Pinnacle Bancorp Inc. Acquires 55 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB)

Pinnacle Bancorp Inc. lifted its holdings in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 55.0% during the third quarter, Holdings Channel.com reports. The firm owned 155 shares of the transportation company’s stock after acquiring an additional 55 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in Westinghouse Air Brake Technologies were worth $28,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. BNP Paribas Financial Markets grew its position in shares of Westinghouse Air Brake Technologies by 107.8% in the 1st quarter. BNP Paribas Financial Markets now owns 170,248 shares of the transportation company’s stock valued at $24,802,000 after buying an additional 88,325 shares during the last quarter. Forsta AP Fonden lifted its stake in shares of Westinghouse Air Brake Technologies by 64.5% in the first quarter. Forsta AP Fonden now owns 53,300 shares of the transportation company’s stock worth $7,765,000 after acquiring an additional 20,900 shares during the period. Plato Investment Management Ltd boosted its holdings in Westinghouse Air Brake Technologies by 59,168.4% in the first quarter. Plato Investment Management Ltd now owns 11,261 shares of the transportation company’s stock valued at $1,641,000 after acquiring an additional 11,242 shares during the last quarter. Rhumbline Advisers increased its position in Westinghouse Air Brake Technologies by 2.1% during the 2nd quarter. Rhumbline Advisers now owns 335,483 shares of the transportation company’s stock valued at $53,023,000 after purchasing an additional 7,012 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in Westinghouse Air Brake Technologies by 12.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 22,357 shares of the transportation company’s stock worth $3,534,000 after purchasing an additional 2,457 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Insider Activity

In related news, CTO Eric Gebhardt sold 7,422 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $156.32, for a total value of $1,160,207.04. Following the transaction, the chief technology officer now owns 22,411 shares of the company’s stock, valued at approximately $3,503,287.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Nicole B. Theophilus sold 4,801 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $154.64, for a total value of $742,426.64. Following the completion of the sale, the executive vice president now owns 15,608 shares in the company, valued at $2,413,621.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Eric Gebhardt sold 7,422 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $156.32, for a total transaction of $1,160,207.04. Following the transaction, the chief technology officer now owns 22,411 shares in the company, valued at approximately $3,503,287.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,392 shares of company stock worth $2,754,390 over the last three months. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, Bank of America lifted their target price on shares of Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Westinghouse Air Brake Technologies presently has an average rating of “Moderate Buy” and an average price target of $163.90.

Westinghouse Air Brake Technologies Stock Performance

Shares of Westinghouse Air Brake Technologies stock opened at $187.96 on Friday. The business has a 50-day simple moving average of $169.12 and a 200 day simple moving average of $162.87. Westinghouse Air Brake Technologies Co. has a one year low of $98.70 and a one year high of $188.04. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.38 and a quick ratio of 0.73. The firm has a market capitalization of $32.93 billion, a price-to-earnings ratio of 32.98, a PEG ratio of 1.53 and a beta of 1.27.

Westinghouse Air Brake Technologies (NYSE:WAB) last released its quarterly earnings data on Wednesday, July 24th. The transportation company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.88 by $0.08. Westinghouse Air Brake Technologies had a return on equity of 12.05% and a net margin of 9.94%. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the previous year, the company posted $1.41 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. On average, research analysts anticipate that Westinghouse Air Brake Technologies Co. will post 7.46 earnings per share for the current fiscal year.

Westinghouse Air Brake Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date was Wednesday, August 14th. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is 14.04%.

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.