Westinghouse Air Brake Technologies Corp (WAB) Holdings Boosted by California Public Employees Retir


California Public Employees Retirement System raised its stake in Westinghouse Air Brake Technologies Corp (NYSE:WAB) by 2.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 212,509 shares of the transportation company’s stock after purchasing an additional 5,052 shares during the period. California Public Employees Retirement System owned 0.22% of Westinghouse Air Brake Technologies worth $17,298,000 as of its most recent SEC filing.


A number of other institutional investors also recently made changes to their positions in the business. Great West Life Assurance Co. Can increased its stake in Westinghouse Air Brake Technologies by 1.3% in the first quarter. Great West Life Assurance Co. Can now owns 88,162 shares of the transportation company’s stock valued at $7,179,000 after purchasing an additional 1,160 shares during the last quarter. New York State Common Retirement Fund increased its stake in Westinghouse Air Brake Technologies by 1.7% in the first quarter. New York State Common Retirement Fund now owns 363,646 shares of the transportation company’s stock valued at $29,601,000 after purchasing an additional 6,200 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in Westinghouse Air Brake Technologies by 2.8% in the first quarter. Municipal Employees Retirement System of Michigan now owns 26,570 shares of the transportation company’s stock valued at $2,163,000 after purchasing an additional 730 shares during the last quarter. First Republic Investment Management Inc. increased its stake in Westinghouse Air Brake Technologies by 31.9% in the first quarter. First Republic Investment Management Inc. now owns 146,097 shares of the transportation company’s stock valued at $11,893,000 after purchasing an additional 35,315 shares during the last quarter. Finally, Natixis Advisors L.P. increased its stake in Westinghouse Air Brake Technologies by 151.9% in the first quarter. Natixis Advisors L.P. now owns 68,069 shares of the transportation company’s stock valued at $5,540,000 after purchasing an additional 41,042 shares during the last quarter.


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Shares of Westinghouse Air Brake Technologies opened at $102.69 on Monday, according to Marketbeat.com. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 1.50. The company has a market cap of $9.89 billion, a PE ratio of 29.94, a price-to-earnings-growth ratio of 2.31 and a beta of 0.93. Westinghouse Air Brake Technologies Corp has a 12-month low of $69.20 and a 12-month high of $102.99.

Westinghouse Air Brake Technologies (NYSE:WAB) last announced its earnings results on Tuesday, April 24th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.01 billion. Westinghouse Air Brake Technologies had a net margin of 6.88% and a return on equity of 12.13%. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period last year, the firm posted $0.77 earnings per share. analysts anticipate that Westinghouse Air Brake Technologies Corp will post 3.87 earnings per share for the current year.


The firm also recently announced a quarterly dividend, which was paid on Friday, May 25th. Stockholders of record on Friday, May 11th were given a dividend of $0.12 per share. The ex-dividend date was Thursday, May 10th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.47%. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is presently 13.99%.

In other news, Director Albert J. Neupaver sold 65,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 29th. The shares were sold at an average price of $96.71, for a total transaction of $6,286,150.00. Following the transaction, the director now directly owns 602,591 shares in the company, valued at $58,276,575.61. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Scott Wahlstrom sold 9,000 shares of the stock in a transaction on Friday, May 25th. The stock was sold at an average price of $97.47, for a total value of $877,230.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 81,500 shares of company stock worth $7,892,580. Insiders own 11.49% of the company’s stock.


Several equities analysts have commented on WAB shares. Zacks Investment Research lowered shares of Westinghouse Air Brake Technologies from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Deutsche Bank upgraded shares of Westinghouse Air Brake Technologies from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research note on Monday, May 14th. B. Riley set a $85.00 price target on shares of Westinghouse Air Brake Technologies and gave the company a “hold” rating in a research note on Wednesday, February 21st. Cowen reiterated a “buy” rating and issued a $90.00 price target on shares of Westinghouse Air Brake Technologies in a research note on Tuesday, February 20th. Finally, Wells Fargo & Co set a $100.00 price target on shares of Westinghouse Air Brake Technologies and gave the company an “outperform” rating in a research note on Wednesday, April 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $100.77.


Westinghouse Air Brake Technologies Company Profile

Westinghouse Air Brake Technologies Corporation, doing business as Wabtec Corporation, provides technology-based equipment, systems, and services for the freight rail and passenger transit vehicle industries worldwide. It operates in two segments, Freight and Transit. The Freight segment manufactures and services components for new and existing locomotive and freight cars; supplies railway electronics and positive train control equipment; offers signal design and engineering services; builds switcher locomotives; rebuilds freight locomotives; and provides heat exchangers and cooling systems for rail and other industrial markets.

Institutional Ownership by Quarter for Westinghouse Air Brake Technologies (NYSE:WAB)

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