.

Westinghouse Air Brake Technologies Stock Down 0.4 %

NYSE:WAB traded down $0.66 during mid-day trading on Tuesday, reaching $169.99. The stock had a trading volume of 1,578,296 shares, compared to its average volume of 1,074,665. The stock has a market cap of $29.98 billion, a P/E ratio of 33.20, a PEG ratio of 1.50 and a beta of 1.36. The business's 50 day moving average is $153.18 and its 200 day moving average is $136.24. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.52 and a quick ratio of 0.77. Westinghouse Air Brake Technologies Co. has a fifty-two week low of $91.89 and a fifty-two week high of $170.83.

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 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. The company 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%. Westinghouse Air Brake Technologies's quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.28 EPS. As a group, sell-side analysts predict that Westinghouse Air Brake Technologies Co. will post 7.26 earnings per share for the current year.

Westinghouse Air Brake Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Friday, May 24th. Westinghouse Air Brake Technologies's dividend payout ratio is 15.63%.

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.