RPG Investment Advisory LLC Increases Holdings in Westinghouse Air Brake Technologies Corp (WAB)

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RPG Investment Advisory LLC raised its position in Westinghouse Air Brake Technologies Corp (NYSE:WAB) by 545.0% during the first quarter, HoldingsChannel reports. The firm owned 645 shares of the transportation company’s stock after purchasing an additional 545 shares during the period. RPG Investment Advisory LLC’s holdings in Westinghouse Air Brake Technologies were worth $48,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in WAB. Resources Management Corp CT ADV acquired a new stake in shares of Westinghouse Air Brake Technologies in the 3rd quarter worth $292,000. Rhumbline Advisers increased its stake in shares of Westinghouse Air Brake Technologies by 43.8% in the 4th quarter. Rhumbline Advisers now owns 224,625 shares of the transportation company’s stock worth $15,780,000 after acquiring an additional 68,390 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Westinghouse Air Brake Technologies by 32.9% in the 4th quarter. Canada Pension Plan Investment Board now owns 407,310 shares of the transportation company’s stock worth $28,611,000 after acquiring an additional 100,900 shares during the last quarter. Piedmont Investment Advisors Inc. increased its stake in shares of Westinghouse Air Brake Technologies by 100.2% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 4,526 shares of the transportation company’s stock worth $318,000 after acquiring an additional 2,265 shares during the last quarter. Finally, Berman Capital Advisors LLC acquired a new stake in shares of Westinghouse Air Brake Technologies in the 4th quarter worth $127,000. Institutional investors own 99.61% of the company’s stock.

In related news, Director Linda S. Harty sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of $75.68, for a total transaction of $227,040.00. Following the completion of the transaction, the director now directly owns 6,054 shares in the company, valued at approximately $458,166.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 11.49% of the company’s stock.

A number of brokerages have issued reports on WAB. Buckingham Research cut their target price on Westinghouse Air Brake Technologies from $94.00 to $93.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. ValuEngine raised Westinghouse Air Brake Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Stephens set a $92.00 price objective on Westinghouse Air Brake Technologies and gave the stock a “buy” rating in a research report on Tuesday, February 26th. Mizuho reissued a “hold” rating on shares of Westinghouse Air Brake Technologies in a research report on Tuesday, February 26th. Finally, Jefferies Financial Group assumed coverage on Westinghouse Air Brake Technologies in a research report on Friday, February 22nd. They set a “hold” rating and a $80.00 price objective for the company. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $97.27.

Shares of Westinghouse Air Brake Technologies stock opened at $75.65 on Tuesday. Westinghouse Air Brake Technologies Corp has a 12 month low of $65.09 and a 12 month high of $115.40. The stock has a market cap of $7.31 billion, a P/E ratio of 19.86, a PEG ratio of 1.67 and a beta of 1.31. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.70 and a quick ratio of 2.19.

Westinghouse Air Brake Technologies (NYSE:WAB) last announced its earnings results on Monday, February 25th. The transportation company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.05). Westinghouse Air Brake Technologies had a net margin of 6.76% and a return on equity of 12.63%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.10 billion. As a group, equities analysts expect that Westinghouse Air Brake Technologies Corp will post 4.18 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Thursday, May 9th. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is 12.60%.

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About Westinghouse Air Brake Technologies

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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