Mycio Wealth Partners buys $53,255,565 stake in Westinghouse Air Brake Technologies Corp (WAB)

Westinghouse Air Brake Technologies Corp (WAB) : Mycio Wealth Partners scooped up 250 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 Aug 10, 2016. The investment management firm now holds a total of 745,250 shares of Westinghouse Air Brake Technologies Corp which is valued at $53,255,565.Westinghouse Air Brake Technologies Corp makes up approximately 8.90% of Mycio Wealth Partners’s portfolio.

Other Hedge Funds, Including , Bridgewater Associates Lp added WAB to its portfolio by purchasing 17,699 company shares during the most recent quarter which is valued at $1,264,771. Westinghouse Air Brake Technologies Corp makes up approx 0.01% of Bridgewater Associates Lp’s portfolio.State Board Of Administration Of Florida Retirement System boosted its stake in WAB in the latest quarter, The investment management firm added 15,601 additional shares and now holds a total of 139,748 shares of Westinghouse Air Brake Technologies Corp which is valued at $10,088,408. Westinghouse Air Brake Technologies Corp makes up approx 0.03% of State Board Of Administration Of Florida Retirement System’s portfolio.Rathbone Brothers Plc boosted its stake in WAB in the latest quarter, The investment management firm added 19,047 additional shares and now holds a total of 65,628 shares of Westinghouse Air Brake Technologies Corp which is valued at $4,603,148. Westinghouse Air Brake Technologies Corp makes up approx 0.25% of Rathbone Brothers Plc’s portfolio.Alps Advisors Inc reduced its stake in WAB by selling 316 shares or 5.73% in the most recent quarter. The Hedge Fund company now holds 5,200 shares of WAB which is valued at $357,448. Bath Savings Trust Co sold out all of its stake in WAB during the most recent quarter. The investment firm sold 4,545 shares of WAB which is valued $323,377.

Westinghouse Air Brake Technologies Corp opened for trading at $72.69 and hit $74.43 on the upside on Friday, eventually ending the session at $74.34, with a gain of 1.40% or 1.03 points. The heightened volatility saw the trading volume jump to 8,02,807 shares. Company has a market cap of $6,700 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.

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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