Westinghouse Air Brake Technologies Corporation (WAB) Shares Sold by Appleton Partners Inc. MA

Appleton Partners Inc. MA lowered its position in Westinghouse Air Brake Technologies Corporation (NYSE:WAB) by 3.0% during the 4th quarter, HoldingsChannel reports. The firm owned 42,160 shares of the transportation company’s stock after selling 1,320 shares during the quarter. Appleton Partners Inc. MA’s holdings in Westinghouse Air Brake Technologies were worth $3,433,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in WAB. Fieldpoint Private Securities LLC grew its stake in Westinghouse Air Brake Technologies by 49.4% in the third quarter. Fieldpoint Private Securities LLC now owns 2,390 shares of the transportation company’s stock worth $181,000 after purchasing an additional 790 shares in the last quarter. Windward Capital Management Co. CA bought a new position in Westinghouse Air Brake Technologies in the fourth quarter worth approximately $219,000. Tredje AP fonden grew its stake in Westinghouse Air Brake Technologies by 15.7% in the second quarter. Tredje AP fonden now owns 2,720 shares of the transportation company’s stock worth $249,000 after purchasing an additional 370 shares in the last quarter. Pacer Advisors Inc. grew its stake in Westinghouse Air Brake Technologies by 873.0% in the third quarter. Pacer Advisors Inc. now owns 15,860 shares of the transportation company’s stock worth $1,201,000 after purchasing an additional 14,230 shares in the last quarter. Finally, Kingfisher Capital LLC grew its stake in 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 purchasing an additional 392 shares in the last quarter.

Shares of Westinghouse Air Brake Technologies Corporation (WAB) traded up $1.64 during midday trading on Friday, reaching $84.02. The company’s stock had a trading volume of 351,600 shares, compared to its average volume of 609,000. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.55 and a quick ratio of 1.03. The company has a market cap of $8,140.00, a PE ratio of 31.95, a PEG ratio of 1.75 and a beta of 1.08. Westinghouse Air Brake Technologies Corporation has a 1-year low of $69.20 and a 1-year high of $93.81.

Westinghouse Air Brake Technologies (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 consensus estimate of $0.84 by $0.04. The business had revenue of $957.93 million for the quarter, compared to analysts’ expectations of $947.18 million. Westinghouse Air Brake Technologies had a return on equity of 11.85% and a net margin of 7.04%. The business’s revenue for the quarter was up 41.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.94 EPS. analysts forecast that Westinghouse Air Brake Technologies Corporation will post 3.48 EPS for the current year.

Several research analysts recently issued reports on the company. Seaport Global Securities assumed coverage on Westinghouse Air Brake Technologies in a research note on Thursday, January 4th. They issued a “buy” rating and a $90.00 price objective on the stock. Zacks Investment Research cut Westinghouse Air Brake Technologies from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Buckingham Research dropped their price objective on Westinghouse Air Brake Technologies from $100.00 to $97.00 and set a “buy” rating on the stock in a research note on Wednesday, October 25th. Cowen began coverage on Westinghouse Air Brake Technologies in a research note on Wednesday, December 13th. They issued an “outperform” rating and a $90.00 price objective on the stock. Finally, B. Riley reaffirmed a “neutral” rating on shares of Westinghouse Air Brake Technologies in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $87.44.

In other news, Director Robert J. Brooks sold 3,500 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $77.66, for a total value of $271,810.00. Following the completion of the sale, the director now owns 84,221 shares of the company’s stock, valued at approximately $6,540,602.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David L. Deninno sold 1,917 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $76.10, for a total value of $145,883.70. Following the completion of the sale, the vice president now directly owns 56,131 shares of the company’s stock, valued at approximately $4,271,569.10. The disclosure for this sale can be found here. 11.69% of the stock is currently owned by company insiders.

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Westinghouse Air Brake Technologies 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 (NYSE:WAB)

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