Massmutual Trust Co. FSB ADV Increases Position in Westinghouse Air Brake Technologies Co. (NYSE:WAB)

Massmutual Trust Co. FSB ADV grew its position in Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 26.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 568 shares of the transportation company’s stock after purchasing an additional 118 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Westinghouse Air Brake Technologies were worth $90,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its stake in Westinghouse Air Brake Technologies by 107.8% during the 1st quarter. BNP Paribas Financial Markets now owns 170,248 shares of the transportation company’s stock valued at $24,802,000 after purchasing an additional 88,325 shares in the last quarter. Forsta AP Fonden increased its stake in Westinghouse Air Brake Technologies by 64.5% during the 1st quarter. Forsta AP Fonden now owns 53,300 shares of the transportation company’s stock valued at $7,765,000 after buying an additional 20,900 shares during the period. Applied Finance Capital Management LLC lifted its holdings in shares of Westinghouse Air Brake Technologies by 9.8% in the fourth quarter. Applied Finance Capital Management LLC now owns 159,384 shares of the transportation company’s stock valued at $20,226,000 after buying an additional 14,285 shares during the period. Plato Investment Management Ltd boosted its holdings in Westinghouse Air Brake Technologies by 59,168.4% during the first quarter. Plato Investment Management Ltd now owns 11,261 shares of the transportation company’s stock worth $1,641,000 after buying an additional 11,242 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC purchased a new position in shares of Westinghouse Air Brake Technologies in the first quarter worth approximately $204,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Westinghouse Air Brake Technologies Price Performance

Westinghouse Air Brake Technologies stock traded up $1.53 during mid-day trading on Tuesday, reaching $151.54. The company had a trading volume of 1,386,130 shares, compared to its average volume of 1,095,266. Westinghouse Air Brake Technologies Co. has a fifty-two week low of $98.70 and a fifty-two week high of $170.83. The company has a market cap of $26.73 billion, a P/E ratio of 29.80, a P/E/G ratio of 1.28 and a beta of 1.29. The company has a current ratio of 1.38, a quick ratio of 0.73 and a debt-to-equity ratio of 0.33. The business has a fifty day simple moving average of $161.82 and a 200 day simple moving average of $152.07.

Westinghouse Air Brake Technologies (NYSE:WAB) last announced its quarterly earnings results on Wednesday, July 24th. The transportation company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.88 by $0.08. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Westinghouse Air Brake Technologies had a net margin of 9.94% and a return on equity of 12.05%. The company’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.41 EPS. On average, equities research analysts predict that Westinghouse Air Brake Technologies Co. will post 7.42 earnings per share for the current year.

Westinghouse Air Brake Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Wednesday, August 14th. Westinghouse Air Brake Technologies’s payout ratio is 15.63%.

Insider Buying and Selling at Westinghouse Air Brake Technologies

In other news, Director Brian Hehir sold 1,000 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $161.62, for a total transaction of $161,620.00. Following the completion of the sale, the director now directly owns 23,230 shares of the company’s stock, valued at approximately $3,754,432.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Brian Hehir sold 1,000 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $161.62, for a total transaction of $161,620.00. Following the completion of the transaction, the director now directly owns 23,230 shares in the company, valued at approximately $3,754,432.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gregory Sbrocco sold 1,646 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $167.30, for a total transaction of $275,375.80. Following the completion of the transaction, the executive vice president now owns 16,666 shares of the company’s stock, valued at $2,788,221.80. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on WAB shares. The Goldman Sachs Group raised their price objective on shares of Westinghouse Air Brake Technologies from $160.00 to $181.00 and gave the company a “neutral” rating in a research report on Tuesday, June 4th. TD Cowen boosted their price target on shares of Westinghouse Air Brake Technologies from $130.00 to $147.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. Bank of America raised their price objective on shares of Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. KeyCorp boosted their target price on Westinghouse Air Brake Technologies from $155.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Finally, Susquehanna increased their target price on Westinghouse Air Brake Technologies from $160.00 to $190.00 and gave the company a “positive” rating in a research note on Thursday, April 25th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $163.90.

Westinghouse Air Brake Technologies Company Profile

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.