Value Holdings Lp buys $12.2 Million stake in Westinghouse Air Brake Technologies Corp (WAB)

Westinghouse Air Brake Technologies Corp (WAB) : Value Holdings Lp scooped up 3,000 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 156,600 shares of Westinghouse Air Brake Technologies Corp which is valued at $12.2 Million.Westinghouse Air Brake Technologies Corp makes up approximately 7.99% of Value Holdings Lp’s portfolio.

Other Hedge Funds, Including , Mackenzie Financial Corp reduced its stake in WAB by selling 4,800 shares or 32.21% in the most recent quarter. The Hedge Fund company now holds 10,100 shares of WAB which is valued at $787,800. Westinghouse Air Brake Technologies Corp makes up approx 0.01% of Mackenzie Financial Corp’s portfolio.Bessemer Group Inc boosted its stake in WAB in the latest quarter, The investment management firm added 399,002 additional shares and now holds a total of 1,211,669 shares of Westinghouse Air Brake Technologies Corp which is valued at $94.5 Million. Westinghouse Air Brake Technologies Corp makes up approx 0.54% of Bessemer Group Inc’s portfolio.Ironbridge Capital Management Lp boosted its stake in WAB in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 67,835 shares of Westinghouse Air Brake Technologies Corp which is valued at $5.3 Million. Westinghouse Air Brake Technologies Corp makes up approx 0.21% of Ironbridge Capital Management Lp’s portfolio.Hendershot Investments boosted its stake in WAB in the latest quarter, The investment management firm added 6,015 additional shares and now holds a total of 67,320 shares of Westinghouse Air Brake Technologies Corp which is valued at $5.3 Million. Westinghouse Air Brake Technologies Corp makes up approx 2.75% of Hendershot Investments’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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