Laurel Grove Capital Lowers stake in Westinghouse Air Brake Technologies Corp (WAB)

Westinghouse Air Brake Technologies Corp (WAB) : Laurel Grove Capital reduced its stake in Westinghouse Air Brake Technologies Corp by 2.35% during the most recent quarter end. The investment management company now holds a total of 65,375 shares of Westinghouse Air Brake Technologies Corp which is valued at $4,651,431 after selling 1,575 shares in Westinghouse Air Brake Technologies Corp , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.Westinghouse Air Brake Technologies Corp makes up approximately 2.72% of Laurel Grove Capital’s portfolio.

Other Hedge Funds, Including , 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.Nordea Investment Management Ab boosted its stake in WAB in the latest quarter, The investment management firm added 133 additional shares and now holds a total of 1,714 shares of Westinghouse Air Brake Technologies Corp which is valued at $122,482.Eagle Asset Management Inc boosted its stake in WAB in the latest quarter, The investment management firm added 6 additional shares and now holds a total of 35,211 shares of Westinghouse Air Brake Technologies Corp which is valued at $2,516,178. Westinghouse Air Brake Technologies Corp makes up approx 0.02% of Eagle Asset Management Inc’s portfolio.Telemus Capital reduced its stake in WAB by selling 495 shares or 5.3% in the most recent quarter. The Hedge Fund company now holds 8,848 shares of WAB which is valued at $632,278. Westinghouse Air Brake Technologies Corp makes up approx 0.07% of Telemus Capital’s portfolio.British Columbia Investment Management Corp reduced its stake in WAB by selling 5,368 shares or 11.05% in the most recent quarter. The Hedge Fund company now holds 43,200 shares of WAB which is valued at $3,049,920. Westinghouse Air Brake Technologies Corp makes up approx 0.03% of British Columbia Investment Management Corp’s portfolio.

Westinghouse Air Brake Technologies Corp opened for trading at $70.97 and hit $71.7 on the upside on Wednesday, eventually ending the session at $71.46, with a gain of 0.72% or 0.51 points. The heightened volatility saw the trading volume jump to 7,69,372 shares. Company has a market cap of $6,439 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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