Rk Capital Management buys $22.8 Million stake in Westinghouse Air Brake Technologies Corp (WAB)

Westinghouse Air Brake Technologies Corp (WAB) : Rk Capital Management scooped up 3,700 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 May 12, 2016. The investment management firm now holds a total of 291,900 shares of Westinghouse Air Brake Technologies Corp which is valued at $22.8 Million.Westinghouse Air Brake Technologies Corp makes up approximately 3.85% of Rk Capital Management’s portfolio.

Other Hedge Funds, Including , Credit Agricole S A boosted its stake in WAB in the latest quarter, The investment management firm added 42,000 additional shares and now holds a total of 118,522 shares of Westinghouse Air Brake Technologies Corp which is valued at $9.2 Million. Westinghouse Air Brake Technologies Corp makes up approx 0.04% of Credit Agricole S A’s portfolio.Palisade Capital Managementnj boosted its stake in WAB in the latest quarter, The investment management firm added 24,849 additional shares and now holds a total of 68,746 shares of Westinghouse Air Brake Technologies Corp which is valued at $5.4 Million. Westinghouse Air Brake Technologies Corp makes up approx 0.21% of Palisade Capital Managementnj’s portfolio.Norges Bank boosted its stake in WAB in the latest quarter, The investment management firm added 100,670 additional shares and now holds a total of 824,556 shares of Westinghouse Air Brake Technologies Corp which is valued at $64.3 Million. Westinghouse Air Brake Technologies Corp makes up approx 0.03% of Norges Bank’s portfolio. Bluecrest Capital Management Ltd sold out all of its stake in WAB during the most recent quarter. The investment firm sold 18,849 shares of WAB which is valued $1.5 Million.Russell Frank Co boosted its stake in WAB in the latest quarter, The investment management firm added 63,084 additional shares and now holds a total of 244,019 shares of Westinghouse Air Brake Technologies Corp which is valued at $20.2 Million. Westinghouse Air Brake Technologies Corp makes up approx 0.04% of Russell Frank Co’s portfolio.

Westinghouse Air Brake Technologies Corp opened for trading at $76.76 and hit $77.45 on the upside on Friday, eventually ending the session at $77.09, with a gain of 1.13% or 0.86 points. The heightened volatility saw the trading volume jump to 4,59,907 shares. Company has a market cap of $6,946 M.

On the company’s financial health, Westinghouse Air Brake Technologies Corp reported $1.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $1.00. The company had revenue of $772.03 million for the quarter, compared to analysts expectations of $798.86 million. The company’s revenue was down -5.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.99 EPS.

Investors should note that on May 11, 2016, Westinghouse Air Brake Technologies Corp announced a cash dividend of $0.1000. The company’s management has announced Aug 11, 2016 as the ex-dividend date and fixed the record date on Aug 15, 2016. The payable date has been fixed on Aug 29, 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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