Westinghouse Air Brake Technologies Co. (NYSE:WAB) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its stake in Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 10.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 19,927 shares of the transportation company’s stock after selling 2,430 shares during the period. Nisa Investment Advisors LLC’s holdings in Westinghouse Air Brake Technologies were worth $3,622,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. raised its stake in shares of Westinghouse Air Brake Technologies by 55.0% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 155 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 55 shares in the last quarter. Eastern Bank bought a new stake in Westinghouse Air Brake Technologies in the third quarter valued at about $33,000. Massmutual Trust Co. FSB ADV increased its holdings in Westinghouse Air Brake Technologies by 26.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the transportation company’s stock valued at $90,000 after buying an additional 118 shares during the last quarter. Dorsey & Whitney Trust CO LLC acquired a new stake in Westinghouse Air Brake Technologies during the first quarter valued at approximately $204,000. Finally, Bridges Investment Management Inc. bought a new position in Westinghouse Air Brake Technologies during the 2nd quarter worth approximately $360,000. 91.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WAB. Susquehanna boosted their price target on Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the company a “positive” rating in a report on Monday, October 21st. Bank of America increased their target price on shares of Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. The Goldman Sachs Group lifted their price target on shares of Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Finally, Stephens increased their price objective on shares of Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Westinghouse Air Brake Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $171.80.

Westinghouse Air Brake Technologies Trading Down 0.6 %

Shares of NYSE:WAB opened at $186.84 on Friday. The company has a quick ratio of 0.65, a current ratio of 1.30 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average price is $178.60 and its 200 day moving average price is $167.28. The company has a market cap of $32.12 billion, a PE ratio of 31.14, a P/E/G ratio of 1.47 and a beta of 1.27. Westinghouse Air Brake Technologies Co. has a fifty-two week low of $107.24 and a fifty-two week high of $192.48.

Westinghouse Air Brake Technologies (NYSE:WAB) last released its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $2.00 earnings per share 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 analysts’ expectations of $2.68 billion. During the same quarter in the previous year, the company posted $1.70 earnings per share. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. Sell-side analysts anticipate that Westinghouse Air Brake Technologies Co. will post 7.58 earnings per share for the current year.

Westinghouse Air Brake Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Wednesday, November 13th. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is 13.33%.

Insider Activity 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 transaction of $165,112.50. Following the transaction, the vice president now owns 55,352 shares of the company’s stock, valued at approximately $10,444,922.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Albert J. Neupaver sold 35,722 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $188.70, for a total value of $6,740,741.40. Following the completion of the sale, the director now owns 614,447 shares in the company, valued at $115,946,148.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP David L. Deninno sold 875 shares of Westinghouse Air Brake Technologies stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $188.70, for a total value of $165,112.50. Following the transaction, the vice president now directly owns 55,352 shares in the company, valued at approximately $10,444,922.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 62,989 shares of company stock worth $11,384,624 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

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.