As Wabtec (WAB) Stock Price Rose, Provident Investment Management Lifted Stake; As Mondelez International (MDLZ) Share Value Declined, Holder Troy Asset Management LTD Has Lowered by $1.87 Million Its Position

April 23, 2018 - By Peter Erickson

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) Logo

Provident Investment Management Inc increased its stake in Wabtec Corp (WAB) by 3.14% based on its latest 2017Q4 regulatory filing with the SEC. Provident Investment Management Inc bought 9,547 shares as the company’s stock rose 1.36% while stock markets declined. The institutional investor held 314,046 shares of the railroads company at the end of 2017Q4, valued at $25.57 million, up from 304,499 at the end of the previous reported quarter. Provident Investment Management Inc who had been investing in Wabtec Corp for a number of months, seems to be bullish on the $8.47 billion market cap company. The stock increased 0.61% or $0.53 during the last trading session, reaching $88.07. About 1.13M shares traded or 30.45% up from the average. Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has risen 7.58% since April 23, 2017 and is uptrending. It has underperformed by 3.97% the S&P500.

Troy Asset Management Ltd decreased its stake in Mondelez International Inc (MDLZ) by 96.25% based on its latest 2017Q4 regulatory filing with the SEC. Troy Asset Management Ltd sold 44,445 shares as the company’s stock declined 5.65% with the market. The institutional investor held 1,730 shares of the consumer non-durables company at the end of 2017Q4, valued at $74,000, down from 46,175 at the end of the previous reported quarter. Troy Asset Management Ltd who had been investing in Mondelez International Inc for a number of months, seems to be less bullish one the $59.79B market cap company. The stock increased 0.50% or $0.2 during the last trading session, reaching $40.31. About 3.83 million shares traded. Mondelez International, Inc. (NASDAQ:MDLZ) has declined 6.02% since April 23, 2017 and is downtrending. It has underperformed by 17.57% the S&P500.

Investors sentiment increased to 1 in Q4 2017. Its up 0.16, from 0.84 in 2017Q3. It is positive, as 56 investors sold MDLZ shares while 388 reduced holdings. 107 funds opened positions while 338 raised stakes. 1.07 billion shares or 1.13% less from 1.08 billion shares in 2017Q3 were reported. Moreover, Reilly Financial Advisors Lc has 1.24% invested in Mondelez International, Inc. (NASDAQ:MDLZ) for 203,951 shares. Gotham Asset Ltd Liability Corporation holds 0.08% in Mondelez International, Inc. (NASDAQ:MDLZ) or 130,886 shares. Keating Invest Counselors reported 12,959 shares. Pathstone Family Office Limited Co reported 46 shares or 0% of all its holdings. First Corporation In reported 23,134 shares stake. 1.56 million are owned by Balyasny Asset Management Llc. M Secs Inc has invested 0.11% in Mondelez International, Inc. (NASDAQ:MDLZ). Plancorp Ltd Liability owns 9,664 shares. Cambridge Communications holds 0.03% in Mondelez International, Inc. (NASDAQ:MDLZ) or 10,459 shares. First Interstate Fincl Bank invested 1.46% in Mondelez International, Inc. (NASDAQ:MDLZ). Rockefeller accumulated 0% or 4,000 shares. Goldman Sachs Gp has invested 0.09% in Mondelez International, Inc. (NASDAQ:MDLZ). Schaller Inv Incorporated holds 0.12% of its portfolio in Mondelez International, Inc. (NASDAQ:MDLZ) for 5,588 shares. 638,049 are held by Cap Guardian Tru. Cullen Frost Bankers Inc owns 68,786 shares for 0.09% of their portfolio.

Troy Asset Management Ltd, which manages about $2.42B US Long portfolio, upped its stake in L Brands Inc (LTD) by 12,000 shares to 62,000 shares, valued at $3.73 million in 2017Q4, according to the filing. It also increased its holding in Colgate (NYSE:CL) by 7,000 shares in the quarter, for a total of 1.45 million shares, and has risen its stake in Hershey Co/The (NYSE:HSY).

