Hartford Investment Management Co. Sells 453 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB)

Hartford Investment Management Co. lessened its holdings in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 4.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,649 shares of the transportation company’s stock after selling 453 shares during the quarter. Hartford Investment Management Co.’s holdings in Westinghouse Air Brake Technologies were worth $2,019,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WAB. V Square Quantitative Management LLC boosted its position in Westinghouse Air Brake Technologies by 22.7% during the third quarter. V Square Quantitative Management LLC now owns 2,461 shares of the transportation company’s stock worth $447,000 after purchasing an additional 455 shares during the period. Border to Coast Pensions Partnership Ltd boosted its position in Westinghouse Air Brake Technologies by 4.5% during 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 purchasing an additional 8,575 shares during the period. Eastern Bank bought a new position in Westinghouse Air Brake Technologies during the third quarter worth about $33,000. Forsta AP Fonden boosted its position in 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 worth $9,198,000 after purchasing an additional 2,100 shares during the period. Finally, Bridges Investment Management Inc. boosted its position in Westinghouse Air Brake Technologies by 3.4% during the third quarter. Bridges Investment Management Inc. now owns 2,357 shares of the transportation company’s stock worth $428,000 after purchasing an additional 77 shares during the period. Institutional investors own 91.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on WAB shares. Susquehanna increased their target price on shares of Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the stock a “positive” rating in a research report on Monday, October 21st. Bank of America raised their price objective on shares of Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. The Goldman Sachs Group raised their price objective on shares of Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. KeyCorp raised their price objective on shares of Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Finally, Stephens restated an “overweight” rating and issued a $220.00 price objective on shares of Westinghouse Air Brake Technologies in a research report on Thursday. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Westinghouse Air Brake Technologies has a consensus rating of “Moderate Buy” and an average price target of $190.38.

Westinghouse Air Brake Technologies Trading Up 3.8 %

Shares of WAB opened at $196.52 on Friday. The firm’s 50 day simple moving average is $199.00 and its 200 day simple moving average is $186.08. The company has a market capitalization of $33.78 billion, a P/E ratio of 32.75, a P/E/G ratio of 1.33 and a beta of 1.27. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.65. Westinghouse Air Brake Technologies Co. has a 1-year low of $131.33 and a 1-year high of $210.88.

Westinghouse Air Brake Technologies (NYSE:WAB) last announced its earnings results on Wednesday, February 12th. The transportation company reported $1.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.06). Westinghouse Air Brake Technologies had a net margin of 10.25% and a return on equity of 12.52%. Sell-side analysts forecast that Westinghouse Air Brake Technologies Co. will post 7.6 earnings per share for the current fiscal year.

Westinghouse Air Brake Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be paid a $0.25 dividend. This is an increase from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Friday, February 21st. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is currently 13.33%.

Westinghouse Air Brake Technologies Company 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.