Laurel Grove Capital buys $5,422,281 stake in Westinghouse Air Brake Technologies Corp (WAB)

Westinghouse Air Brake Technologies Corp (WAB) : Laurel Grove Capital scooped up 3,350 additional shares in Westinghouse Air Brake Technologies Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 18, 2016. The investment management firm now holds a total of 66,950 shares of Westinghouse Air Brake Technologies Corp which is valued at $5,422,281.Westinghouse Air Brake Technologies Corp makes up approximately 3.04% of Laurel Grove Capital’s portfolio.

Westinghouse Air Brake Technologies Corp opened for trading at $80.81 and hit $81.34 on the upside on Friday, eventually ending the session at $80.99, with a gain of 0.22% or 0.18 points. The heightened volatility saw the trading volume jump to 8,95,198 shares. Company has a market cap of $7,445 M.

Other Hedge Funds, Including , Private Trust Co Na added WAB to its portfolio by purchasing 2,526 company shares during the most recent quarter which is valued at $204,581. Westinghouse Air Brake Technologies Corp makes up approx 0.05% of Private Trust Co Na’s portfolio.Neville Rodie Shaw Inc reduced its stake in WAB by selling 7,509 shares or 8.51% in the most recent quarter. The Hedge Fund company now holds 80,721 shares of WAB which is valued at $6,562,617. Westinghouse Air Brake Technologies Corp makes up approx 0.79% of Neville Rodie Shaw Inc’s portfolio. Quotient Investors added WAB to its portfolio by purchasing 21,860 company shares during the most recent quarter which is valued at $1,777,218. Westinghouse Air Brake Technologies Corp makes up approx 0.64% of Quotient Investors’s portfolio.Carnegie Capital Asset Management boosted its stake in WAB in the latest quarter, The investment management firm added 1,710 additional shares and now holds a total of 25,525 shares of Westinghouse Air Brake Technologies Corp which is valued at $2,075,183. Westinghouse Air Brake Technologies Corp makes up approx 0.31% of Carnegie Capital Asset Management’s portfolio.Mai Capital Management boosted its stake in WAB in the latest quarter, The investment management firm added 2,289 additional shares and now holds a total of 5,243 shares of Westinghouse Air Brake Technologies Corp which is valued at $412,257. Westinghouse Air Brake Technologies Corp makes up approx 0.03% of Mai Capital Management’s portfolio.

On the company’s financial health, Westinghouse Air Brake Technologies Corp reported $1.05 EPS for the quarter, based on the information available during the earnings call on Feb 18, 2016. Analyst had a consensus estimate of $1.05. The company had revenue of $833.00 million for the quarter, compared to analysts expectations of $837.59 million. The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 EPS.

Many Wall Street Analysts have commented on Westinghouse Air Brake Technologies Corp. Westinghouse Air Brake Technologies Corp was Downgraded by Goldman to ” Neutral” on Feb 4, 2016.

Westinghouse Air Brake Technologies Corporation (Wabtec) is a provider of technology-based products and services to freight rail and passenger transit industries. The Company’s products are used in locomotives freight cars subway cars and buses and other vehicles in United States and other countries across the world. The Company operates through two business segments: the Freight Segment and the Transit Segment. The Freight Segment manufactures and services components for new and existing locomotive and freight cars supplies railway electronics positive train control equipment signal design and engineering services builds switcher locomotives rebuilds freight locomotives and provides heat exchangers and cooling systems for rail and other industrial markets. The Transit Segment manufactures and services components for new and existing passenger transit vehicles such as subway cars and buses builds new commuter locomotives and refurbishes subway cars.

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