Among 23 analysts covering Mondelez International Inc (NASDAQ:MDLZ), 18 have Buy rating, 1 Sell and 4 Hold. Therefore 78% are positive. Mondelez International Inc had 62 analyst reports since July 31, 2015 according to SRatingsIntel. Buckingham Research maintained Mondelez International, Inc. (NASDAQ:MDLZ) rating on Tuesday, October 31. Buckingham Research has “Buy” rating and $47 target. The stock of Mondelez International, Inc. (NASDAQ:MDLZ) has “Buy” rating given on Tuesday, October 3 by RBC Capital Markets. The stock of Mondelez International, Inc. (NASDAQ:MDLZ) earned “Buy” rating by BMO Capital Markets on Wednesday, June 14. The firm has “Hold” rating by Deutsche Bank given on Thursday, November 10. The rating was initiated by Deutsche Bank with “Hold” on Wednesday, February 15. The rating was maintained by Morgan Stanley with “Overweight” on Thursday, February 1. As per Monday, April 16, the company rating was maintained by Credit Suisse. RBC Capital Markets maintained Mondelez International, Inc. (NASDAQ:MDLZ) rating on Thursday, July 6. RBC Capital Markets has “Buy” rating and $5400 target. Stifel Nicolaus maintained the shares of MDLZ in report on Monday, October 23 with “Hold” rating. The stock has “Outperform” rating by RBC Capital Markets on Thursday, February 4.

Analysts await Mondelez International, Inc. (NASDAQ:MDLZ) to report earnings on May, 1 after the close. They expect $0.61 EPS, up 15.09% or $0.08 from last year’s $0.53 per share. MDLZ’s profit will be $904.77M for 16.52 P/E if the $0.61 EPS becomes a reality. After $0.57 actual EPS reported by Mondelez International, Inc. for the previous quarter, Wall Street now forecasts 7.02% EPS growth.

Since February 16, 2018, it had 2 buys, and 3 sales for $1.03 billion activity. 10,931 shares were sold by Weber Hubert, worth $478,668 on Thursday, February 22. BUNCH CHARLES E bought $87,800 worth of stock or 2,000 shares. PELTZ NELSON had sold 6.52M shares worth $284.87M.

Investors sentiment increased to 0.93 in Q4 2017. Its up 0.11, from 0.82 in 2017Q3. It is positive, as 28 investors sold WAB shares while 139 reduced holdings. 47 funds opened positions while 108 raised stakes. 102.49 million shares or 1.00% more from 101.47 million shares in 2017Q3 were reported. Grp Inc has 0.05% invested in Westinghouse Air Brake Technologies Corporation (NYSE:WAB) for 176,862 shares. Apg Asset Nv reported 69,870 shares or 0.01% of all its holdings. Principal Fincl Gru invested in 357,016 shares or 0.03% of the stock. Washington has 0.61% invested in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). 4,262 are owned by West Chester Capital Advsr. Moreover, Qs Limited Liability Corporation has 0% invested in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Jpmorgan Chase And holds 48,846 shares. California-based Assetmark Inc has invested 0% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Caisse De Depot Et Placement Du Quebec holds 16,200 shares or 0% of its portfolio. Hahn Capital Mngmt Ltd Com stated it has 0.83% of its portfolio in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Brown Advisory Secs Lc reported 3,507 shares or 0.05% of all its holdings. Warren Averett Asset Management Ltd Liability holds 0.01% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB) or 510 shares. Weiss Multi holds 0.04% or 17,500 shares. Commonwealth Bank Of Australia owns 170,084 shares for 0.14% of their portfolio. Hightower Limited Liability Corp has invested 0% of its portfolio in Westinghouse Air Brake Technologies Corporation (NYSE:WAB).

Since October 30, 2017, it had 0 buys, and 1 sale for $145,884 activity.

Provident Investment Management Inc, which manages about $417.42M and $626.43M US Long portfolio, decreased its stake in Roper Technologies Inc (NYSE:ROP) by 1,335 shares to 125,357 shares, valued at $32.47M in 2017Q4, according to the filing. It also reduced its holding in Aspen Technology Inc (NASDAQ:AZPN) by 181,315 shares in the quarter, leaving it with 228,465 shares, and cut its stake in Factset Resh Sys Inc (NYSE:FDS).

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) Institutional Positions Chart

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