Greenleaf Trust Purchases 94 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB)

Greenleaf Trust increased its holdings in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,344 shares of the transportation company’s stock after acquiring an additional 94 shares during the period. Greenleaf Trust’s holdings in Westinghouse Air Brake Technologies were worth $634,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WAB. Pinnacle Bancorp Inc. lifted its position in 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 purchasing an additional 55 shares during the period. Bridges Investment Management Inc. raised its stake in shares of Westinghouse Air Brake Technologies by 3.4% during the third quarter. Bridges Investment Management Inc. now owns 2,357 shares of the transportation company’s stock worth $428,000 after buying an additional 77 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its holdings in Westinghouse Air Brake Technologies by 10.4% in the third quarter. Harvest Fund Management Co. Ltd now owns 1,820 shares of the transportation company’s stock valued at $331,000 after buying an additional 172 shares during the period. Eastern Bank acquired a new stake in Westinghouse Air Brake Technologies during the 3rd quarter worth $33,000. Finally, UMB Bank n.a. raised its position in shares of Westinghouse Air Brake Technologies by 4.4% during the 3rd quarter. UMB Bank n.a. now owns 4,910 shares of the transportation company’s stock valued at $892,000 after acquiring an additional 209 shares during the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Westinghouse Air Brake Technologies Trading Up 0.8 %

WAB opened at $206.28 on Wednesday. The firm’s fifty day simple moving average is $198.65 and its 200 day simple moving average is $184.41. The stock has a market capitalization of $35.46 billion, a P/E ratio of 34.38, a P/E/G ratio of 1.33 and a beta of 1.27. The company has a current ratio of 1.30, a quick ratio of 0.65 and a debt-to-equity ratio of 0.34. Westinghouse Air Brake Technologies Co. has a 12 month low of $131.33 and a 12 month high of $210.88.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on WAB shares. Susquehanna lifted their price objective on Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the stock a “positive” rating in a research note on Monday, October 21st. Bank of America upped their price target on Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. The Goldman Sachs Group lifted their price objective on shares of Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Stephens upped their target price on shares of Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Finally, KeyCorp lifted their price target on shares of Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $188.50.

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.