Zevin Asset Management LLC Has $340,000 Stock Position in Westinghouse Air Brake Technologies Corp (NYSE:WAB)

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Zevin Asset Management LLC cut its stake in Westinghouse Air Brake Technologies Corp (NYSE:WAB) by 10.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,730 shares of the transportation company’s stock after selling 540 shares during the quarter. Zevin Asset Management LLC’s holdings in Westinghouse Air Brake Technologies were worth $340,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of WAB. Coastal Capital Group Inc. bought a new position in shares of Westinghouse Air Brake Technologies in the second quarter valued at approximately $25,000. YorkBridge Wealth Partners LLC grew its holdings in shares of Westinghouse Air Brake Technologies by 72.4% in the second quarter. YorkBridge Wealth Partners LLC now owns 393 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 165 shares in the last quarter. Stonebridge Capital Advisors LLC bought a new position in shares of Westinghouse Air Brake Technologies in the second quarter valued at approximately $49,000. Captrust Financial Advisors grew its holdings in shares of Westinghouse Air Brake Technologies by 47.5% in the second quarter. Captrust Financial Advisors now owns 950 shares of the transportation company’s stock valued at $68,000 after acquiring an additional 306 shares in the last quarter. Finally, Massey Quick Simon & CO. LLC grew its holdings in shares of Westinghouse Air Brake Technologies by 55,450.0% in the third quarter. Massey Quick Simon & CO. LLC now owns 1,111 shares of the transportation company’s stock valued at $80,000 after acquiring an additional 1,109 shares in the last quarter. 92.47% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently issued reports on WAB. Cowen reaffirmed a “buy” rating and issued a $92.00 target price on shares of Westinghouse Air Brake Technologies in a report on Thursday, October 31st. Buckingham Research reduced their target price on Westinghouse Air Brake Technologies from $83.00 to $76.00 and set a “neutral” rating for the company in a report on Friday, October 18th. Bank of America began coverage on Westinghouse Air Brake Technologies in a report on Wednesday, October 16th. They issued an “underperform” rating and a $64.00 target price for the company. Jefferies Financial Group reduced their target price on Westinghouse Air Brake Technologies from $80.00 to $70.00 and set a “hold” rating for the company in a report on Friday, October 11th. Finally, Goldman Sachs Group raised Westinghouse Air Brake Technologies from a “neutral” rating to a “buy” rating and upped their target price for the company from $84.00 to $89.00 in a report on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. Westinghouse Air Brake Technologies has an average rating of “Hold” and an average target price of $81.18.

NYSE WAB traded up $0.25 on Friday, hitting $78.85. 1,029,925 shares of the stock traded hands, compared to its average volume of 1,993,264. The business’s fifty day moving average is $70.38 and its two-hundred day moving average is $70.21. Westinghouse Air Brake Technologies Corp has a 12 month low of $61.00 and a 12 month high of $96.50. The firm has a market capitalization of $15.05 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 1.70 and a beta of 1.43. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.77 and a current ratio of 1.38.

Westinghouse Air Brake Technologies (NYSE:WAB) last announced its quarterly earnings data on Thursday, October 31st. The transportation company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.02. Westinghouse Air Brake Technologies had a return on equity of 7.89% and a net margin of 3.24%. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period in the prior year, the company earned $0.95 earnings per share. Westinghouse Air Brake Technologies’s revenue was up 85.7% compared to the same quarter last year. Analysts expect that Westinghouse Air Brake Technologies Corp will post 4.18 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.61%. The ex-dividend date is Thursday, November 14th. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is 12.60%.

Westinghouse Air Brake Technologies Profile

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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