Westinghouse Air Brake Technologies Corp (WAB) : Pensionfund Sabic has sold out all of its stake in Westinghouse Air Brake Technologies Corp during the most recent quarter, according to a report filed by the company on Apr 4, 2016 with the SEC. The investment management company has sold out 16,000 shares of Westinghouse Air Brake Technologies Corp which is valued at $1.3 Million.
Other Hedge Funds, Including , Pensionfund Dsm Netherlands sold out all of its stake in WAB during the most recent quarter. The investment firm sold 34,000 shares of WAB which is valued $2.7 Million.
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 Corp closed down -0.01 points or -0.01% at $78.63 with 2,86,173 shares getting traded on Monday. Post opening the session at $78.78, the shares hit an intraday low of $78.59 and an intraday high of $79.96 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.