Park Presidio Capital adds Westinghouse Air Brake Technologies Corp (WAB) to its portfolio

Westinghouse Air Brake Technologies Corp (WAB) : Park Presidio Capital added new position in Westinghouse Air Brake Technologies Corp during the most recent quarter end. The investment management firm now holds 465,000 shares of Westinghouse Air Brake Technologies Corp which is valued at $40,561,950 , the company said in a statement filed on Nov 14, 2016 with the SEC.Westinghouse Air Brake Technologies Corp makes up approximately 6.17% of Park Presidio Capital’s portfolio.

Other Hedge Funds, Including , Glenmede Trust Co Na boosted its stake in WAB in the latest quarter, The investment management firm added 390,698 additional shares and now holds a total of 706,753 shares of Westinghouse Air Brake Technologies Corp which is valued at $61,650,064. Westinghouse Air Brake Technologies Corp makes up approx 0.35% of Glenmede Trust Co Na’s portfolio.Nationwide Fund Advisors reduced its stake in WAB by selling 67,761 shares or 17.18% in the most recent quarter. The Hedge Fund company now holds 326,579 shares of WAB which is valued at $27,099,525. Westinghouse Air Brake Technologies Corp makes up approx 0.11% of Nationwide Fund Advisors’s portfolio.Mountain Pacific Investment Advisers Incid boosted its stake in WAB in the latest quarter, The investment management firm added 22,200 additional shares and now holds a total of 270,910 shares of Westinghouse Air Brake Technologies Corp which is valued at $22,480,112. Westinghouse Air Brake Technologies Corp makes up approx 2.50% of Mountain Pacific Investment Advisers Incid’s portfolio.

Westinghouse Air Brake Technologies Corp closed down -0.57 points or -0.66% at $85.63 with 3,72,481 shares getting traded on Monday. Post opening the session at $86.06, the shares hit an intraday low of $85.15 and an intraday high of $86.07 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Westinghouse Air Brake Technologies Corp reported $0.94 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Oct 25, 2016. Analyst had a consensus of $0.99. The company had revenue of $675.60 million for the quarter, compared to analysts expectations of $721.97 million. The company’s revenue was down -16.5 % 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 Downgraded by Longbow to ” Neutral” on Oct 26, 2016. 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.

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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