Cim Lowers stake in Westinghouse Air Brake Technologies Corp (WAB)

Westinghouse Air Brake Technologies Corp (WAB) : Cim reduced its stake in Westinghouse Air Brake Technologies Corp by 0.92% during the most recent quarter end. The investment management company now holds a total of 5,953 shares of Westinghouse Air Brake Technologies Corp which is valued at $481,181 after selling 55 shares in Westinghouse Air Brake Technologies Corp , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.Westinghouse Air Brake Technologies Corp makes up approximately 0.23% of Cim’s portfolio.

Other Hedge Funds, Including , Laurel Grove Capital reduced its stake in WAB by selling 300 shares or 0.46% in the most recent quarter. The Hedge Fund company now holds 65,075 shares of WAB which is valued at $5,260,012. Westinghouse Air Brake Technologies Corp makes up approx 3.05% of Laurel Grove Capital’s portfolio.Msi Financial Services Inc boosted its stake in WAB in the latest quarter, The investment management firm added 270 additional shares and now holds a total of 2,661 shares of Westinghouse Air Brake Technologies Corp which is valued at $214,716. Westinghouse Air Brake Technologies Corp makes up approx 0.01% of Msi Financial Services Inc’s portfolio. Cobiz Investment Management sold out all of its stake in WAB during the most recent quarter. The investment firm sold 46,630 shares of WAB which is valued $3,786,356.First Mercantile Trust Co reduced its stake in WAB by selling 670 shares or 11.86% in the most recent quarter. The Hedge Fund company now holds 4,980 shares of WAB which is valued at $405,770. Westinghouse Air Brake Technologies Corp makes up approx 0.05% of First Mercantile Trust Co’s portfolio.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.

Westinghouse Air Brake Technologies Corp opened for trading at $81.27 and hit $81.7199 on the upside on Friday, eventually ending the session at $80.83, with a gain of 0.17% or 0.14 points. The heightened volatility saw the trading volume jump to 9,07,792 shares. Company has a market cap of $7,284 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. 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.

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