WASHINGTON TRUST Co Sells 3,833 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB)

WASHINGTON TRUST Co decreased its stake in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 2.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 144,275 shares of the transportation company’s stock after selling 3,833 shares during the quarter. Westinghouse Air Brake Technologies accounts for about 0.9% of WASHINGTON TRUST Co’s investment portfolio, making the stock its 24th biggest position. WASHINGTON TRUST Co owned about 0.08% of Westinghouse Air Brake Technologies worth $26,225,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pinnacle Bancorp Inc. boosted its position in shares of Westinghouse Air Brake Technologies by 55.0% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 155 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 55 shares in the last quarter. Eastern Bank acquired a new stake in shares of Westinghouse Air Brake Technologies during the 3rd quarter valued at about $33,000. Massmutual Trust Co. FSB ADV boosted its position in shares of Westinghouse Air Brake Technologies by 26.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the transportation company’s stock valued at $90,000 after acquiring an additional 118 shares in the last quarter. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Westinghouse Air Brake Technologies during the 1st quarter valued at about $204,000. Finally, Bridges Investment Management Inc. acquired a new stake in shares of Westinghouse Air Brake Technologies during the 2nd quarter valued at about $360,000. Institutional investors own 91.69% of the company’s stock.

Insider Buying and Selling

In other Westinghouse Air Brake Technologies news, VP David L. Deninno sold 10,000 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $188.60, for a total transaction of $1,886,000.00. Following the sale, the vice president now directly owns 55,352 shares in the company, valued at $10,439,387.20. 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 at the SEC website. In other Westinghouse Air Brake Technologies news, VP David L. Deninno sold 10,000 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $188.60, for a total transaction of $1,886,000.00. Following the sale, the vice president now directly owns 55,352 shares in the company, valued at $10,439,387.20. 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 at the SEC website. Also, insider Alicia Hammersmith sold 4,169 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $165.54, for a total transaction of $690,136.26. Following the sale, the insider now owns 5,606 shares in the company, valued at $928,017.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,392 shares of company stock valued at $4,478,770. 1.10% of the stock is owned by company insiders.

Westinghouse Air Brake Technologies Stock Performance

WAB stock traded down $2.40 during trading hours on Wednesday, reaching $187.69. The stock had a trading volume of 166,784 shares, compared to its average volume of 1,083,589. The stock has a market capitalization of $32.26 billion, a PE ratio of 31.68, a price-to-earnings-growth ratio of 1.48 and a beta of 1.27. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.65. The stock has a 50-day simple moving average of $177.14 and a 200 day simple moving average of $166.68. Westinghouse Air Brake Technologies Co. has a fifty-two week low of $104.45 and a fifty-two week high of $192.48.

Westinghouse Air Brake Technologies (NYSE:WAB) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.13. The firm had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.68 billion. Westinghouse Air Brake Technologies had a net margin of 10.25% and a return on equity of 12.52%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.70 earnings per share. Analysts predict that Westinghouse Air Brake Technologies Co. will post 7.53 EPS for the current fiscal year.

Westinghouse Air Brake Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Wednesday, November 13th. Westinghouse Air Brake Technologies’s payout ratio is presently 13.33%.

Analysts Set New Price Targets

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

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.