Williams Jones Associates buys $29,068,928 stake in Westinghouse Air Brake Technologies Corp (WAB)

Westinghouse Air Brake Technologies Corp (WAB) : Williams Jones Associates scooped up 341,789 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 Aug 15, 2016. The investment management firm now holds a total of 406,786 shares of Westinghouse Air Brake Technologies Corp which is valued at $29,068,928.Westinghouse Air Brake Technologies Corp makes up approximately 1.29% of Williams Jones Associates’s portfolio.

Other Hedge Funds, Including , First Republic Investment Management reduced its stake in WAB by selling 11,172 shares or 6.02% in the most recent quarter. The Hedge Fund company now holds 174,350 shares of WAB which is valued at $12,459,051. Westinghouse Air Brake Technologies Corp makes up approx 0.12% of First Republic Investment Management’s portfolio.Champlain Investment Partners boosted its stake in WAB in the latest quarter, The investment management firm added 79,895 additional shares and now holds a total of 334,160 shares of Westinghouse Air Brake Technologies Corp which is valued at $23,879,074. Westinghouse Air Brake Technologies Corp makes up approx 0.39% of Champlain Investment Partners’s portfolio.Nomura Asset Management Co Ltd reduced its stake in WAB by selling 400 shares or 3.79% in the most recent quarter. The Hedge Fund company now holds 10,160 shares of WAB which is valued at $726,034. Westinghouse Air Brake Technologies Corp makes up approx 0.01% of Nomura Asset Management Co Ltd’s portfolio.Bronfman E.l. Rothschild boosted its stake in WAB in the latest quarter, The investment management firm added 41 additional shares and now holds a total of 4,591 shares of Westinghouse Air Brake Technologies Corp which is valued at $328,073. Westinghouse Air Brake Technologies Corp makes up approx 0.05% of Bronfman E.l. Rothschild’s portfolio.Trust Co Of Vermont boosted its stake in WAB in the latest quarter, The investment management firm added 125 additional shares and now holds a total of 355 shares of Westinghouse Air Brake Technologies Corp which is valued at $25,368.

Westinghouse Air Brake Technologies Corp closed down -0.82 points or -1.07% at $75.79 with 8,70,491 shares getting traded on Thursday. Post opening the session at $76.45, the shares hit an intraday low of $75.19 and an intraday high of $76.83 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Westinghouse Air Brake Technologies Corp reported $1.05 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Jul 25, 2016. Analyst had a consensus of $1.08. The company had revenue of $723.60 million for the quarter, compared to analysts expectations of $804.16 million. The company’s revenue was down -14.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.04 EPS.

Many Wall Street Analysts have commented on Westinghouse Air Brake Technologies Corp. Shares were Reiterated by Wunderlich on Jul 25, 2016 to “Buy” and Lowered the Price Target to $ 100 from a previous price target of $115 .

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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