Nationwide Fund Advisors Lowers Holdings in Westinghouse Air Brake Technologies Corporation (WAB)

Nationwide Fund Advisors decreased its stake in Westinghouse Air Brake Technologies Corporation (NYSE:WAB) by 45.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 144,042 shares of the transportation company’s stock after selling 121,661 shares during the period. Nationwide Fund Advisors owned 0.15% of Westinghouse Air Brake Technologies worth $10,911,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Lord Abbett & CO. LLC raised its position in shares of Westinghouse Air Brake Technologies by 15.7% in the second quarter. Lord Abbett & CO. LLC now owns 1,218,217 shares of the transportation company’s stock valued at $111,467,000 after purchasing an additional 165,735 shares during the period. Capital Counsel LLC NY raised its position in shares of Westinghouse Air Brake Technologies by 1.6% in the second quarter. Capital Counsel LLC NY now owns 869,836 shares of the transportation company’s stock valued at $79,590,000 after purchasing an additional 13,918 shares during the period. Williams Jones & Associates LLC raised its position in shares of Westinghouse Air Brake Technologies by 0.7% in the second quarter. Williams Jones & Associates LLC now owns 634,323 shares of the transportation company’s stock valued at $58,041,000 after purchasing an additional 4,275 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Westinghouse Air Brake Technologies by 64.4% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 623,437 shares of the transportation company’s stock valued at $57,044,000 after purchasing an additional 244,119 shares during the period. Finally, Harvey Investment Co. LLC raised its position in shares of Westinghouse Air Brake Technologies by 7.4% in the third quarter. Harvey Investment Co. LLC now owns 177,710 shares of the transportation company’s stock valued at $13,462,000 after purchasing an additional 12,220 shares during the period.

Shares of Westinghouse Air Brake Technologies Corporation (WAB) traded up $1.30 during trading hours on Tuesday, reaching $77.60. 586,800 shares of the company traded hands, compared to its average volume of 797,536. The stock has a market capitalization of $7,324.74, a PE ratio of 22.91, a P/E/G ratio of 1.90 and a beta of 1.08. Westinghouse Air Brake Technologies Corporation has a 12 month low of $69.20 and a 12 month high of $93.81. The company has a current ratio of 1.55, a quick ratio of 1.03 and a debt-to-equity ratio of 0.67.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its quarterly earnings data on Tuesday, October 24th. The transportation company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.84 by $0.04. The company had revenue of $957.93 million during the quarter, compared to analysts’ expectations of $947.18 million. Westinghouse Air Brake Technologies had a net margin of 7.04% and a return on equity of 11.85%. Westinghouse Air Brake Technologies’s revenue for the quarter was up 41.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.94 earnings per share. equities analysts anticipate that Westinghouse Air Brake Technologies Corporation will post 3.49 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 27th. Investors of record on Monday, November 13th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, November 10th. This represents a $0.48 annualized dividend and a yield of 0.62%. Westinghouse Air Brake Technologies’s dividend payout ratio is currently 18.18%.

In related news, VP David L. Deninno sold 1,917 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $76.10, for a total transaction of $145,883.70. Following the completion of the transaction, the vice president now owns 56,131 shares of the company’s stock, valued at $4,271,569.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert J. Brooks sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $77.66, for a total transaction of $271,810.00. Following the transaction, the director now directly owns 84,221 shares of the company’s stock, valued at approximately $6,540,602.86. The disclosure for this sale can be found here. 11.69% of the stock is currently owned by insiders.

Several analysts have recently issued reports on WAB shares. BidaskClub lowered shares of Westinghouse Air Brake Technologies from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. Berenberg Bank started coverage on shares of Westinghouse Air Brake Technologies in a research report on Thursday, September 7th. They issued a “hold” rating and a $81.00 price target on the stock. KeyCorp reissued a “buy” rating and issued a $100.00 price target on shares of Westinghouse Air Brake Technologies in a research report on Sunday, September 17th. Stifel Nicolaus reissued a “hold” rating and issued a $75.00 price target (up previously from $74.00) on shares of Westinghouse Air Brake Technologies in a research report on Wednesday, October 25th. Finally, FBR & Co set a $85.00 price target on shares of Westinghouse Air Brake Technologies and gave the company a “hold” rating in a research report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Westinghouse Air Brake Technologies currently has a consensus rating of “Hold” and a consensus price target of $87.75.

TRADEMARK VIOLATION WARNING: “Nationwide Fund Advisors Lowers Holdings in Westinghouse Air Brake Technologies Corporation (WAB)” was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international trademark and copyright law. The original version of this piece of content can be read at https://www.dispatchtribunal.com/2017/12/05/nationwide-fund-advisors-lowers-holdings-in-westinghouse-air-brake-technologies-corporation-wab.html.

Westinghouse Air Brake Technologies Company Profile

Westinghouse Air Brake Technologies Corporation (Wabtec), doing business as Wabtec Corporation, is a provider of technology-based equipment and services for the global freight and transit rail industries. The Company’s segments include the Freight Segment and the Transit Segment. The Freight Segment primarily manufactures and services components for new and existing freight cars and locomotives, builds new switcher locomotives, rebuilds freight locomotives, supplies railway electronics, positive train control equipment, signal design and engineering services, and provides related heat exchange and cooling systems.

Want to see what other hedge funds are holding WAB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Westinghouse Air Brake Technologies Corporation (NYSE:WAB).

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

Receive News & Ratings for Westinghouse Air Brake Technologies Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westinghouse Air Brake Technologies Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply