Camden National Bank Lowers Stake in Westinghouse Air Brake Technologies Co. (NYSE:WAB)

Camden National Bank cut its position in Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 5.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,153 shares of the transportation company’s stock after selling 69 shares during the quarter. Camden National Bank’s holdings in Westinghouse Air Brake Technologies were worth $219,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of WAB. Erste Asset Management GmbH bought a new position in shares of Westinghouse Air Brake Technologies during the third quarter valued at approximately $61,474,000. BNP Paribas Financial Markets increased its stake in Westinghouse Air Brake Technologies by 5.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 278,729 shares of the transportation company’s stock worth $50,665,000 after buying an additional 13,683 shares during the period. Lord Abbett & CO. LLC bought a new stake in Westinghouse Air Brake Technologies during the 3rd quarter valued at about $24,630,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Westinghouse Air Brake Technologies in the 3rd quarter valued at about $7,128,000. Finally, Pacer Advisors Inc. increased its position in shares of Westinghouse Air Brake Technologies by 88.8% during the fourth quarter. Pacer Advisors Inc. now owns 31,811 shares of the transportation company’s stock worth $6,031,000 after acquiring an additional 14,959 shares during the period. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WAB. Bank of America lifted their target price on Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. StockNews.com lowered shares of Westinghouse Air Brake Technologies from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Stephens reissued an “overweight” rating and set a $220.00 target price on shares of Westinghouse Air Brake Technologies in a research report on Thursday, February 13th. Finally, KeyCorp raised their price objective on Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Westinghouse Air Brake Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $206.33.

Westinghouse Air Brake Technologies Trading Up 1.1 %

WAB opened at $179.57 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.69. Westinghouse Air Brake Technologies Co. has a 12 month low of $139.12 and a 12 month high of $210.88. The stock has a market capitalization of $30.68 billion, a price-to-earnings ratio of 29.78, a PEG ratio of 1.50 and a beta of 1.31. The business has a fifty day moving average price of $194.78 and a 200 day moving average price of $189.36.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its quarterly earnings data on Wednesday, February 12th. The transportation company reported $1.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.06). Westinghouse Air Brake Technologies had a return on equity of 12.78% and a net margin of 10.17%. Sell-side analysts expect that Westinghouse Air Brake Technologies Co. will post 8.54 earnings per share for the current fiscal year.

Westinghouse Air Brake Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were given a $0.25 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.00 dividend on an annualized basis and a yield of 0.56%. This is an increase from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is presently 16.58%.

Insider Buying and Selling at Westinghouse Air Brake Technologies

In other Westinghouse Air Brake Technologies news, CEO Rafael Santana sold 886 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $182.34, for a total transaction of $161,553.24. Following the sale, the chief executive officer now directly owns 176,295 shares of the company’s stock, valued at $32,145,630.30. This trade represents a 0.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is owned by corporate insiders.

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.