V Square Quantitative Management LLC Purchases 455 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB)

V Square Quantitative Management LLC lifted its position in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 22.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,461 shares of the transportation company’s stock after acquiring an additional 455 shares during the quarter. V Square Quantitative Management LLC’s holdings in Westinghouse Air Brake Technologies were worth $447,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Pinnacle Bancorp Inc. raised its holdings in Westinghouse Air Brake Technologies by 55.0% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 155 shares of the transportation company’s stock worth $28,000 after purchasing an additional 55 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in shares of Westinghouse Air Brake Technologies by 26.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the transportation company’s stock valued at $90,000 after purchasing an additional 118 shares during the last quarter. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Westinghouse Air Brake Technologies during the 1st quarter worth approximately $204,000. Bridges Investment Management Inc. bought a new stake in shares of Westinghouse Air Brake Technologies during the second quarter worth approximately $360,000. Finally, Greenleaf Trust lifted its holdings in Westinghouse Air Brake Technologies by 4.3% in the first quarter. Greenleaf Trust now owns 3,201 shares of the transportation company’s stock valued at $466,000 after buying an additional 133 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

Insider Activity at Westinghouse Air Brake Technologies

In other Westinghouse Air Brake Technologies news, CTO Eric Gebhardt sold 7,422 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $156.32, for a total transaction of $1,160,207.04. Following the completion of the transaction, the chief technology officer now owns 22,411 shares in the company, valued at approximately $3,503,287.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Nicole B. Theophilus sold 4,801 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $154.64, for a total value of $742,426.64. Following the sale, the executive vice president now owns 15,608 shares of the company’s stock, valued at $2,413,621.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Eric Gebhardt sold 7,422 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $156.32, for a total transaction of $1,160,207.04. Following the completion of the transaction, the chief technology officer now directly owns 22,411 shares of the company’s stock, valued at approximately $3,503,287.52. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,392 shares of company stock valued at $2,754,390. 1.10% of the stock is owned by corporate insiders.

Westinghouse Air Brake Technologies Stock Performance

WAB stock opened at $191.15 on Friday. Westinghouse Air Brake Technologies Co. has a 1-year low of $98.70 and a 1-year high of $191.43. The company has a current ratio of 1.38, a quick ratio of 0.73 and a debt-to-equity ratio of 0.33. The firm has a market cap of $33.72 billion, a PE ratio of 37.33, a P/E/G ratio of 1.57 and a beta of 1.27. The business’s 50-day moving average price is $172.75 and its two-hundred day moving average price is $164.53.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its earnings results on Wednesday, July 24th. The transportation company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.08. Westinghouse Air Brake Technologies had a return on equity of 12.05% and a net margin of 9.94%. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same period in the prior year, the business earned $1.41 EPS. Westinghouse Air Brake Technologies’s revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, research analysts forecast that Westinghouse Air Brake Technologies Co. will post 7.46 earnings per share for the current year.

Westinghouse Air Brake Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, November 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.42%. Westinghouse Air Brake Technologies’s payout ratio is 15.63%.

Analyst Ratings Changes

Separately, Bank of America lifted their target price on shares of Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Westinghouse Air Brake Technologies has a consensus rating of “Moderate Buy” and an average price target of $163.90.

Westinghouse Air Brake Technologies 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.