Capital Investment Services Of America buys $7,537,307 stake in Westinghouse Air Brake Technologies Corp (WAB)

Westinghouse Air Brake Technologies Corp (WAB) : Capital Investment Services Of America scooped up 7,900 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 Oct 7, 2016. The investment management firm now holds a total of 92,505 shares of Westinghouse Air Brake Technologies Corp which is valued at $7,537,307.Westinghouse Air Brake Technologies Corp makes up approximately 1.45% of Capital Investment Services Of America’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa reduced its stake in WAB by selling 29,358 shares or 77.16% in the most recent quarter. The Hedge Fund company now holds 8,689 shares of WAB which is valued at $708,849.Telemus Capital reduced its stake in WAB by selling 111 shares or 1.25% in the most recent quarter. The Hedge Fund company now holds 8,737 shares of WAB which is valued at $712,764. Westinghouse Air Brake Technologies Corp makes up approx 0.08% of Telemus Capital’s portfolio.Independent Portfolio Consultants boosted its stake in WAB in the latest quarter, The investment management firm added 40 additional shares and now holds a total of 6,584 shares of Westinghouse Air Brake Technologies Corp which is valued at $537,123. Westinghouse Air Brake Technologies Corp makes up approx 0.17% of Independent Portfolio Consultants’s portfolio. Washington Trust Bank added WAB to its portfolio by purchasing 15 company shares during the most recent quarter which is valued at $1,224.

Westinghouse Air Brake Technologies Corp closed down -0.88 points or -1.07% at $81.48 with 10,74,814 shares getting traded on Friday. Post opening the session at $82.46, the shares hit an intraday low of $80.79 and an intraday high of $82.99 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, 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. Westinghouse Air Brake Technologies Corp was Initiated by CLSA to “Buy” on Sep 30, 2016. Deutsche Bank Initiated Westinghouse Air Brake Technologies Corp on Sep 7, 2016 to “Buy”, Price Target of the shares are set at $90.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.

Leave a Reply

Westinghouse Air Brake Technologies Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Westinghouse Air Brake Technologies Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.