Westinghouse Air Brake Technologies Co. (NYSE:WAB) Shares Sold by Hartford Investment Management Co.

Hartford Investment Management Co. trimmed its position in Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 2.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,102 shares of the transportation company’s stock after selling 229 shares during the quarter. Hartford Investment Management Co.’s holdings in Westinghouse Air Brake Technologies were worth $2,018,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Pinnacle Bancorp Inc. raised its position in shares of Westinghouse Air Brake Technologies by 55.0% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 155 shares of the transportation company’s stock valued at $28,000 after buying an additional 55 shares during the period. Eastern Bank purchased a new stake in Westinghouse Air Brake Technologies in the third quarter valued at $33,000. Massmutual Trust Co. FSB ADV raised its position in Westinghouse Air Brake Technologies by 26.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the transportation company’s stock valued at $90,000 after purchasing an additional 118 shares during the period. Dorsey & Whitney Trust CO LLC acquired a new position in shares of Westinghouse Air Brake Technologies in the 1st quarter valued at $204,000. Finally, Bridges Investment Management Inc. purchased a new position in shares of Westinghouse Air Brake Technologies during the 2nd quarter worth $360,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Stephens boosted their price objective on shares of Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the company an “overweight” rating in a report on Thursday. The Goldman Sachs Group increased their target price on Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday. Bank of America raised their price objective on shares of Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Finally, Susquehanna increased their target price on shares of Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the stock a “positive” rating in a report on Monday. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $171.80.

Insider Buying and Selling

In other Westinghouse Air Brake Technologies news, insider Alicia Hammersmith sold 4,169 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $165.54, for a total value of $690,136.26. Following the transaction, the insider now directly owns 5,606 shares in the company, valued at $928,017.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CTO Eric Gebhardt sold 7,422 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $156.32, for a total value of $1,160,207.04. Following the completion of the sale, the chief technology officer now directly owns 22,411 shares of the company’s stock, valued at approximately $3,503,287.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alicia Hammersmith sold 4,169 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $165.54, for a total value of $690,136.26. Following the transaction, the insider now owns 5,606 shares in the company, valued at $928,017.24. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,392 shares of company stock worth $2,754,390 over the last 90 days. 1.10% of the stock is owned by insiders.

Westinghouse Air Brake Technologies Trading Up 0.9 %

NYSE WAB opened at $189.08 on Friday. Westinghouse Air Brake Technologies Co. has a 52 week low of $102.16 and a 52 week high of $192.48. The firm has a 50 day moving average of $175.35 and a two-hundred day moving average of $165.54. The stock has a market capitalization of $33.12 billion, a PE ratio of 33.17, a price-to-earnings-growth ratio of 1.50 and a beta of 1.27. The company has a quick ratio of 0.73, a current ratio of 1.38 and a debt-to-equity ratio of 0.33.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.14. Westinghouse Air Brake Technologies had a net margin of 9.94% and a return on equity of 12.05%. The firm had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter in the previous year, the firm posted $1.70 earnings per share. The company’s revenue was up 4.4% compared to the same quarter last year. As a group, research analysts expect that Westinghouse Air Brake Technologies Co. will post 7.47 EPS for the current fiscal year.

Westinghouse Air Brake Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend is Wednesday, November 13th. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is presently 14.04%.

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.