DNB Asset Management AS Buys 4,193 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB)

DNB Asset Management AS boosted its stake in Westinghouse Air Brake Technologies Co. (NYSE:WABGet Rating) by 8.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,451 shares of the transportation company’s stock after purchasing an additional 4,193 shares during the quarter. DNB Asset Management AS’s holdings in Westinghouse Air Brake Technologies were worth $5,333,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vigilant Capital Management LLC bought a new position in Westinghouse Air Brake Technologies in the 1st quarter worth about $39,000. Van ECK Associates Corp boosted its position in shares of Westinghouse Air Brake Technologies by 66.5% during the 4th quarter. Van ECK Associates Corp now owns 1,394 shares of the transportation company’s stock valued at $128,000 after acquiring an additional 557 shares during the last quarter. Twin Tree Management LP bought a new stake in shares of Westinghouse Air Brake Technologies during the 4th quarter valued at about $216,000. First Hawaiian Bank bought a new stake in shares of Westinghouse Air Brake Technologies during the 4th quarter valued at about $221,000. Finally, UMB Bank N A MO bought a new stake in shares of Westinghouse Air Brake Technologies during the 4th quarter valued at about $449,000. Institutional investors and hedge funds own 91.70% of the company’s stock.

Shares of NYSE WAB opened at $83.74 on Thursday. The stock has a market cap of $15.29 billion, a price-to-earnings ratio of 26.42, a P/E/G ratio of 1.34 and a beta of 1.51. The company has a current ratio of 1.36, a quick ratio of 0.72 and a debt-to-equity ratio of 0.42. Westinghouse Air Brake Technologies Co. has a 1-year low of $77.61 and a 1-year high of $100.04. The stock’s 50-day moving average is $89.53 and its 200 day moving average is $91.18.

Westinghouse Air Brake Technologies (NYSE:WABGet Rating) last announced its quarterly earnings results on Wednesday, April 27th. The transportation company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.64. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Westinghouse Air Brake Technologies had a return on equity of 8.27% and a net margin of 7.51%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.89 EPS. On average, analysts forecast that Westinghouse Air Brake Technologies Co. will post 4.93 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 27th. Shareholders of record on Friday, May 20th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, May 19th. This represents a $0.60 dividend on an annualized basis and a yield of 0.72%. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is currently 18.93%.

WAB has been the subject of a number of research analyst reports. StockNews.com upgraded Westinghouse Air Brake Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, May 1st. Atlantic Securities started coverage on Westinghouse Air Brake Technologies in a research report on Monday, May 23rd. They set an “overweight” rating and a $101.00 price target for the company. Finally, Wolfe Research raised Westinghouse Air Brake Technologies from an “underperform” rating to a “market perform” rating in a report on Thursday, April 28th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $101.86.

About Westinghouse Air Brake Technologies (Get Rating)

Westinghouse Air Brake Technologies Corporation provides technology-based equipment, systems, and services for the freight rail and passenger transit industries worldwide. It operates through two segments, Freight and Transit. The Freight segment manufactures and services components for new and existing freight cars and locomotives; builds new commuter locomotives; rebuilds freight locomotives; supplies railway electronics, positive train control equipment, signal design, and engineering services; and provides related heat exchange and cooling systems.

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Institutional Ownership by Quarter for Westinghouse Air Brake Technologies (NYSE:WAB)

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