New York State Common Retirement Fund Has $27.75 Million Stake in Westinghouse Air Brake Technologies Corporation (WAB)

New York State Common Retirement Fund grew its stake in Westinghouse Air Brake Technologies Corporation (NYSE:WAB) by 5.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 366,353 shares of the transportation company’s stock after purchasing an additional 18,600 shares during the period. New York State Common Retirement Fund owned approximately 0.38% of Westinghouse Air Brake Technologies worth $27,751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Commonwealth Bank of Australia lifted its holdings in Westinghouse Air Brake Technologies by 15.8% in the second quarter. Commonwealth Bank of Australia now owns 168,495 shares of the transportation company’s stock valued at $15,416,000 after acquiring an additional 22,988 shares during the last quarter. Capital Counsel LLC NY lifted its holdings in Westinghouse Air Brake Technologies by 1.6% in the second quarter. Capital Counsel LLC NY now owns 869,836 shares of the transportation company’s stock valued at $79,590,000 after acquiring an additional 13,918 shares during the last quarter. Harvey Investment Co. LLC lifted its holdings in Westinghouse Air Brake Technologies by 7.4% in the third quarter. Harvey Investment Co. LLC now owns 177,710 shares of the transportation company’s stock valued at $13,462,000 after acquiring an additional 12,220 shares during the last quarter. Hikari Power Ltd lifted its holdings in Westinghouse Air Brake Technologies by 622.4% in the second quarter. Hikari Power Ltd now owns 171,200 shares of the transportation company’s stock valued at $15,665,000 after acquiring an additional 147,500 shares during the last quarter. Finally, FDx Advisors Inc. lifted its holdings in Westinghouse Air Brake Technologies by 18.8% in the third quarter. FDx Advisors Inc. now owns 22,302 shares of the transportation company’s stock valued at $1,689,000 after acquiring an additional 3,524 shares during the last quarter.

WAB has been the topic of a number of recent analyst reports. BidaskClub cut Westinghouse Air Brake Technologies from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Berenberg Bank initiated coverage on Westinghouse Air Brake Technologies in a report on Thursday, September 7th. They issued a “hold” rating and a $81.00 price objective on the stock. KeyCorp reiterated a “buy” rating and issued a $100.00 price objective on shares of Westinghouse Air Brake Technologies in a report on Sunday, September 17th. Stifel Nicolaus reiterated a “hold” rating and issued a $75.00 price objective (up from $74.00) on shares of Westinghouse Air Brake Technologies in a report on Wednesday, October 25th. Finally, FBR & Co set a $85.00 price objective on Westinghouse Air Brake Technologies and gave the company a “hold” rating in a report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Westinghouse Air Brake Technologies has a consensus rating of “Hold” and an average target price of $87.75.

Westinghouse Air Brake Technologies Corporation (NYSE WAB) traded up $0.76 during trading hours on Monday, reaching $76.23. The company’s stock had a trading volume of 461,300 shares, compared to its average volume of 793,223. The company has a quick ratio of 1.03, a current ratio of 1.55 and a debt-to-equity ratio of 0.67. Westinghouse Air Brake Technologies Corporation has a one year low of $69.20 and a one year high of $93.81. The firm has a market capitalization of $7,318.02, a PE ratio of 22.89, a price-to-earnings-growth ratio of 1.90 and a beta of 1.08.

Westinghouse Air Brake Technologies (NYSE:WAB) last released its quarterly earnings results on Tuesday, October 24th. The transportation company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.04. Westinghouse Air Brake Technologies had a return on equity of 11.85% and a net margin of 7.04%. The company had revenue of $957.93 million for the quarter, compared to analysts’ expectations of $947.18 million. During the same period in the prior year, the firm earned $0.94 earnings per share. The firm’s revenue was up 41.8% compared to the same quarter last year. equities analysts predict that Westinghouse Air Brake Technologies Corporation will post 3.48 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, November 27th. Shareholders of record on Monday, November 13th were paid 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 was Friday, November 10th. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is 18.18%.

In other Westinghouse Air Brake Technologies news, Director Robert J. Brooks sold 3,500 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $77.66, for a total transaction of $271,810.00. Following the transaction, the director now directly owns 84,221 shares in the company, valued at $6,540,602.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David L. Deninno sold 1,917 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $76.10, for a total value of $145,883.70. Following the transaction, the vice president now owns 56,131 shares in the company, valued at $4,271,569.10. The disclosure for this sale can be found here. 11.69% of the stock is owned by corporate insiders.

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About Westinghouse Air Brake Technologies

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.

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

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