Longboard Asset Management LP Makes New $252,000 Investment in Westinghouse Air Brake Technologies Co. (NYSE:WAB)

Longboard Asset Management LP acquired a new stake in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 1,327 shares of the transportation company’s stock, valued at approximately $252,000. Westinghouse Air Brake Technologies makes up about 0.7% of Longboard Asset Management LP’s portfolio, making the stock its 18th biggest position.

Several other hedge funds also recently made changes to their positions in WAB. Pinnacle Bancorp Inc. increased its stake in shares of Westinghouse Air Brake Technologies by 55.0% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 155 shares of the transportation company’s stock worth $28,000 after acquiring an additional 55 shares in the last quarter. Bridges Investment Management Inc. increased its stake in shares of 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 valued at $428,000 after purchasing an additional 77 shares in the last quarter. Greenleaf Trust increased its stake in shares of Westinghouse Air Brake Technologies by 2.9% during the fourth quarter. Greenleaf Trust now owns 3,344 shares of the transportation company’s stock valued at $634,000 after purchasing an additional 94 shares in the last quarter. Harvest Fund Management Co. Ltd lifted its holdings in shares of Westinghouse Air Brake Technologies by 10.4% during the third quarter. Harvest Fund Management Co. Ltd now owns 1,820 shares of the transportation company’s stock valued at $331,000 after purchasing an additional 172 shares during the last quarter. Finally, Eastern Bank bought a new stake in shares of Westinghouse Air Brake Technologies in the 3rd quarter worth approximately $33,000. 91.69% of the stock is currently owned by institutional investors.

Westinghouse Air Brake Technologies Stock Performance

WAB opened at $204.55 on Tuesday. 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. The firm has a fifty day moving average price of $198.56 and a 200 day moving average price of $184.12. The stock has a market cap of $35.16 billion, a P/E ratio of 34.09, a P/E/G ratio of 1.33 and a beta of 1.27.

Analyst Upgrades and Downgrades

WAB has been the topic of a number of analyst reports. KeyCorp upped their price target on shares of Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Bank of America increased their price target on shares of Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Susquehanna boosted their price objective on shares of Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the stock a “positive” rating in a report on Monday, October 21st. The Goldman Sachs Group increased their target price on Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Finally, Stephens lifted their target price on Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $188.50.

Insider Activity at Westinghouse Air Brake Technologies

In other Westinghouse Air Brake Technologies news, CAO John A. Mastalerz, Jr. sold 2,796 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $199.71, for a total value of $558,389.16. Following the sale, the chief accounting officer now directly owns 5,683 shares in the company, valued at $1,134,951.93. This trade represents a 32.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by corporate insiders.

Westinghouse Air Brake Technologies 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.