Symphony Asset Management LLC decreased its position in shares of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) by 30.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,542 shares of the transportation company’s stock after selling 11,777 shares during the period. Symphony Asset Management LLC’s holdings in Westinghouse Air Brake Technologies Corporation were worth $2,520,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Buffington Mohr McNeal increased its position in Westinghouse Air Brake Technologies Corporation by 1.9% during the 2nd quarter. Buffington Mohr McNeal now owns 10,165 shares of the transportation company’s stock worth $930,000 after buying an additional 185 shares during the period. IFP Advisors Inc increased its position in Westinghouse Air Brake Technologies Corporation by 15.2% during the 2nd quarter. IFP Advisors Inc now owns 1,913 shares of the transportation company’s stock worth $175,000 after buying an additional 252 shares during the period. Tredje AP fonden increased its position in Westinghouse Air Brake Technologies Corporation by 15.7% during the 2nd quarter. Tredje AP fonden now owns 2,720 shares of the transportation company’s stock worth $249,000 after buying an additional 370 shares during the period. Mountain Pacific Investment Advisers Inc. ID increased its position in Westinghouse Air Brake Technologies Corporation by 0.6% during the 2nd quarter. Mountain Pacific Investment Advisers Inc. ID now owns 285,430 shares of the transportation company’s stock worth $26,117,000 after buying an additional 1,605 shares during the period. Finally, Eaton Vance Management increased its position in Westinghouse Air Brake Technologies Corporation by 16.6% during the 2nd quarter. Eaton Vance Management now owns 14,082 shares of the transportation company’s stock worth $1,289,000 after buying an additional 2,000 shares during the period.

Shares of Westinghouse Air Brake Technologies Corporation (NYSE WAB) traded up 0.70% on Monday, hitting $70.77. The company had a trading volume of 101,399 shares. The firm has a market capitalization of $6.79 billion, a price-to-earnings ratio of 24.90 and a beta of 1.05. The company has a 50 day moving average price of $72.73 and a 200 day moving average price of $80.40. Westinghouse Air Brake Technologies Corporation has a 1-year low of $69.20 and a 1-year high of $93.81.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) last issued its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by $0.14. The company had revenue of $932.25 million for the quarter, compared to analysts’ expectations of $1 billion. Westinghouse Air Brake Technologies Corporation had a return on equity of 13.07% and a net margin of 8.10%. The business’s revenue for the quarter was up 28.8% on a year-over-year basis. During the same period last year, the company posted $1.00 EPS. On average, equities analysts forecast that Westinghouse Air Brake Technologies Corporation will post $3.52 earnings per share for the current fiscal year.

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Several research firms have weighed in on WAB. Edward Jones cut Westinghouse Air Brake Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. FBR & Co lowered their price objective on Westinghouse Air Brake Technologies Corporation from $100.00 to $85.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 26th. Buckingham Research began coverage on Westinghouse Air Brake Technologies Corporation in a research report on Wednesday, June 21st. They set a “buy” rating and a $104.00 price objective on the stock. BidaskClub upgraded Westinghouse Air Brake Technologies Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Finally, Zacks Investment Research upgraded Westinghouse Air Brake Technologies Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $90.78.

Westinghouse Air Brake Technologies Corporation Company Profile

Westinghouse Air Brake Technologies Corporation (Wabtec), doing business as Wabtec Corporation, is a provider of technology-based equipment and services for the global freight and transit rail industries. The Company’s segments include the Freight Segment and the Transit Segment. The Freight Segment primarily manufactures and services components for new and existing freight cars and locomotives, builds new switcher locomotives, rebuilds freight locomotives, supplies railway electronics, positive train control equipment, signal design and engineering services, and provides related heat exchange and cooling systems.

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

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