Dividend On Watch: Forecasted dividends of $0.10 are lurking just around the corner for Westinghouse Air Brake Technologies Corporation (NYSE:WAB) shareholder?

Dividend On Watch: Forecasted dividends of $0.10 are lurking just around the corner for Westinghouse Air Brake Technologies Corporation (NYSE:WAB) shareholder?

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) is expected to pay $0.10 on Nov 28, 2016. The indicated annual dividend is $0.40. Shareholders owning the stock before Nov 9, 2016 will be eligible to receive the payout. Based on Westinghouse Air Brake Technologies Corporation’s current price of $79.08, the dividend is 0.13%. This dividend’s record date is Nov 14, 2016 and the announcement date is Oct 28, 2016. The stock increased 3.64% or $2.78 during the last trading session, hitting $79.08. Westinghouse Air Brake Technologies Corp (NYSE:WAB) has declined 3.10% since April 5, 2016 and is downtrending. It has underperformed by 5.06% the S&P500.

Westinghouse Air Brake Technologies Corporation , doing business as Wabtec Corporation, is a well-known provider of technology equipment and services for the global rail industry. The company has a market cap of $7.01 billion. The Firm primarily serves the freight rail and passenger transit industries. It has a 19.36 P/E ratio. The Firm provides its services and products through two principal business divisions: the Freight Segment and the Transit Segment.

Insitutional Activity: The institutional sentiment increased to 1.11 in 2016 Q2. Its up 0.30, from 0.81 in 2016Q1. The ratio improved, as 31 funds sold all Westinghouse Air Brake Technologies Corp shares owned while 149 reduced positions. 59 funds bought stakes while 140 increased positions. They now own 91.13 million shares or 0.09% more from 91.05 million shares in 2016Q1.
The Idaho-based Buffington Mohr Mcneal has invested 0.22% in Westinghouse Air Brake Technologies Corp (NYSE:WAB). Jones Fin Cos Lllp, a Missouri-based fund reported 4,794 shares. Fifth Third Savings Bank reported 6,334 shares or 0% of all its holdings. Raymond James & holds 0.01% of its portfolio in Westinghouse Air Brake Technologies Corp (NYSE:WAB) for 34,681 shares. Zacks Investment has 0.19% invested in the company for 88,131 shares. Numeric Invsts Ltd Com holds 3,300 shares or 0% of its portfolio. Strs Ohio holds 0.04% or 119,524 shares in its portfolio. Gsa Capital Limited Liability Partnership reported 9,520 shares or 0.04% of all its holdings. Fmr Ltd Limited Liability Company holds 0.04% or 4.49 million shares in its portfolio. The Maryland-based Profund Advsr Ltd Liability Company has invested 0.05% in Westinghouse Air Brake Technologies Corp (NYSE:WAB). Pnc Finance Ser Grp Inc accumulated 0.05% or 559,676 shares. Veritable Lp owns 7,572 shares or 0.01% of their US portfolio. Palisade Capital Management Ltd Co Nj holds 0.17% or 65,219 shares in its portfolio. Checchi Cap Advisers Limited Liability last reported 720 shares in the company. Calvert Inv Management Inc accumulated 7,092 shares or 0.03% of the stock.

Westinghouse Air Brake Technologies Corp (NYSE:WAB) Ratings Coverage

Out of 6 analysts covering Wabtec (NYSE:WAB), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. Wabtec has been the topic of 7 analyst reports since December 21, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Monday, December 21 by Stifel Nicolaus. The firm earned “Buy” rating on Wednesday, September 7 by Deutsche Bank. Goldman Sachs downgraded the stock to “Neutral” rating in Thursday, February 4 report. The stock of Westinghouse Air Brake Technologies Corp (NYSE:WAB) has “Outperform” rating given on Wednesday, October 26 by Wolfe Research. The firm earned “Buy” rating on Friday, September 30 by CLSA. Longbow downgraded Westinghouse Air Brake Technologies Corp (NYSE:WAB) on Wednesday, October 26 to “Neutral” rating.

More notable recent Westinghouse Air Brake Technologies Corp (NYSE:WAB) news were published by: Fool.com which released: “Sluggish Conditions Continue to Derail Westinghouse Air Brake Technologies …” on October 25, 2016, also Fool.com with their article: “Global Economic Headwinds Derail Westinghouse Air Brake Technologies Corp.’s …” published on July 25, 2016, Fool.com published: “What to Watch When Westinghouse Air Brake Technologies Corp. Reports Earnings” on April 22, 2016. More interesting news about Westinghouse Air Brake Technologies Corp (NYSE:WAB) were released by: Fool.com and their article: “Challenging Conditions Cause Westinghouse Air Brake Technologies Corp’s Sales …” published on April 26, 2016 as well as Fool.com‘s news article titled: “3 Things to Watch When Westinghouse Air Brake Technologies Corp. Reports Earnings” with publication date: February 16, 2016.

WAB Company Profile

Westinghouse Air Brake Technologies Corporation (Wabtec), doing business as Wabtec Corporation, incorporated on October 19, 1989, is a well-known provider of technology equipment and services for the global rail industry. The Firm primarily serves the freight rail and passenger transit industries. The Firm provides its services and products through two principal business divisions: the Freight Segment and the Transit Segment. The Company’s product lines in both aftermarket and original equipment, including specialty products and electronics, brake products, remanufacturing, overhaul and build, and transit products. The Company’s specialty products and electronics product line includes positive train control equipment and electronically controlled pneumatic braking products; railway electronics, including event recorders, monitoring equipment and end of train devices; signal design and engineering services; freight car truck components; draft gears, couplers and slack adjusters; air compressors and dryers; heat exchangers and cooling products for locomotives and power generation equipment, and track and switch products. The Company’s brake products include railway braking equipment and related components for freight and transit applications; friction products, including brake shoes and pads. The Company’s remanufacturing, overhaul and build product line includes commuter and switcher locomotives, and transit car, and locomotive overhaul and refurbishment. The Company’s transit products include door and window assemblies for buses and subway cars; accessibility lifts and ramps for buses and subway cars, and traction motors. The Company’s clients include railroads and passenger transit authorities throughout North America, as well as in the United Kingdom, Australia, Europe, Asia, South Africa and South America.

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