Cryder Capital Partners Llp Lowers stake in Westinghouse Air Brake Technologies Corp (WAB)

Westinghouse Air Brake Technologies Corp (WAB) : Cryder Capital Partners Llp reduced its stake in Westinghouse Air Brake Technologies Corp by 3.03% during the most recent quarter end. The investment management company now holds a total of 219,165 shares of Westinghouse Air Brake Technologies Corp which is valued at $15,727,280 after selling 6,839 shares in Westinghouse Air Brake Technologies Corp , the firm said in a disclosure report filed with the SEC on Jul 12, 2016.Westinghouse Air Brake Technologies Corp makes up approximately 12.07% of Cryder Capital Partners Llp’s portfolio.

Other Hedge Funds, Including , Cutler Group Lp added WAB to its portfolio by purchasing 110 company shares during the most recent quarter which is valued at $7,894.Quotient Investors reduced its stake in WAB by selling 6,060 shares or 27.72% in the most recent quarter. The Hedge Fund company now holds 15,800 shares of WAB which is valued at $1,133,808. Westinghouse Air Brake Technologies Corp makes up approx 0.52% of Quotient Investors’s portfolio.Gw&k Investment Management boosted its stake in WAB in the latest quarter, The investment management firm added 32,484 additional shares and now holds a total of 207,535 shares of Westinghouse Air Brake Technologies Corp which is valued at $14,892,712. Westinghouse Air Brake Technologies Corp makes up approx 0.30% of Gw&k Investment Management’s portfolio.Gulf International Bank (uk) Ltd reduced its stake in WAB by selling 200 shares or 0.67% in the most recent quarter. The Hedge Fund company now holds 29,431 shares of WAB which is valued at $2,111,969. Westinghouse Air Brake Technologies Corp makes up approx 0.03% of Gulf International Bank (uk) Ltd’s portfolio.Integrated Investment Consultants reduced its stake in WAB by selling 4 shares or 0.49% in the most recent quarter. The Hedge Fund company now holds 805 shares of WAB which is valued at $54,990. Westinghouse Air Brake Technologies Corp makes up approx 0.03% of Integrated Investment Consultants’s portfolio.

Westinghouse Air Brake Technologies Corp closed down -0.03 points or -0.04% at $71.44 with 11,94,453 shares getting traded on Friday. Post opening the session at $71.88, the shares hit an intraday low of $70.99 and an intraday high of $71.96 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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