Windward Capital Management Co. CA Purchases Shares of 2,686 Westinghouse Air Brake Technologies Corporation (WAB)

Windward Capital Management Co. CA purchased a new stake in Westinghouse Air Brake Technologies Corporation (NYSE:WAB) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,686 shares of the transportation company’s stock, valued at approximately $219,000.

A number of other institutional investors and hedge funds have also bought and sold shares of WAB. Beck Mack & Oliver LLC grew its holdings in Westinghouse Air Brake Technologies by 75.8% in the 3rd quarter. Beck Mack & Oliver LLC now owns 596,459 shares of the transportation company’s stock valued at $45,182,000 after buying an additional 257,150 shares during the period. Lord Abbett & CO. LLC grew its holdings in Westinghouse Air Brake Technologies by 15.7% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,218,217 shares of the transportation company’s stock valued at $111,467,000 after buying an additional 165,735 shares during the period. Quantitative Investment Management LLC purchased a new stake in Westinghouse Air Brake Technologies in the 2nd quarter valued at about $11,419,000. Tudor Investment Corp ET AL purchased a new stake in Westinghouse Air Brake Technologies in the 2nd quarter valued at about $2,745,000. Finally, New York State Common Retirement Fund grew its holdings in Westinghouse Air Brake Technologies by 5.3% in the 3rd quarter. New York State Common Retirement Fund now owns 366,353 shares of the transportation company’s stock valued at $27,751,000 after buying an additional 18,600 shares during the period.

Several analysts have commented on WAB shares. Zacks Investment Research cut Westinghouse Air Brake Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. Cowen started coverage on Westinghouse Air Brake Technologies in a report on Wednesday, December 13th. They issued an “outperform” rating and a $90.00 price target for the company. Stifel Nicolaus restated a “hold” rating and issued a $75.00 price target (up previously from $74.00) on shares of Westinghouse Air Brake Technologies in a report on Wednesday, October 25th. KeyCorp restated a “buy” rating and issued a $100.00 price target on shares of Westinghouse Air Brake Technologies in a report on Sunday, September 17th. Finally, Buckingham Research lowered their price target on Westinghouse Air Brake Technologies from $100.00 to $97.00 and set a “buy” rating for the company in a report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. Westinghouse Air Brake Technologies presently has an average rating of “Hold” and a consensus target price of $87.44.

Shares of Westinghouse Air Brake Technologies Corporation (WAB) opened at $82.38 on Thursday. The company has a current ratio of 1.55, a quick ratio of 1.03 and a debt-to-equity ratio of 0.67. Westinghouse Air Brake Technologies Corporation has a fifty-two week low of $69.20 and a fifty-two week high of $93.81. The stock has a market capitalization of $7,910.00, a PE ratio of 31.32, a PEG ratio of 1.75 and a beta of 1.08.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its earnings results on Tuesday, October 24th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 business had revenue of $957.93 million during the quarter, compared to analysts’ expectations of $947.18 million. During the same quarter in the previous year, the business earned $0.94 EPS. The company’s revenue for the quarter was up 41.8% on a year-over-year basis. research analysts expect that Westinghouse Air Brake Technologies Corporation will post 3.48 earnings per share for the current fiscal year.

In other news, Director Robert J. Brooks sold 3,500 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $77.66, for a total transaction of $271,810.00. Following the completion of the sale, the director now owns 84,221 shares in the company, valued at approximately $6,540,602.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David L. Deninno sold 1,917 shares of the business’s stock in a transaction that occurred 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 directly 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 currently owned by 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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