BNP Paribas Financial Markets Acquires 13,683 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB)

BNP Paribas Financial Markets raised its holdings in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 5.2% in the third quarter, Holdings Channel.com reports. The firm owned 278,729 shares of the transportation company’s stock after purchasing an additional 13,683 shares during the period. BNP Paribas Financial Markets’ holdings in Westinghouse Air Brake Technologies were worth $50,665,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Rhumbline Advisers boosted its stake in Westinghouse Air Brake Technologies by 2.1% in the 2nd quarter. Rhumbline Advisers now owns 335,483 shares of the transportation company’s stock worth $53,023,000 after purchasing an additional 7,012 shares in the last quarter. Border to Coast Pensions Partnership Ltd lifted its stake in shares of Westinghouse Air Brake Technologies by 4.5% in the third quarter. Border to Coast Pensions Partnership Ltd now owns 201,011 shares of the transportation company’s stock worth $36,431,000 after buying an additional 8,575 shares in the last quarter. Forsta AP Fonden grew its holdings in shares of Westinghouse Air Brake Technologies by 4.3% during the third quarter. Forsta AP Fonden now owns 50,600 shares of the transportation company’s stock valued at $9,198,000 after buying an additional 2,100 shares during the last quarter. DNB Asset Management AS increased its position in shares of Westinghouse Air Brake Technologies by 3.9% during the second quarter. DNB Asset Management AS now owns 46,343 shares of the transportation company’s stock valued at $7,325,000 after acquiring an additional 1,729 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Westinghouse Air Brake Technologies during the third quarter valued at approximately $7,128,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Westinghouse Air Brake Technologies news, VP David L. Deninno sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $188.60, for a total transaction of $1,886,000.00. Following the sale, the vice president now owns 55,352 shares in the company, valued at approximately $10,439,387.20. This trade represents a 15.30 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Albert J. Neupaver sold 35,722 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $188.70, for a total transaction of $6,740,741.40. Following the completion of the transaction, the director now owns 614,447 shares of the company’s stock, valued at approximately $115,946,148.90. The trade was a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,393 shares of company stock valued at $9,350,243 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on WAB. The Goldman Sachs Group increased their target price on Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. KeyCorp upped their price target on Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Stephens lifted their price objective on Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Finally, Susquehanna upped their target price on shares of Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the company a “positive” rating in a research note on Monday, October 21st. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Westinghouse Air Brake Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $175.30.

Westinghouse Air Brake Technologies Stock Performance

WAB opened at $200.04 on Friday. Westinghouse Air Brake Technologies Co. has a 12-month low of $114.45 and a 12-month high of $203.04. The company has a market cap of $34.38 billion, a price-to-earnings ratio of 33.34, a PEG ratio of 1.45 and a beta of 1.27. The company has a current ratio of 1.30, a quick ratio of 0.65 and a debt-to-equity ratio of 0.34. The company’s 50 day moving average is $189.71 and its 200 day moving average is $172.33.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.13. Westinghouse Air Brake Technologies had a net margin of 10.25% and a return on equity of 12.52%. The firm had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter in the previous year, the firm posted $1.70 EPS. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities research analysts predict that Westinghouse Air Brake Technologies Co. will post 7.61 EPS for the current year.

Westinghouse Air Brake Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.40%. The ex-dividend date was Wednesday, November 13th. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is currently 13.33%.

Westinghouse Air Brake Technologies Profile

Westinghouse Air Brake Technologies Corporation, together with its subsidiaries, provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It offers diesel-electric, battery, and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products.