Zevin Asset Management LLC Sells 540 Shares of Westinghouse Air Brake Technologies Corp (NYSE:WAB)

Zevin Asset Management LLC reduced its holdings in shares of Westinghouse Air Brake Technologies Corp (NYSE:WAB) by 10.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,730 shares of the transportation company’s stock after selling 540 shares during the quarter. Zevin Asset Management LLC’s holdings in Westinghouse Air Brake Technologies were worth $340,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of WAB. Coastal Capital Group Inc. bought a new position in shares of Westinghouse Air Brake Technologies during the 2nd quarter worth approximately $25,000. YorkBridge Wealth Partners LLC lifted its holdings in Westinghouse Air Brake Technologies by 72.4% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 393 shares of the transportation company’s stock worth $28,000 after purchasing an additional 165 shares during the last quarter. Stonebridge Capital Advisors LLC acquired a new stake in Westinghouse Air Brake Technologies during the 2nd quarter worth approximately $49,000. Captrust Financial Advisors lifted its holdings in Westinghouse Air Brake Technologies by 47.5% during the 2nd quarter. Captrust Financial Advisors now owns 950 shares of the transportation company’s stock worth $68,000 after purchasing an additional 306 shares during the last quarter. Finally, Massey Quick Simon & CO. LLC lifted its holdings in Westinghouse Air Brake Technologies by 55,450.0% during the 3rd quarter. Massey Quick Simon & CO. LLC now owns 1,111 shares of the transportation company’s stock worth $80,000 after purchasing an additional 1,109 shares during the last quarter. Institutional investors own 92.47% of the company’s stock.

WAB has been the subject of several research reports. Buckingham Research dropped their price target on Westinghouse Air Brake Technologies from $83.00 to $76.00 and set a “neutral” rating for the company in a report on Friday, October 18th. Cowen reissued a “buy” rating and set a $92.00 price target on shares of Westinghouse Air Brake Technologies in a report on Thursday, October 31st. Bank of America initiated coverage on Westinghouse Air Brake Technologies in a report on Wednesday, October 16th. They set an “underperform” rating and a $64.00 price target for the company. Goldman Sachs Group raised Westinghouse Air Brake Technologies from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $84.00 to $89.00 in a report on Wednesday, August 7th. Finally, Citigroup dropped their price target on Westinghouse Air Brake Technologies from $84.00 to $78.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $81.18.

NYSE WAB traded up $0.25 during midday trading on Friday, hitting $78.85. The company had a trading volume of 1,029,925 shares, compared to its average volume of 1,993,264. The company has a market capitalization of $15.05 billion, a PE ratio of 20.70, a P/E/G ratio of 1.70 and a beta of 1.43. The company has a current ratio of 1.38, a quick ratio of 0.77 and a debt-to-equity ratio of 0.48. The firm has a 50-day moving average price of $70.38 and a 200-day moving average price of $70.21. Westinghouse Air Brake Technologies Corp has a twelve month low of $61.00 and a twelve month high of $96.50.

Westinghouse Air Brake Technologies (NYSE:WAB) last announced its quarterly earnings data on Thursday, October 31st. The transportation company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.02. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Westinghouse Air Brake Technologies had a return on equity of 7.89% and a net margin of 3.24%. The company’s quarterly revenue was up 85.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.95 EPS. On average, equities analysts anticipate that Westinghouse Air Brake Technologies Corp will post 4.18 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.12 dividend. The ex-dividend date is Thursday, November 14th. This represents a $0.48 annualized dividend and a yield of 0.61%. Westinghouse Air Brake Technologies’s dividend payout ratio is presently 12.60%.

Westinghouse Air Brake Technologies Profile

Wabtec Corporation provides technology-based equipment, systems, and services for the freight rail and passenger transit vehicle industries worldwide. The company's Freight segment 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.

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

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