Westinghouse Air Brake Technologies Co. (NYSE:WAB) Shares Sold by Beutel Goodman & Co Ltd.

Beutel Goodman & Co Ltd. lessened its stake in Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 0.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,081,943 shares of the transportation company’s stock after selling 1,440 shares during the quarter. Beutel Goodman & Co Ltd. owned about 0.63% of Westinghouse Air Brake Technologies worth $205,125,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. iA Global Asset Management Inc. increased its position in shares of Westinghouse Air Brake Technologies by 21.5% during the 3rd quarter. iA Global Asset Management Inc. now owns 18,613 shares of the transportation company’s stock valued at $3,383,000 after purchasing an additional 3,288 shares during the period. Longboard Asset Management LP acquired a new position in Westinghouse Air Brake Technologies in the 4th quarter valued at approximately $252,000. BNP Paribas Financial Markets grew its stake in shares of Westinghouse Air Brake Technologies by 5.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 278,729 shares of the transportation company’s stock valued at $50,665,000 after purchasing an additional 13,683 shares during the period. Pacer Advisors Inc. grew its position in Westinghouse Air Brake Technologies by 88.8% during the 4th quarter. Pacer Advisors Inc. now owns 31,811 shares of the transportation company’s stock worth $6,031,000 after acquiring an additional 14,959 shares during the last quarter. Finally, Erste Asset Management GmbH acquired a new stake in shares of Westinghouse Air Brake Technologies in the third quarter valued at approximately $61,474,000. 91.69% of the stock is owned by institutional investors and hedge funds.

Westinghouse Air Brake Technologies Stock Down 2.9 %

Westinghouse Air Brake Technologies stock opened at $181.52 on Friday. The firm has a 50 day moving average price of $191.63 and a two-hundred day moving average price of $191.02. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.69 and a current ratio of 1.30. Westinghouse Air Brake Technologies Co. has a 52-week low of $143.22 and a 52-week high of $210.88. The firm has a market cap of $31.01 billion, a price-to-earnings ratio of 30.10, a PEG ratio of 1.50 and a beta of 1.31.

Westinghouse Air Brake Technologies (NYSE:WAB) 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%. Equities analysts predict that Westinghouse Air Brake Technologies Co. will post 8.54 EPS for the current year.

Westinghouse Air Brake Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were issued a $0.25 dividend. This is an increase from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Friday, February 21st. Westinghouse Air Brake Technologies’s payout ratio is 16.58%.

Insider Activity at Westinghouse Air Brake Technologies

In other news, CEO Rafael Santana sold 886 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $182.34, for a total value of $161,553.24. Following the sale, the chief executive officer now directly owns 176,295 shares of the company’s stock, valued at approximately $32,145,630.30. This represents a 0.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on WAB. Stephens reaffirmed an “overweight” rating and issued a $220.00 price target on shares of Westinghouse Air Brake Technologies in a research note on Thursday, February 13th. StockNews.com downgraded shares of Westinghouse Air Brake Technologies from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Finally, Bank of America raised their price target on shares of Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $206.33.

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.