Rhumbline Advisers increased its stake in shares of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) by 8.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 179,773 shares of the transportation company’s stock after purchasing an additional 14,582 shares during the quarter. Rhumbline Advisers owned approximately 0.19% of Westinghouse Air Brake Technologies Corporation worth $13,618,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Commonwealth Bank of Australia lifted its stake in shares of Westinghouse Air Brake Technologies Corporation by 15.8% during the 2nd quarter. Commonwealth Bank of Australia now owns 168,495 shares of the transportation company’s stock worth $15,416,000 after purchasing an additional 22,988 shares during the last quarter. Capital Counsel LLC NY lifted its stake in shares of Westinghouse Air Brake Technologies Corporation by 1.6% during the 2nd quarter. Capital Counsel LLC NY now owns 869,836 shares of the transportation company’s stock worth $79,590,000 after purchasing an additional 13,918 shares during the last quarter. Harvey Investment Co. LLC lifted its stake in shares of Westinghouse Air Brake Technologies Corporation by 7.4% during the 3rd quarter. Harvey Investment Co. LLC now owns 177,710 shares of the transportation company’s stock worth $13,462,000 after purchasing an additional 12,220 shares during the last quarter. Hikari Power Ltd lifted its stake in shares of Westinghouse Air Brake Technologies Corporation by 622.4% during the 2nd quarter. Hikari Power Ltd now owns 171,200 shares of the transportation company’s stock worth $15,665,000 after purchasing an additional 147,500 shares during the last quarter. Finally, FDx Advisors Inc. lifted its stake in shares of Westinghouse Air Brake Technologies Corporation by 18.8% during the 3rd quarter. FDx Advisors Inc. now owns 22,302 shares of the transportation company’s stock worth $1,689,000 after purchasing an additional 3,524 shares during the last quarter.

Shares of Westinghouse Air Brake Technologies Corporation (NYSE WAB) traded down $0.25 during trading hours on Friday, reaching $73.08. The company had a trading volume of 368,700 shares, compared to its average volume of 800,998. Westinghouse Air Brake Technologies Corporation has a 12 month low of $69.20 and a 12 month high of $93.81. The firm has a market cap of $7,015.63, a price-to-earnings ratio of 21.95, a P/E/G ratio of 1.82 and a beta of 1.08. 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 (NYSE:WAB) last announced its earnings results on Tuesday, October 24th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.04. Westinghouse Air Brake Technologies Corporation 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 analyst estimates of $947.18 million. During the same period in the prior year, the company posted $0.94 EPS. The firm’s quarterly revenue was up 41.8% compared to the same quarter last year. equities analysts predict that Westinghouse Air Brake Technologies Corporation will post 3.49 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Monday, November 13th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.66%. The ex-dividend date is Friday, November 10th. Westinghouse Air Brake Technologies Corporation’s dividend payout ratio is currently 18.18%.

A number of equities research analysts recently weighed in on WAB shares. Zacks Investment Research upgraded Westinghouse Air Brake Technologies Corporation from a “sell” rating to a “buy” rating and set a $84.00 price objective for the company in a research note on Wednesday, October 18th. KeyCorp restated a “buy” rating and set a $100.00 price objective on shares of Westinghouse Air Brake Technologies Corporation in a research note on Sunday, September 17th. Berenberg Bank started coverage on Westinghouse Air Brake Technologies Corporation in a research note on Thursday, September 7th. They set a “hold” rating and a $81.00 price objective for the company. Buckingham Research decreased their price objective on Westinghouse Air Brake Technologies Corporation from $100.00 to $97.00 and set a “buy” rating for the company in a research note on Wednesday, October 25th. Finally, Stifel Nicolaus restated a “hold” rating and set a $74.00 price objective on shares of Westinghouse Air Brake Technologies Corporation in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $87.75.

ILLEGAL ACTIVITY WARNING: This report was first reported by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another site, it was stolen and reposted in violation of international copyright & trademark law. The original version of this report can be read at https://www.watchlistnews.com/rhumbline-advisers-raises-holdings-in-westinghouse-air-brake-technologies-corporation-wab/1723946.html.

In related news, VP David L. Deninno sold 1,917 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $76.10, for a total transaction of $145,883.70. Following the transaction, the vice president now directly owns 56,131 shares of the company’s stock, valued at approximately $4,271,569.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert J. Brooks sold 3,500 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $77.66, for a total value 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 disclosure for this sale can be found here. Corporate insiders own 11.69% of the company’s stock.

Westinghouse Air Brake Technologies Corporation Company Profile

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.

Want to see what other hedge funds are holding WAB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Westinghouse Air Brake Technologies Corporation (NYSE:WAB).

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

Receive News & Ratings for Westinghouse Air Brake Technologies Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westinghouse Air Brake Technologies Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.