Gulf International Bank UK Ltd decreased its holdings in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB - Free Report) by 71.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,227 shares of the transportation company's stock after selling 35,309 shares during the quarter. Gulf International Bank UK Ltd's holdings in Westinghouse Air Brake Technologies were worth $2,586,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Forsta AP Fonden raised its holdings in Westinghouse Air Brake Technologies by 64.5% during the first quarter. Forsta AP Fonden now owns 53,300 shares of the transportation company's stock valued at $7,765,000 after buying an additional 20,900 shares in the last quarter. Border to Coast Pensions Partnership Ltd lifted its holdings in Westinghouse Air Brake Technologies by 4.5% in the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 201,011 shares of the transportation company's stock worth $36,431,000 after purchasing an additional 8,575 shares during the last quarter. Rhumbline Advisers boosted its position in Westinghouse Air Brake Technologies by 2.1% during the second quarter. Rhumbline Advisers now owns 335,483 shares of the transportation company's stock worth $53,023,000 after purchasing an additional 7,012 shares during the period. Nisa Investment Advisors LLC grew its holdings in Westinghouse Air Brake Technologies by 12.3% during the second quarter. Nisa Investment Advisors LLC now owns 22,357 shares of the transportation company's stock valued at $3,534,000 after purchasing an additional 2,457 shares during the last quarter. Finally, UMB Bank n.a. raised its position in shares of Westinghouse Air Brake Technologies by 3.4% in the second quarter. UMB Bank n.a. now owns 4,701 shares of the transportation company's stock valued at $743,000 after purchasing an additional 156 shares during the period. Institutional investors and hedge funds own 91.69% of the company's stock.

In other news, Director Albert J. Neupaver sold 35,722 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $188.70, for a total value of $6,740,741.40. Following the completion of the transaction, the director now directly owns 614,447 shares of the company's stock, valued at approximately $115,946,148.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Westinghouse Air Brake Technologies news, Director Albert J. Neupaver sold 35,722 shares of the company's stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $188.70, for a total value of $6,740,741.40. Following the sale, the director now directly owns 614,447 shares in the company, valued at $115,946,148.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP David L. Deninno sold 10,000 shares of Westinghouse Air Brake Technologies stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $188.60, for a total value of $1,886,000.00. Following the transaction, the vice president now directly owns 55,352 shares of the company's stock, valued at approximately $10,439,387.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 58,188 shares of company stock valued at $10,642,197. 1.10% of the stock is currently owned by corporate insiders.

Shares of NYSE:WAB opened at $200.40 on Thursday. The firm has a market capitalization of $34.45 billion, a PE ratio of 33.40, a PEG ratio of 1.47 and a beta of 1.27. The company has a current ratio of 1.30, a quick ratio of 0.65 and a debt-to-equity ratio of 0.34. Westinghouse Air Brake Technologies Co. has a 1-year low of $108.68 and a 1-year high of $202.18. The business's 50 day moving average is $179.63 and its 200-day moving average is $168.25.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $2.00 earnings per share for the quarter, topping analysts' consensus estimates of $1.87 by $0.13. Westinghouse Air Brake Technologies had a net margin of 10.25% and a return on equity of 12.52%. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter in the previous year, the company earned $1.70 earnings per share. The business's revenue was up 4.4% compared to the same quarter last year. Sell-side analysts predict that Westinghouse Air Brake Technologies Co. will post 7.58 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date is Wednesday, November 13th. Westinghouse Air Brake Technologies's dividend payout ratio is 13.33%.

Several analysts recently issued reports on WAB shares. Susquehanna upped 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. Bank of America raised their price target on Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the company a "buy" rating in a research report on Monday, July 22nd. Stephens boosted their price objective on Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. Finally, 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. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $171.80.

Read Our Latest Stock Analysis on WAB

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.

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