Westinghouse Air Brake Technologies Co. (NYSE:WAB) Shares Sold by Appleton Partners Inc. MA

Appleton Partners Inc. MA decreased its stake in shares of Westinghouse Air Brake Technologies Co. (NYSE:WABFree Report) by 60.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,143 shares of the transportation company’s stock after selling 6,222 shares during the quarter. Appleton Partners Inc. MA’s holdings in Westinghouse Air Brake Technologies were worth $604,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in Westinghouse Air Brake Technologies during the 3rd quarter valued at approximately $204,000. First Hawaiian Bank increased its stake in Westinghouse Air Brake Technologies by 49.1% during the 4th quarter. First Hawaiian Bank now owns 3,542 shares of the transportation company’s stock valued at $449,000 after purchasing an additional 1,167 shares in the last quarter. Industrial Alliance Investment Management Inc. acquired a new stake in shares of Westinghouse Air Brake Technologies in the third quarter worth $498,000. Handelsinvest Investeringsforvaltning acquired a new stake in shares of Westinghouse Air Brake Technologies in the fourth quarter worth $1,030,000. Finally, iA Global Asset Management Inc. acquired a new stake in shares of Westinghouse Air Brake Technologies in the third quarter worth $1,915,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Insider Buying and Selling at Westinghouse Air Brake Technologies

In other news, VP David L. Deninno sold 3,016 shares of the firm’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $161.48, for a total value of $487,023.68. Following the transaction, the vice president now directly owns 65,352 shares of the company’s stock, valued at $10,553,040.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Rogerio Mendonca sold 3,965 shares of the firm’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $160.75, for a total value of $637,373.75. Following the transaction, the insider now directly owns 12,464 shares of the company’s stock, valued at $2,003,588. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP David L. Deninno sold 3,016 shares of the firm’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $161.48, for a total transaction of $487,023.68. Following the completion of the transaction, the vice president now directly owns 65,352 shares in the company, valued at $10,553,040.96. The disclosure for this sale can be found here. Insiders have sold a total of 47,476 shares of company stock valued at $7,689,609 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

WAB has been the topic of a number of research reports. The Goldman Sachs Group increased their price objective on shares of Westinghouse Air Brake Technologies from $160.00 to $181.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 4th. TD Cowen increased their price objective on shares of Westinghouse Air Brake Technologies from $130.00 to $147.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. Stephens increased their price objective on shares of Westinghouse Air Brake Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Bank of America increased their price objective on shares of Westinghouse Air Brake Technologies from $156.00 to $162.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Finally, KeyCorp increased their price objective on shares of Westinghouse Air Brake Technologies from $155.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $158.82.

Read Our Latest Stock Analysis on Westinghouse Air Brake Technologies

Westinghouse Air Brake Technologies Stock Performance

NYSE WAB traded down $1.06 during mid-day trading on Tuesday, reaching $160.55. 159,452 shares of the stock were exchanged, compared to its average volume of 1,056,888. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.77 and a current ratio of 1.52. The company has a market capitalization of $28.32 billion, a P/E ratio of 31.56, a P/E/G ratio of 1.43 and a beta of 1.32. Westinghouse Air Brake Technologies Co. has a 1 year low of $98.70 and a 1 year high of $170.83. The business’s 50 day moving average is $161.28 and its 200-day moving average is $143.15.

Westinghouse Air Brake Technologies (NYSE:WABGet Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.40. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.40 billion. Westinghouse Air Brake Technologies had a net margin of 9.20% and a return on equity of 11.25%. The company’s revenue was up 13.9% compared to the same quarter last year. During the same period last year, the firm posted $1.28 earnings per share. On average, equities research analysts forecast that Westinghouse Air Brake Technologies Co. will post 7.26 EPS for the current fiscal year.

Westinghouse Air Brake Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 28th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.50%. The ex-dividend date was Friday, May 24th. Westinghouse Air Brake Technologies’s payout ratio is 15.63%.

Westinghouse Air Brake Technologies Profile

(Free Report)

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.

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

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