Hikari Power Ltd Buys 9,470 Shares of Westinghouse Air Brake Technologies Corporation (WAB)

Hikari Power Ltd lifted its holdings in shares of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) by 5.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 192,770 shares of the transportation company’s stock after acquiring an additional 9,470 shares during the quarter. Westinghouse Air Brake Technologies accounts for about 1.9% of Hikari Power Ltd’s investment portfolio, making the stock its 16th largest holding. Hikari Power Ltd’s holdings in Westinghouse Air Brake Technologies were worth $15,697,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lord Abbett & CO. LLC grew its holdings in shares of Westinghouse Air Brake Technologies by 15.7% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,218,217 shares of the transportation company’s stock worth $111,467,000 after purchasing an additional 165,735 shares during the period. Williams Jones & Associates LLC grew its holdings in shares of Westinghouse Air Brake Technologies by 0.7% during the 2nd quarter. Williams Jones & Associates LLC now owns 634,323 shares of the transportation company’s stock worth $58,041,000 after purchasing an additional 4,275 shares during the period. Beck Mack & Oliver LLC grew its holdings in shares of Westinghouse Air Brake Technologies by 75.8% during the 3rd quarter. Beck Mack & Oliver LLC now owns 596,459 shares of the transportation company’s stock worth $45,182,000 after purchasing an additional 257,150 shares during the period. New York State Common Retirement Fund grew its holdings in shares of Westinghouse Air Brake Technologies by 5.3% during the 3rd quarter. New York State Common Retirement Fund now owns 366,353 shares of the transportation company’s stock worth $27,751,000 after purchasing an additional 18,600 shares during the period. Finally, Commonwealth Bank of Australia grew its holdings in shares of Westinghouse Air Brake Technologies by 9.5% during the 3rd quarter. Commonwealth Bank of Australia now owns 184,490 shares of the transportation company’s stock worth $13,973,000 after purchasing an additional 15,995 shares during the period.

In related news, Director Robert J. Brooks sold 3,500 shares of the firm’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 transaction, the director now directly 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 is accessible through this hyperlink. Also, VP David L. Deninno sold 1,917 shares of the firm’s stock in a transaction dated Monday, October 30th. The shares were 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 of the company’s stock, valued at $4,271,569.10. The disclosure for this sale can be found here. Company insiders own 11.69% of the company’s stock.

WAB has been the subject of a number of research analyst reports. KeyCorp reiterated a “buy” rating and set a $100.00 price target on shares of Westinghouse Air Brake Technologies in a report on Sunday, September 17th. Stifel Nicolaus reiterated a “hold” rating and set a $75.00 price target (up from $74.00) on shares of Westinghouse Air Brake Technologies in a report on Wednesday, October 25th. Zacks Investment Research cut Westinghouse Air Brake Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. FBR & Co set a $85.00 price target on Westinghouse Air Brake Technologies and gave the stock a “hold” rating in a report on Wednesday, October 25th. Finally, B. Riley reiterated a “neutral” rating on shares of Westinghouse Air Brake Technologies in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. Westinghouse Air Brake Technologies presently has a consensus rating of “Hold” and a consensus target price of $87.44.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) opened at $84.02 on Friday. Westinghouse Air Brake Technologies Corporation has a twelve month low of $69.20 and a twelve month high of $93.81. The company has a market capitalization of $8,070.00, a PE ratio of 31.95, a P/E/G ratio of 1.75 and a beta of 1.08. 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 (NYSE:WAB) last announced its earnings results on Tuesday, October 24th. The transportation company reported $0.88 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $947.18 million. During the same period last year, the business posted $0.94 EPS. Westinghouse Air Brake Technologies’s revenue for the quarter was up 41.8% on a year-over-year basis. equities analysts anticipate that Westinghouse Air Brake Technologies Corporation will post 3.48 earnings per share for the current fiscal year.

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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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