Westinghouse Air Brake Technologies Corporation (WAB) Holdings Trimmed by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC lessened its holdings in shares of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 290,728 shares of the transportation company’s stock after selling 15,565 shares during the quarter. Frontier Capital Management Co. LLC owned approximately 0.30% of Westinghouse Air Brake Technologies worth $23,674,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in WAB. Fieldpoint Private Securities LLC grew its position in shares of 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 valued at $181,000 after purchasing an additional 790 shares during the last quarter. Windward Capital Management Co. CA acquired a new position in shares of Westinghouse Air Brake Technologies in the fourth quarter valued at approximately $219,000. Tredje AP fonden grew its position in shares of Westinghouse Air Brake Technologies by 92.6% in the third quarter. Tredje AP fonden now owns 5,240 shares of the transportation company’s stock valued at $397,000 after purchasing an additional 2,520 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of 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 valued at $1,201,000 after purchasing an additional 14,230 shares during the last quarter. Finally, Kingfisher Capital LLC grew its position 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 valued at $1,243,000 after purchasing an additional 392 shares during the last quarter.

Shares of Westinghouse Air Brake Technologies Corporation (NYSE WAB) opened at $82.80 on Monday. 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 stock has a market capitalization of $7,950.00, a P/E ratio of 31.48, a P/E/G ratio of 1.77 and a beta of 1.08. Westinghouse Air Brake Technologies Corporation has a 12 month low of $69.20 and a 12 month high of $93.81.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its quarterly 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 during 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 firm’s revenue for the quarter was up 41.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.94 earnings per share. research analysts predict that Westinghouse Air Brake Technologies Corporation will post 3.48 EPS for the current year.

WAB has been the topic of several research reports. Stifel Nicolaus reaffirmed a “hold” rating and issued a $75.00 target price (up previously from $74.00) on shares of Westinghouse Air Brake Technologies in a research report on Wednesday, October 25th. Zacks Investment Research downgraded Westinghouse Air Brake Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. FBR & Co set a $85.00 target price on Westinghouse Air Brake Technologies and gave the company a “hold” rating in a research report on Wednesday, October 25th. B. Riley reaffirmed a “neutral” rating on shares of Westinghouse Air Brake Technologies in a research report on Wednesday, November 1st. Finally, Cowen initiated coverage on Westinghouse Air Brake Technologies in a research report on Wednesday, December 13th. They issued an “outperform” rating and a $90.00 target price on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $87.44.

In related news, VP David L. Deninno sold 1,917 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $4,271,569.10. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert J. Brooks sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were 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 $6,540,602.86. The disclosure for this sale can be found here. Insiders own 11.69% of the company’s stock.

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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.

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

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