6,393 Shares in Westinghouse Air Brake Technologies Co. (NYSE:WAB) Bought by Raiffeisen Bank International AG

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

Other hedge funds have also added to or reduced their stakes in the company. Dorsey & Whitney Trust CO LLC bought a new stake in shares of Westinghouse Air Brake Technologies during the 4th quarter valued at about $204,000. Longboard Asset Management LP purchased a new stake in Westinghouse Air Brake Technologies in the fourth quarter worth about $252,000. Catalyst Funds Management Pty Ltd boosted its position in Westinghouse Air Brake Technologies by 200.0% during the 4th quarter. Catalyst Funds Management Pty Ltd now owns 1,800 shares of the transportation company's stock valued at $341,000 after acquiring an additional 1,200 shares in the last quarter. Mufg Securities Americas Inc. bought a new stake in Westinghouse Air Brake Technologies during the 4th quarter valued at approximately $481,000. Finally, Twin Tree Management LP grew its holdings in shares of Westinghouse Air Brake Technologies by 108.8% during the 4th quarter. Twin Tree Management LP now owns 2,960 shares of the transportation company's stock worth $561,000 after acquiring an additional 36,435 shares during the period. 91.69% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Westinghouse Air Brake Technologies news, insider Rogerio Mendonca sold 4,033 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $200.04, for a total value of $806,761.32. Following the completion of the transaction, the insider now owns 11,535 shares of the company's stock, valued at approximately $2,307,461.40. The trade was a 25.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 Tuesday, May 13th. The shares were sold at an average price of $204.07, for a total transaction of $180,806.02. Following the transaction, the chief executive officer now directly owns 144,730 shares of the company's stock, valued at $29,535,051.10. The trade was a 0.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 90,024 shares of company stock worth $17,263,784 over the last 90 days. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on WAB shares. 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 research note on Thursday, April 24th. Stephens reiterated an "overweight" rating and issued a $220.00 price objective on shares of Westinghouse Air Brake Technologies in a report on Thursday, February 13th. Susquehanna lowered their price objective 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. The Goldman Sachs Group reiterated a "neutral" rating and issued a $201.00 price target (up from $175.00) on shares of Westinghouse Air Brake Technologies in a research note on Wednesday, April 23rd. Finally, Wall Street Zen raised shares of Westinghouse Air Brake Technologies from a "hold" rating to a "buy" rating in a research note on Tuesday, May 6th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $211.83.

Westinghouse Air Brake Technologies Stock Down 0.3%

Westinghouse Air Brake Technologies stock traded down $0.64 during mid-day trading on Thursday, hitting $200.17. The company had a trading volume of 174,149 shares, compared to its average volume of 1,085,744. Westinghouse Air Brake Technologies Co. has a 12 month low of $147.66 and a 12 month high of $210.88. The company has a market capitalization of $34.25 billion, a PE ratio of 33.19, a price-to-earnings-growth ratio of 1.50 and a beta of 1.12. The stock's 50 day moving average price is $183.58 and its two-hundred day moving average price is $191.16. 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 posted its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $2.61 billion. During the same quarter in the previous year, the firm earned $1.89 EPS. Westinghouse Air Brake Technologies's quarterly revenue was up 4.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Westinghouse Air Brake Technologies Co. will post 8.54 earnings per share for the current fiscal year.

Westinghouse Air Brake Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Tuesday, May 27th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.50%. Westinghouse Air Brake Technologies's dividend payout ratio is presently 15.67%.

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.