Eaton Vance Management raised its position in Westinghouse Air Brake Technologies Corporation (NYSE:WAB) by 16.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,082 shares of the transportation company’s stock after acquiring an additional 2,000 shares during the period. Eaton Vance Management’s holdings in Westinghouse Air Brake Technologies Corporation were worth $1,289,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Champlain Investment Partners LLC lifted its stake in shares of Westinghouse Air Brake Technologies Corporation by 55.7% during the first quarter. Champlain Investment Partners LLC now owns 884,975 shares of the transportation company’s stock worth $69,028,000 after buying an additional 316,720 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Westinghouse Air Brake Technologies Corporation by 64.4% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 623,437 shares of the transportation company’s stock worth $57,044,000 after buying an additional 244,119 shares during the period. Hikari Power Ltd lifted its stake in shares of Westinghouse Air Brake Technologies Corporation by 622.4% during the second quarter. Hikari Power Ltd now owns 171,200 shares of the transportation company’s stock worth $15,665,000 after buying an additional 147,500 shares during the period. Azimuth Capital Management LLC acquired a new stake in shares of Westinghouse Air Brake Technologies Corporation during the first quarter worth $3,283,000. Finally, Karp Capital Management Corp acquired a new stake in shares of Westinghouse Air Brake Technologies Corporation during the first quarter worth $2,928,000.

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Westinghouse Air Brake Technologies Corporation (WAB) opened at 75.22 on Friday. The stock has a market cap of $7.22 billion, a PE ratio of 26.47 and a beta of 1.05. The company’s 50 day moving average is $71.85 and its 200 day moving average is $80.02. Westinghouse Air Brake Technologies Corporation has a one year low of $69.20 and a one year high of $93.81.

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

Several research firms have recently commented on WAB. BidaskClub upgraded shares of Westinghouse Air Brake Technologies Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 5th. Zacks Investment Research upgraded shares of Westinghouse Air Brake Technologies Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Deutsche Bank AG downgraded shares of Westinghouse Air Brake Technologies Corporation from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a research note on Thursday, July 13th. FBR & Co reiterated a “marketperform” rating on shares of Westinghouse Air Brake Technologies Corporation in a research note on Tuesday, July 11th. Finally, Stifel Nicolaus downgraded shares of Westinghouse Air Brake Technologies Corporation from a “buy” rating to a “hold” rating and set a $92.00 price objective for the company. in a research note on Monday, July 17th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average 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.

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

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