Westinghouse Air Brake Technologies Co. (NYSE:WAB) Shares Sold by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG lowered its holdings in Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 4.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,593 shares of the transportation company’s stock after selling 1,622 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Westinghouse Air Brake Technologies were worth $7,157,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Garde Capital Inc. acquired a new position in Westinghouse Air Brake Technologies in the third quarter valued at approximately $110,000. Dorsey & Whitney Trust CO LLC acquired a new position in shares of Westinghouse Air Brake Technologies in the 4th quarter valued at $204,000. Longboard Asset Management LP purchased a new stake in Westinghouse Air Brake Technologies during the fourth quarter worth $252,000. Catalyst Funds Management Pty Ltd grew its position in Westinghouse Air Brake Technologies by 200.0% during the fourth quarter. Catalyst Funds Management Pty Ltd now owns 1,800 shares of the transportation company’s stock valued at $341,000 after buying an additional 1,200 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in Westinghouse Air Brake Technologies in the third quarter valued at $386,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Insider Buying and Selling

In other Westinghouse Air Brake Technologies 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 completion of the sale, the chief executive officer now owns 176,295 shares in the company, valued at approximately $32,145,630.30. This represents a 0.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Bank of America raised their target price on 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. 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. Finally, StockNews.com downgraded Westinghouse Air Brake Technologies from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $206.33.

Westinghouse Air Brake Technologies Price Performance

NYSE:WAB opened at $181.61 on Tuesday. The stock has a 50 day moving average of $191.23 and a two-hundred day moving average of $191.49. Westinghouse Air Brake Technologies Co. has a 12 month low of $143.22 and a 12 month high of $210.88. The firm has a market cap of $31.03 billion, a P/E ratio of 30.12, a price-to-earnings-growth ratio of 1.50 and a beta of 1.31. The company has a current ratio of 1.30, a quick ratio of 0.69 and a debt-to-equity ratio of 0.34.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its quarterly earnings results on Wednesday, February 12th. The transportation company reported $1.68 EPS for the quarter, missing the consensus estimate 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, analysts expect that Westinghouse Air Brake Technologies Co. will post 8.54 earnings per share for the current fiscal year.

Westinghouse Air Brake Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders 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. This represents a $1.00 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Friday, February 21st. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is currently 16.58%.

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.