Emerald Advisers Inc. PA cut its position in Westinghouse Air Brake Technologies Corporation (NYSE:WAB) by 31.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,374 shares of the transportation company’s stock after selling 17,177 shares during the period. Emerald Advisers Inc. PA’s holdings in Westinghouse Air Brake Technologies Corporation were worth $3,420,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Tredje AP fonden purchased a new stake in Westinghouse Air Brake Technologies Corporation during the first quarter worth approximately $183,000. Moody Lynn & Lieberson LLC bought a new stake in Westinghouse Air Brake Technologies Corporation during the second quarter valued at about $520,000. Buffington Mohr McNeal boosted its stake in Westinghouse Air Brake Technologies Corporation by 34.3% in the first quarter. Buffington Mohr McNeal now owns 9,980 shares of the transportation company’s stock valued at $778,000 after buying an additional 2,550 shares during the last quarter. SG Americas Securities LLC boosted its stake in Westinghouse Air Brake Technologies Corporation by 40.2% in the first quarter. SG Americas Securities LLC now owns 36,995 shares of the transportation company’s stock valued at $2,886,000 after buying an additional 10,607 shares during the last quarter. Finally, Karp Capital Management Corp bought a new stake in Westinghouse Air Brake Technologies Corporation during the first quarter valued at about $2,928,000.
Westinghouse Air Brake Technologies Corporation (WAB) opened at 75.05 on Friday. The company has a market capitalization of $7.20 billion, a P/E ratio of 26.41 and a beta of 1.07. Westinghouse Air Brake Technologies Corporation has a one year low of $67.94 and a one year high of $93.81. The firm has a 50-day moving average of $87.81 and a 200-day moving average of $83.47.
Westinghouse Air Brake Technologies Corporation (NYSE:WAB) last announced its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by $0.14. The company had revenue of $932.25 million during the quarter, compared to analysts’ expectations of $1 billion. Westinghouse Air Brake Technologies Corporation had a net margin of 8.10% and a return on equity of 13.38%. The business’s quarterly revenue was up 28.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.00 EPS. On average, analysts anticipate that Westinghouse Air Brake Technologies Corporation will post $3.63 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 28th. Stockholders of record on Monday, August 14th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.64%. The ex-dividend date is Thursday, August 10th. This is a boost from Westinghouse Air Brake Technologies Corporation’s previous quarterly dividend of $0.10. Westinghouse Air Brake Technologies Corporation’s dividend payout ratio (DPR) is presently 14.04%.
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Several research firms have recently issued reports on WAB. BidaskClub cut shares of Westinghouse Air Brake Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Stifel Nicolaus reaffirmed a “hold” rating and set a $74.00 price objective on shares of Westinghouse Air Brake Technologies Corporation in a research note on Friday. Edward Jones lowered shares of Westinghouse Air Brake Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday. FBR & Co reaffirmed a “marketperform” rating on shares of Westinghouse Air Brake Technologies Corporation in a research note on Tuesday, July 11th. Finally, Wolfe Research lowered shares of Westinghouse Air Brake Technologies Corporation from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 26th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $92.63.
In other news, Director Brian Hehir sold 2,234 shares of Westinghouse Air Brake Technologies Corporation stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $80.11, for a total value of $178,965.74. Following the completion of the transaction, the director now owns 24,905 shares in the company, valued at approximately $1,995,139.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 11.69% of the company’s stock.
About Westinghouse Air Brake Technologies Corporation
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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