Raiffeisen Bank International AG Acquires Shares of 6,393 Westinghouse Air Brake Technologies Co. (NYSE:WAB)

Raiffeisen Bank International AG acquired a new stake in Westinghouse Air Brake Technologies Co. (NYSE:WAB - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,393 shares of the transportation company's stock, valued at approximately $1,221,000.

Several other institutional investors have also modified their holdings of the company. Greenleaf Trust lifted its holdings in shares of 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 buying an additional 94 shares during the period. Hillsdale Investment Management Inc. lifted its position in shares of Westinghouse Air Brake Technologies by 3.8% in the 4th quarter. Hillsdale Investment Management Inc. now owns 5,400 shares of the transportation company's stock valued at $1,024,000 after acquiring an additional 200 shares in the last quarter. DnB Asset Management AS lifted its position in shares of Westinghouse Air Brake Technologies by 0.9% in the 4th quarter. DnB Asset Management AS now owns 48,101 shares of the transportation company's stock valued at $9,119,000 after acquiring an additional 414 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Westinghouse Air Brake Technologies by 2.7% in 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. Finally, Twin Capital Management Inc. lifted its position in shares of Westinghouse Air Brake Technologies by 4.3% in the 4th quarter. Twin Capital Management Inc. now owns 15,832 shares of the transportation company's stock valued at $3,002,000 after acquiring an additional 647 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company's stock.

Insider Buying and Selling at Westinghouse Air Brake Technologies

In other news, insider Pascal Schweitzer sold 4,000 shares of the business's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $184.63, for a total value of $738,520.00. Following the sale, the insider now owns 11,955 shares in the company, valued at approximately $2,207,251.65. The trade was a 25.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP David L. Deninno sold 3,000 shares of Westinghouse Air Brake Technologies stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $191.82, for a total transaction of $575,460.00. Following the transaction, the vice president now directly owns 63,450 shares of the company's stock, valued at $12,170,979. This represents a 4.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 90,024 shares of company stock valued at $17,263,784 in the last ninety days. Company insiders own 1.10% of the company's stock.

Westinghouse Air Brake Technologies Stock Down 1.2%

Westinghouse Air Brake Technologies stock traded down $2.57 during mid-day trading on Tuesday, hitting $204.59. 1,406,877 shares of the company's stock were exchanged, compared to its average volume of 1,091,627. Westinghouse Air Brake Technologies Co. has a 1-year low of $147.66 and a 1-year high of $210.88. The stock has a 50 day moving average of $182.57 and a two-hundred day moving average of $191.00. The stock has a market cap of $35.01 billion, a P/E ratio of 33.93, a P/E/G ratio of 1.50 and a beta of 1.12. The company has a current ratio of 1.30, a quick ratio of 0.69 and a debt-to-equity ratio of 0.34.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The transportation company reported $2.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.03 by $0.25. Westinghouse Air Brake Technologies had a return on equity of 12.78% and a net margin of 10.17%. The firm had revenue of $2.61 billion during the quarter, compared to analysts' expectations of $2.61 billion. During the same quarter in the prior year, the business earned $1.89 earnings per share. The company's revenue was up 4.5% on a year-over-year basis. As a group, analysts anticipate that Westinghouse Air Brake Technologies Co. will post 8.54 EPS for the current fiscal year.

Westinghouse Air Brake Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors 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 dividend yield of 0.49%. Westinghouse Air Brake Technologies's dividend payout ratio is presently 15.67%.

Analyst Ratings Changes

Several research firms recently commented on WAB. JPMorgan Chase & Co. raised their price target on shares of Westinghouse Air Brake Technologies from $175.00 to $194.00 and gave the stock a "neutral" rating in a report on Thursday, April 24th. Stephens reissued an "overweight" rating and set a $220.00 target price on shares of Westinghouse Air Brake Technologies in a research note on Thursday, February 13th. Susquehanna lowered their price target on shares of Westinghouse Air Brake Technologies from $218.00 to $210.00 and set a "positive" rating on the stock in a report on Thursday, April 24th. StockNews.com raised Westinghouse Air Brake Technologies from a "hold" rating to a "buy" rating in a research report on Tuesday, May 6th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $201.00 target price (up from $175.00) on shares of Westinghouse Air Brake Technologies in a research report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average 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.