Tandem Investment Advisors Inc. grew its stake in Westinghouse Air Brake Technologies Corporation (NYSE:WAB) by 5.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,746 shares of the transportation company’s stock after buying an additional 3,404 shares during the period. Westinghouse Air Brake Technologies Corporation accounts for about 2.0% of Tandem Investment Advisors Inc.’s holdings, making the stock its 28th biggest holding. Tandem Investment Advisors Inc. owned 0.07% of Westinghouse Air Brake Technologies Corporation worth $5,435,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. IFP Advisors Inc increased its stake in shares of Westinghouse Air Brake Technologies Corporation by 15.2% in the second quarter. IFP Advisors Inc now owns 1,913 shares of the transportation company’s stock valued at $175,000 after buying an additional 252 shares during the period. Tredje AP fonden increased its stake in shares of Westinghouse Air Brake Technologies Corporation by 15.7% in the second quarter. Tredje AP fonden now owns 2,720 shares of the transportation company’s stock valued at $249,000 after buying an additional 370 shares during the period. Moody Lynn & Lieberson LLC acquired a new stake in shares of Westinghouse Air Brake Technologies Corporation in the second quarter valued at about $520,000. Buffington Mohr McNeal increased its stake in shares of Westinghouse Air Brake Technologies Corporation by 1.9% in the second quarter. Buffington Mohr McNeal now owns 10,165 shares of the transportation company’s stock valued at $930,000 after buying an additional 185 shares during the period. Finally, Kingfisher Capital LLC increased its stake in shares of Westinghouse Air Brake Technologies Corporation by 3.0% in the second quarter. Kingfisher Capital LLC now owns 13,580 shares of the transportation company’s stock valued at $1,243,000 after buying an additional 392 shares during the period.

Several brokerages have recently weighed in on WAB. BidaskClub raised Westinghouse Air Brake Technologies Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 5th. Stifel Nicolaus cut Westinghouse Air Brake Technologies Corporation from a “buy” rating to a “hold” rating and set a $92.00 price target for the company. in a research note on Monday, July 17th. They noted that the move was a valuation call. Deutsche Bank AG cut Westinghouse Air Brake Technologies Corporation from a “buy” rating to a “hold” rating and set a $90.00 price target for the company. in a research note on Thursday, July 13th. Zacks Investment Research raised Westinghouse Air Brake Technologies Corporation from a “sell” rating to a “buy” rating and set a $84.00 price target for the company in a research note on Wednesday. Finally, Edward Jones cut Westinghouse Air Brake Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $88.50.

Shares of Westinghouse Air Brake Technologies Corporation (NYSE WAB) traded up 0.15% on Wednesday, reaching $75.45. The company’s stock had a trading volume of 227,721 shares. The company’s 50 day moving average price is $73.68 and its 200 day moving average price is $79.80. Westinghouse Air Brake Technologies Corporation has a 12-month low of $69.20 and a 12-month high of $93.81. The company has a market cap of $7.24 billion, a P/E ratio of 26.55 and a beta of 1.06.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) last posted its earnings results on Tuesday, July 25th. The transportation company reported $0.80 earnings per share 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 firm had revenue of $932.25 million for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the company posted $1.00 EPS. The firm’s revenue was up 28.8% on a year-over-year basis. Analysts forecast that Westinghouse Air Brake Technologies Corporation will post $3.53 EPS for the current fiscal year.

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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.

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

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