Zevin Asset Management LLC trimmed its position in shares of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) by 9.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,933 shares of the transportation company’s stock after selling 800 shares during the period. Zevin Asset Management LLC’s holdings in Westinghouse Air Brake Technologies were worth $646,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Sterling Capital Management LLC lifted its holdings in shares of Westinghouse Air Brake Technologies by 43.6% in the second quarter. Sterling Capital Management LLC now owns 40,153 shares of the transportation company’s stock worth $3,674,000 after acquiring an additional 12,184 shares during the last quarter. Kingfisher Capital LLC lifted its holdings in shares of Westinghouse Air Brake Technologies by 3.0% in the second quarter. Kingfisher Capital LLC now owns 13,580 shares of the transportation company’s stock worth $1,243,000 after acquiring an additional 392 shares during the last quarter. Tandem Investment Advisors Inc. lifted its holdings in shares of Westinghouse Air Brake Technologies by 0.7% in the second quarter. Tandem Investment Advisors Inc. now owns 68,342 shares of the transportation company’s stock worth $6,253,000 after acquiring an additional 474 shares during the last quarter. Lord Abbett & CO. LLC lifted its holdings in shares of Westinghouse Air Brake Technologies by 15.7% in the second quarter. Lord Abbett & CO. LLC now owns 1,218,217 shares of the transportation company’s stock worth $111,467,000 after acquiring an additional 165,735 shares during the last quarter. Finally, Hikari Tsushin Inc. lifted its holdings in shares of Westinghouse Air Brake Technologies by 99.1% in the second quarter. Hikari Tsushin Inc. now owns 22,100 shares of the transportation company’s stock worth $2,022,000 after acquiring an additional 11,000 shares during the last quarter.

A number of research analysts have recently commented on WAB shares. Zacks Investment Research raised shares of Westinghouse Air Brake Technologies from a “sell” rating to a “buy” rating and set a $84.00 target price for the company in a report on Wednesday, October 18th. Cowen started coverage on shares of Westinghouse Air Brake Technologies in a report on Wednesday, December 13th. They issued an “outperform” rating and a $90.00 target price for the company. Seaport Global Securities started coverage on shares of Westinghouse Air Brake Technologies in a report on Thursday, January 4th. They issued a “buy” rating and a $90.00 target price for the company. Buckingham Research dropped their target price on shares of 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. Finally, FBR & Co set a $85.00 target price on shares of Westinghouse Air Brake Technologies and gave the stock a “hold” rating in a report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $87.44.

Shares of Westinghouse Air Brake Technologies Corporation (WAB) traded down $0.72 during midday trading on Monday, reaching $72.68. 111,533 shares of the company were exchanged, compared to its average volume of 686,105. The company has a market cap of $7,046.35, a price-to-earnings ratio of 27.80, a PEG ratio of 1.57 and a beta of 1.00. Westinghouse Air Brake Technologies Corporation has a 1-year low of $69.20 and a 1-year high of $93.81. The company has a current ratio of 1.55, a quick ratio of 1.03 and a debt-to-equity ratio of 0.67.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.48 dividend on an annualized basis and a yield of 0.66%. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is presently 18.18%.

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Westinghouse Air Brake Technologies 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 (NYSE:WAB)

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