United Capital Financial Advisors LLC Sells 1,768 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB)

United Capital Financial Advisors LLC cut its position in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB - Free Report) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,829 shares of the transportation company's stock after selling 1,768 shares during the period. United Capital Financial Advisors LLC owned 0.05% of Westinghouse Air Brake Technologies worth $17,031,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of WAB. Twin Capital Management Inc. boosted its holdings in shares of Westinghouse Air Brake Technologies by 4.3% during the 4th quarter. Twin Capital Management Inc. now owns 15,832 shares of the transportation company's stock worth $3,002,000 after buying an additional 647 shares during the period. DnB Asset Management AS boosted its holdings in shares of Westinghouse Air Brake Technologies by 0.9% during the fourth quarter. DnB Asset Management AS now owns 48,101 shares of the transportation company's stock worth $9,119,000 after acquiring an additional 414 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Westinghouse Air Brake Technologies in the fourth quarter valued at approximately $22,509,000. Hillsdale Investment Management Inc. increased its stake in shares of Westinghouse Air Brake Technologies by 3.8% during the fourth quarter. Hillsdale Investment Management Inc. now owns 5,400 shares of the transportation company's stock worth $1,024,000 after purchasing an additional 200 shares during the period. Finally, Harvest Fund Management Co. Ltd lifted its holdings in Westinghouse Air Brake Technologies by 114.7% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 3,907 shares of the transportation company's stock worth $741,000 after purchasing an additional 2,087 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WAB has been the topic of several recent research reports. StockNews.com cut Westinghouse Air Brake Technologies from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Stephens reissued an "overweight" rating and issued a $220.00 price objective on shares of Westinghouse Air Brake Technologies in a report on Thursday, February 13th. Bank of America lifted their price target on shares of Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. initiated coverage on Westinghouse Air Brake Technologies in a research report on Thursday, April 10th. They set a "neutral" rating and a $175.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Westinghouse Air Brake Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $201.86.

Westinghouse Air Brake Technologies Price Performance

NYSE:WAB traded down $4.26 during mid-day trading on Monday, reaching $166.67. The stock had a trading volume of 315,809 shares, compared to its average volume of 1,118,754. Westinghouse Air Brake Technologies Co. has a 12 month low of $143.22 and a 12 month high of $210.88. The stock has a market capitalization of $28.49 billion, a PE ratio of 27.64, a P/E/G ratio of 1.50 and a beta of 1.14. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.69. The stock has a 50-day simple moving average of $179.68 and a two-hundred day simple moving average of $190.57.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The transportation company reported $1.68 EPS for the quarter, missing analysts' consensus estimates of $1.74 by ($0.06). Westinghouse Air Brake Technologies had a return on equity of 12.78% and a net margin of 10.17%. On average, equities analysts anticipate that Westinghouse Air Brake Technologies Co. will post 8.54 earnings per share for the current year.

Westinghouse Air Brake Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were paid a $0.25 dividend. This is an increase from Westinghouse Air Brake Technologies's previous quarterly dividend of $0.20. The ex-dividend date was Friday, February 21st. This represents a $1.00 annualized dividend and a yield of 0.60%. Westinghouse Air Brake Technologies's dividend payout ratio is presently 16.58%.

Insider Buying and Selling at Westinghouse Air Brake Technologies

In related news, CEO Rafael Santana sold 886 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $182.34, for a total transaction of $161,553.24. Following the sale, the chief executive officer now owns 176,295 shares of the company's stock, valued at $32,145,630.30. This trade represents a 0.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.10% of the company's stock.

Westinghouse Air Brake Technologies Company 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.