Twin Capital Management Inc. Raises Stock Position in Westinghouse Air Brake Technologies Co. (NYSE:WAB)

Twin Capital Management Inc. grew its position in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 4.3% during the fourth quarter, HoldingsChannel reports. The firm owned 15,832 shares of the transportation company’s stock after buying an additional 647 shares during the period. Twin Capital Management Inc.’s holdings in Westinghouse Air Brake Technologies were worth $3,002,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in WAB. Garde Capital Inc. purchased a new stake in Westinghouse Air Brake Technologies during the 3rd quarter worth approximately $110,000. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Westinghouse Air Brake Technologies during the fourth quarter worth approximately $204,000. Longboard Asset Management LP bought a new stake in shares of Westinghouse Air Brake Technologies in the fourth quarter worth $252,000. Catalyst Funds Management Pty Ltd raised its holdings in Westinghouse Air Brake Technologies by 200.0% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 1,800 shares of the transportation company’s stock valued at $341,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Westinghouse Air Brake Technologies in the 3rd quarter worth about $386,000. 91.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WAB has been the subject of a number of research reports. Stephens reiterated an “overweight” rating and issued a $220.00 price target on shares of Westinghouse Air Brake Technologies in a research note on Thursday, February 13th. Bank of America raised their price objective on Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $206.33.

Westinghouse Air Brake Technologies Price Performance

Shares of NYSE:WAB opened at $160.91 on Monday. The firm’s 50 day moving average is $188.71 and its two-hundred day moving average is $191.61. The firm has a market capitalization of $27.49 billion, a P/E ratio of 26.69, a PEG ratio of 1.50 and a beta of 1.14. The company has a current ratio of 1.30, a quick ratio of 0.69 and a debt-to-equity ratio of 0.34. Westinghouse Air Brake Technologies Co. has a 52 week low of $143.22 and a 52 week high of $210.88.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its quarterly earnings data on Wednesday, February 12th. The transportation company reported $1.68 earnings per share 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%. Analysts anticipate that Westinghouse Air Brake Technologies Co. will post 8.54 earnings per share for the current year.

Westinghouse Air Brake Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were issued a $0.25 dividend. This is a positive change from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, February 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.62%. Westinghouse Air Brake Technologies’s dividend payout ratio is 16.58%.

Insider Buying and Selling

In other news, CEO Rafael Santana sold 886 shares of Westinghouse Air Brake Technologies stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $185.07, for a total value of $163,972.02. Following the transaction, the chief executive officer now owns 201,558 shares of the company’s stock, valued at $37,302,339.06. The trade was a 0.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.10% of the stock is 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.