Westinghouse Air Brake Technologies Corporation (WAB) Stake Decreased by Clean Yield Group

Clean Yield Group decreased its stake in Westinghouse Air Brake Technologies Corporation (NYSE:WAB) by 6.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 11,303 shares of the transportation company’s stock after selling 775 shares during the period. Clean Yield Group’s holdings in Westinghouse Air Brake Technologies Corporation were worth $1,016,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Tredje AP fonden acquired a new position in Westinghouse Air Brake Technologies Corporation during the first quarter valued at $183,000. Buffington Mohr McNeal raised its position in shares of Westinghouse Air Brake Technologies Corporation by 34.3% in the first quarter. Buffington Mohr McNeal now owns 9,980 shares of the transportation company’s stock valued at $778,000 after buying an additional 2,550 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Westinghouse Air Brake Technologies Corporation by 40.2% in the first quarter. SG Americas Securities LLC now owns 36,995 shares of the transportation company’s stock valued at $2,886,000 after buying an additional 10,607 shares in the last quarter. Karp Capital Management Corp purchased a new position in shares of Westinghouse Air Brake Technologies Corporation during the first quarter valued at about $2,928,000. Finally, Symphony Asset Management LLC raised its position in shares of Westinghouse Air Brake Technologies Corporation by 24.7% in the first quarter. Symphony Asset Management LLC now owns 39,319 shares of the transportation company’s stock valued at $3,066,000 after buying an additional 7,791 shares in the last quarter.

Westinghouse Air Brake Technologies Corporation (NYSE WAB) traded up 0.75% on Friday, reaching $72.81. The company’s stock had a trading volume of 1,066,628 shares. The firm has a market cap of $6.99 billion, a P/E ratio of 25.62 and a beta of 1.03. Westinghouse Air Brake Technologies Corporation has a 12 month low of $71.00 and a 12 month high of $93.81. The firm’s 50 day moving average is $84.12 and its 200-day moving average is $82.70.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) last announced its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by $0.14. Westinghouse Air Brake Technologies Corporation had a return on equity of 13.07% and a net margin of 8.10%. The company had revenue of $932.25 million during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the firm earned $1.00 earnings per share. The business’s revenue was up 28.8% compared to the same quarter last year. On average, equities research analysts anticipate that Westinghouse Air Brake Technologies Corporation will post $3.57 EPS for the current year.

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Several equities analysts recently issued reports on WAB shares. Stifel Nicolaus boosted their price target on Westinghouse Air Brake Technologies Corporation from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Buckingham Research initiated coverage on Westinghouse Air Brake Technologies Corporation in a research note on Wednesday, June 21st. They issued a “buy” rating and a $104.00 price objective on the stock. BidaskClub upgraded Westinghouse Air Brake Technologies Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Zacks Investment Research upgraded Westinghouse Air Brake Technologies Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, Deutsche Bank AG lowered Westinghouse Air Brake Technologies Corporation from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a research note on Thursday, July 13th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Westinghouse Air Brake Technologies Corporation has a consensus rating of “Hold” and a consensus price target of $92.63.

In related news, Director Brian Hehir sold 2,234 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $80.11, for a total transaction of $178,965.74. Following the completion of the sale, the director now directly owns 24,905 shares in the company, valued at $1,995,139.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 11.69% of the company’s stock.

About Westinghouse Air Brake Technologies Corporation

Westinghouse Air Brake Technologies Corporation (Wabtec), doing business as Wabtec Corporation, is a provider of technology-based equipment and services for the global freight and transit rail industries. The Company’s segments include the Freight Segment and the Transit Segment. The Freight Segment primarily 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.

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

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