UMB Bank n.a. Reduces Position in Westinghouse Air Brake Technologies Co. (NYSE:WAB)

UMB Bank n.a. lessened its holdings in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 90.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 472 shares of the transportation company’s stock after selling 4,438 shares during the quarter. UMB Bank n.a.’s holdings in Westinghouse Air Brake Technologies were worth $89,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of WAB. Lord Abbett & CO. LLC purchased a new position in shares of Westinghouse Air Brake Technologies during the 3rd quarter valued at approximately $24,630,000. Garde Capital Inc. acquired a new position in Westinghouse Air Brake Technologies during the 3rd quarter worth $110,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Westinghouse Air Brake Technologies in the 3rd quarter worth about $386,000. iA Global Asset Management Inc. lifted its position in shares of Westinghouse Air Brake Technologies by 21.5% during the third quarter. iA Global Asset Management Inc. now owns 18,613 shares of the transportation company’s stock worth $3,383,000 after purchasing an additional 3,288 shares during the last quarter. Finally, Erste Asset Management GmbH acquired a new position in Westinghouse Air Brake Technologies in the third quarter worth about $61,474,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Westinghouse Air Brake Technologies Stock Performance

Shares of WAB stock opened at $209.17 on Friday. The business has a 50 day simple moving average of $197.17 and a 200 day simple moving average of $181.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.65. The firm has a market capitalization of $35.95 billion, a price-to-earnings ratio of 34.86, a price-to-earnings-growth ratio of 1.32 and a beta of 1.27. Westinghouse Air Brake Technologies Co. has a 12-month low of $128.96 and a 12-month high of $209.67.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.13. Westinghouse Air Brake Technologies had a return on equity of 12.52% and a net margin of 10.25%. The company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same period last year, the company earned $1.70 earnings per share. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts anticipate that Westinghouse Air Brake Technologies Co. will post 7.6 EPS for the current year.

Insider Buying and Selling at Westinghouse Air Brake Technologies

In other Westinghouse Air Brake Technologies news, VP David L. Deninno sold 875 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $188.70, for a total value of $165,112.50. Following the completion of the transaction, the vice president now directly owns 55,352 shares in the company, valued at $10,444,922.40. This trade represents a 1.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Albert J. Neupaver sold 35,722 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $188.70, for a total transaction of $6,740,741.40. Following the completion of the transaction, the director now directly owns 614,447 shares of the company’s stock, valued at $115,946,148.90. This represents a 5.49 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 39,393 shares of company stock valued at $7,464,243. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on WAB. Bank of America upped their price objective 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. KeyCorp lifted their price objective on shares of Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Susquehanna increased their target price on shares of Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the stock a “positive” rating in a report on Monday, October 21st. Stephens raised their price target on shares of Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group boosted their price objective on shares of Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.