K.j. Harrison Partners Inc buys $1,237,320 stake in Westinghouse Air Brake Technologies Corp (WAB)

Westinghouse Air Brake Technologies Corp (WAB) : K.j. Harrison Partners Inc scooped up 2,700 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 Jul 26, 2016. The investment management firm now holds a total of 18,000 shares of Westinghouse Air Brake Technologies Corp which is valued at $1,237,320.Westinghouse Air Brake Technologies Corp makes up approximately 0.65% of K.j. Harrison Partners Inc’s portfolio.

Other Hedge Funds, Including , Pggm Investments added WAB to its portfolio by purchasing 380,352 company shares during the most recent quarter which is valued at $26,145,396. Westinghouse Air Brake Technologies Corp makes up approx 0.13% of Pggm Investments’s portfolio.Pitcairn Co boosted its stake in WAB in the latest quarter, The investment management firm added 2,799 additional shares and now holds a total of 25,427 shares of Westinghouse Air Brake Technologies Corp which is valued at $1,747,852. Westinghouse Air Brake Technologies Corp makes up approx 0.22% of Pitcairn Co’s portfolio.Independent Portfolio Consultants reduced its stake in WAB by selling 6,961 shares or 51.54% in the most recent quarter. The Hedge Fund company now holds 6,544 shares of WAB which is valued at $468,747. Westinghouse Air Brake Technologies Corp makes up approx 0.14% of Independent Portfolio Consultants’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.Mazama Capital Management Inc reduced its stake in WAB by selling 2,179 shares or 20.58% in the most recent quarter. The Hedge Fund company now holds 8,409 shares of WAB which is valued at $593,675. Westinghouse Air Brake Technologies Corp makes up approx 0.12% of Mazama Capital Management Inc’s portfolio.

Westinghouse Air Brake Technologies Corp opened for trading at $68.16 and hit $68.94 on the upside on Friday, eventually ending the session at $68.5, with a gain of 0.44% or 0.3 points. The heightened volatility saw the trading volume jump to 8,31,314 shares. Company has a market cap of $6,172 M.

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.

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.

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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