Tandem Investment Advisors Inc. Sells 555 Shares of Westinghouse Air Brake Technologies Corp (WAB)

Tandem Investment Advisors Inc. lessened its holdings in shares of Westinghouse Air Brake Technologies Corp (NYSE:WAB) by 8.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,365 shares of the transportation company’s stock after selling 555 shares during the period. Tandem Investment Advisors Inc.’s holdings in Westinghouse Air Brake Technologies were worth $668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Windward Capital Management Co. CA raised its holdings in shares of Westinghouse Air Brake Technologies by 57.8% during the third quarter. Windward Capital Management Co. CA now owns 4,167 shares of the transportation company’s stock worth $437,000 after purchasing an additional 1,526 shares during the last quarter. Cerebellum GP LLC purchased a new position in shares of Westinghouse Air Brake Technologies during the third quarter worth $150,000. Barometer Capital Management Inc. purchased a new position in shares of Westinghouse Air Brake Technologies during the third quarter worth $5,842,000. MetLife Investment Advisors LLC raised its holdings in shares of Westinghouse Air Brake Technologies by 0.9% during the second quarter. MetLife Investment Advisors LLC now owns 53,862 shares of the transportation company’s stock worth $5,310,000 after purchasing an additional 492 shares during the last quarter. Finally, Sterling Capital Management LLC raised its holdings in shares of Westinghouse Air Brake Technologies by 18.8% during the second quarter. Sterling Capital Management LLC now owns 47,706 shares of the transportation company’s stock worth $4,703,000 after purchasing an additional 7,553 shares during the last quarter.

In other news, Director Emilio Fernandez sold 16,000 shares of Westinghouse Air Brake Technologies stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $112.27, for a total value of $1,796,320.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert J. Brooks sold 20,000 shares of Westinghouse Air Brake Technologies stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $110.56, for a total transaction of $2,211,200.00. Following the completion of the sale, the director now owns 19,200 shares in the company, valued at approximately $2,122,752. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,000 shares of company stock worth $4,881,680. Company insiders own 11.49% of the company’s stock.

WAB has been the subject of several recent research reports. Stifel Nicolaus set a $110.00 target price on shares of Westinghouse Air Brake Technologies and gave the stock a “buy” rating in a report on Wednesday, October 31st. Wells Fargo & Co set a $105.00 target price on shares of Westinghouse Air Brake Technologies and gave the stock a “buy” rating in a report on Wednesday, October 31st. Cowen reissued a “buy” rating and set a $125.00 target price on shares of Westinghouse Air Brake Technologies in a report on Tuesday, July 24th. Zacks Investment Research upgraded shares of Westinghouse Air Brake Technologies from a “hold” rating to a “buy” rating and set a $118.00 price target on the stock in a research report on Tuesday, September 25th. Finally, William Blair restated a “buy” rating on shares of Westinghouse Air Brake Technologies in a research report on Monday, September 17th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Westinghouse Air Brake Technologies has an average rating of “Buy” and a consensus target price of $106.73.

WAB stock opened at $84.65 on Wednesday. The firm has a market cap of $8.23 billion, a P/E ratio of 24.68, a PEG ratio of 1.92 and a beta of 1.17. The company has a current ratio of 2.84, a quick ratio of 2.28 and a debt-to-equity ratio of 1.31. Westinghouse Air Brake Technologies Corp has a one year low of $69.75 and a one year high of $115.40.

Westinghouse Air Brake Technologies (NYSE:WAB) last released its quarterly earnings results on Tuesday, October 30th. The transportation company reported $0.95 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.95. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1 billion. Westinghouse Air Brake Technologies had a net margin of 7.16% and a return on equity of 12.43%. The firm’s revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the business earned $0.88 earnings per share. Research analysts predict that Westinghouse Air Brake Technologies Corp will post 3.85 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Friday, November 16th will be given a $0.12 dividend. The ex-dividend date is Thursday, November 15th. This represents a $0.48 annualized dividend and a dividend yield of 0.57%. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is 13.99%.

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Westinghouse Air Brake Technologies Profile

Westinghouse Air Brake Technologies Corporation, doing business as Wabtec Corporation, provides technology-based equipment, systems, and services for the freight rail and passenger transit vehicle industries worldwide. It operates in two segments, Freight and Transit. The Freight segment manufactures and services components for new and existing locomotive and freight cars; supplies railway electronics and positive train control equipment; offers signal design and engineering services; builds switcher locomotives; rebuilds freight locomotives; and provides heat exchangers and cooling systems for rail and other industrial markets.

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

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