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Wabtec Corp (WAB) Holder Edgepoint Investment Group INC Has Trimmed Its Holding by $128.89 Million as Market Valuation Rose - Money Making Articles Hot Stuff

Wabtec Corp (WAB) Holder Edgepoint Investment Group INC Has Trimmed Its Holding by $128.89 Million as Market Valuation Rose

October 13, 2018 - By mmahotstuff

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) LogoInvestors sentiment decreased to 0.82 in 2018 Q2. Its down 0.01, from 0.83 in 2018Q1. It worsened, as 23 investors sold WAB shares while 150 reduced holdings. 52 funds opened positions while 90 raised stakes. 94.45 million shares or 5.91% less from 100.39 million shares in 2018Q1 were reported. The British Columbia – Canada-based British Columbia Inv Mngmt has invested 0.02% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Shine Advisory Svcs Inc holds 0.01% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB) or 126 shares. Moreover, Ls Investment Advsrs Ltd Liability Corp has 0.04% invested in Westinghouse Air Brake Technologies Corporation (NYSE:WAB) for 6,649 shares. Element Cap Limited Liability Com accumulated 5,041 shares. Cwm Limited Liability Corp holds 0.21% or 65,755 shares in its portfolio. State Of Alaska Department Of Revenue owns 9,430 shares. 12,400 were reported by Paloma Prns Mgmt Company. Douglass Winthrop Advsr Ltd Liability Co holds 0.15% or 32,855 shares. Welch Forbes Lc accumulated 2,434 shares. Moneta Group Inv Advisors reported 47 shares stake. Oppenheimer And has 93,541 shares. Deutsche Natl Bank Ag holds 0.02% or 265,750 shares. Employees Retirement Association Of Colorado holds 0.15% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB) or 229,323 shares. Stratos Wealth Prns Ltd accumulated 18,477 shares. Great West Life Assurance Can reported 87,460 shares stake.

Since May 23, 2018, it had 0 insider buys, and 17 sales for $42.11 million activity. Another trade for 9,000 shares valued at $877,190 was sold by WAHLSTROM SCOTT. $441,046 worth of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) was sold by FOSTER LEE B II. The insider NEUPAVER ALBERT J sold 65,000 shares worth $6.29M. 2,952 shares were sold by Hehir Brian, worth $284,437. 3,500 shares were sold by BROOKS ROBERT J, worth $341,600 on Friday, May 25. KASSLING WILLIAM E also sold $6.01M worth of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) on Thursday, July 26.

Edgepoint Investment Group Inc decreased its stake in Wabtec Corp (WAB) by 27.59% based on its latest 2018Q2 regulatory filing with the SEC. Edgepoint Investment Group Inc sold 1.32 million shares as the company’s stock rose 11.72% with the market. The institutional investor held 3.45 million shares of the railroads company at the end of 2018Q2, valued at $340.36 million, down from 4.77M at the end of the previous reported quarter. Edgepoint Investment Group Inc who had been investing in Wabtec Corp for a number of months, seems to be less bullish one the $9.21 billion market cap company. The stock decreased 1.51% or $1.46 during the last trading session, reaching $95.43. About 1.18 million shares traded or 27.98% up from the average. Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has risen 56.61% since October 13, 2017 and is uptrending. It has outperformed by 40.99% the S&P500.

Edgepoint Investment Group Inc, which manages about $8.03 billion US Long portfolio, upped its stake in Enbridge Inc (NYSE:ENB) by 290,000 shares to 1.48M shares, valued at $53.05M in 2018Q2, according to the filing. It also increased its holding in Bank N S Halifax (NYSE:BNS) by 357,525 shares in the quarter, for a total of 1.17 million shares, and has risen its stake in Affiliated Managers Group (NYSE:AMG).

Analysts await Westinghouse Air Brake Technologies Corporation (NYSE:WAB) to report earnings on October, 23. They expect $0.94 EPS, up 6.82 % or $0.06 from last year’s $0.88 per share. WAB’s profit will be $90.75M for 25.38 P/E if the $0.94 EPS becomes a reality. After $0.96 actual EPS reported by Westinghouse Air Brake Technologies Corporation for the previous quarter, Wall Street now forecasts -2.08 % negative EPS growth.

More notable recent Westinghouse Air Brake Technologies Corporation (NYSE:WAB) news were published by: Fool.com which released: “Why Westinghouse Air Brake Technologies Shares Plunged 14% Today” on September 14, 2018, also Globenewswire.com with their article: “Wabtec Issues Statement Regarding Planned Merger With GE Transportation” published on September 14, 2018, Bizjournals.com published: “Wabtec amends proxy related to GE Transportation deal” on September 17, 2018. More interesting news about Westinghouse Air Brake Technologies Corporation (NYSE:WAB) were released by: Seekingalpha.com and their article: “Wabtec updates on GE Transportation deal” published on September 17, 2018 as well as Globenewswire.com‘s news article titled: “Wabtec Announces Date for Special Meeting of Stockholders” with publication date: October 12, 2018.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) Ratings Coverage

Among 7 analysts covering Westinghouse Air (NYSE:WAB), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Westinghouse Air had 11 analyst reports since April 23, 2018 according to SRatingsIntel. Stifel Nicolaus maintained Westinghouse Air Brake Technologies Corporation (NYSE:WAB) on Wednesday, July 25 with “Buy” rating. KeyBanc Capital Markets downgraded the stock to “Sector Weight” rating in Friday, August 17 report. The company was downgraded on Wednesday, May 16 by Wellington Shields. The stock of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) earned “Overweight” rating by KeyBanc Capital Markets on Wednesday, July 25. The firm earned “Buy” rating on Tuesday, May 8 by Stifel Nicolaus. Stifel Nicolaus upgraded it to “Buy” rating and $9900 target in Monday, April 23 report. On Monday, May 14 the stock rating was upgraded by Deutsche Bank to “Buy”. The firm earned “Buy” rating on Wednesday, April 25 by Seaport Global. Wells Fargo maintained Westinghouse Air Brake Technologies Corporation (NYSE:WAB) on Wednesday, April 25 with “Buy” rating. KeyBanc Capital Markets maintained Westinghouse Air Brake Technologies Corporation (NYSE:WAB) on Tuesday, May 8 with “Overweight” rating.

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

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