New York State Common Retirement Fund Sells 6,468 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB)

New York State Common Retirement Fund decreased its position in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 122,563 shares of the transportation company’s stock after selling 6,468 shares during the quarter. New York State Common Retirement Fund owned about 0.07% of Westinghouse Air Brake Technologies worth $23,237,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Eastern Bank bought a new position in Westinghouse Air Brake Technologies during the 3rd quarter worth approximately $33,000. Garde Capital Inc. bought a new position in Westinghouse Air Brake Technologies during the 3rd quarter worth approximately $110,000. Camden National Bank bought a new position in Westinghouse Air Brake Technologies during the 3rd quarter worth approximately $222,000. Longboard Asset Management LP bought a new position in Westinghouse Air Brake Technologies during the 4th quarter worth approximately $252,000. Finally, Harvest Fund Management Co. Ltd raised its holdings in Westinghouse Air Brake Technologies by 10.4% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,820 shares of the transportation company’s stock worth $331,000 after purchasing an additional 172 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Westinghouse Air Brake Technologies Stock Performance

NYSE WAB opened at $184.40 on Friday. The company has a fifty day simple moving average of $197.36 and a 200 day simple moving average of $187.43. Westinghouse Air Brake Technologies Co. has a 12-month low of $135.86 and a 12-month high of $210.88. The company has a current ratio of 1.30, a quick ratio of 0.69 and a debt-to-equity ratio of 0.34. The company has a market cap of $31.50 billion, a P/E ratio of 30.58, a PEG ratio of 1.51 and a beta of 1.27.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its quarterly earnings results on Wednesday, February 12th. The transportation company reported $1.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.06). Westinghouse Air Brake Technologies had a net margin of 10.17% and a return on equity of 12.78%. Sell-side analysts predict that Westinghouse Air Brake Technologies Co. will post 8.54 earnings per share for the current fiscal year.

Westinghouse Air Brake Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.00 annualized dividend and a yield of 0.54%. This is an increase from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is presently 16.58%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. KeyCorp raised their price objective on shares of Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Stephens reaffirmed an “overweight” rating and set a $220.00 price objective on shares of Westinghouse Air Brake Technologies in a research report on Thursday, February 13th. Finally, Bank of America raised their price objective on shares of Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $206.33.

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.