As Wabtec Corp (WAB) Stock Price Rose, Shareholder Farallon Capital Management LLC Cut Its Stake by $45.47 Million

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 turned negative, 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. Arrowmark Colorado Llc has 622,193 shares for 0.56% of their portfolio. Nomura Asset Mgmt, Japan-based fund reported 11,650 shares. Stone Run Capital Ltd owns 43,345 shares or 2.25% of their US portfolio. Bkd Wealth Advsrs Lc, a Missouri-based fund reported 2,284 shares. Bank & Trust Of Montreal Can has 0% invested in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). 37,435 were accumulated by Pictet Asset Ltd. 12,000 are owned by Bp Public Limited Co. Sumitomo Mitsui Asset Mgmt owns 5,067 shares for 0.01% of their portfolio. Deutsche National Bank & Trust Ag holds 265,750 shares or 0.02% of its portfolio. Rathbone Brothers Public Ltd Company holds 0.05% or 12,092 shares in its portfolio. 69,870 were accumulated by Apg Asset Nv. Whittier Trust Commerce has 0% invested in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Riverhead Cap Ltd Liability owns 0.03% invested in Westinghouse Air Brake Technologies Corporation (NYSE:WAB) for 6,672 shares. Ci Global Invests holds 0.08% of its portfolio in Westinghouse Air Brake Technologies Corporation (NYSE:WAB) for 52,888 shares. Raymond James Fincl Serv holds 0% or 9,634 shares in its portfolio.

Since July 26, 2018, it had 0 insider buys, and 10 selling transactions for $27.58 million activity. DUGAN PATRICK D sold 21,280 shares worth $2.33 million. On Tuesday, August 21 the insider BROOKS ROBERT J sold $2.21 million. 8,000 shares were sold by Hehir Brian, worth $861,128. Shares for $11.36 million were sold by NEUPAVER ALBERT J on Thursday, July 26. KASSLING WILLIAM E also sold $874,192 worth of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) on Friday, August 24. The insider Mastalerz John A Jr sold $355,014.

Farallon Capital Management Llc decreased its stake in Wabtec Corp (WAB) by 9.77% based on its latest 2018Q2 regulatory filing with the SEC. Farallon Capital Management Llc sold 463,950 shares as the company’s stock rose 11.72% with the market. The hedge fund held 4.28 million shares of the railroads company at the end of 2018Q2, valued at $422.22 million, down from 4.75 million at the end of the previous reported quarter. Farallon Capital Management Llc who had been investing in Wabtec Corp for a number of months, seems to be less bullish one the $8.18 billion market cap company. The stock decreased 4.21% or $3.72 during the last trading session, reaching $84.61. About 998,212 shares traded. Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has risen 56.61% since December 8, 2017 and is uptrending. It has outperformed by 40.99% the S&P500.

Farallon Capital Management Llc, which manages about $23.19 billion and $16.19 billion US Long portfolio, upped its stake in Logmein Inc (NASDAQ:LOGM) by 328,241 shares to 2.07 million shares, valued at $214.15 million in 2018Q2, according to the filing. It also increased its holding in Spdr S&P 500 Etf Tr (Put) (SPY) by 1.16 million shares in the quarter, for a total of 9.64 million shares, and has risen its stake in Enanta Pharmaceuticals Inc (NASDAQ:ENTA).

Analysts await Westinghouse Air Brake Technologies Corporation (NYSE:WAB) to report earnings on February, 19. They expect $1.02 earnings per share, up 13.33 % or $0.12 from last year’s $0.9 per share. WAB’s profit will be $98.55 million for 20.74 P/E if the $1.02 EPS becomes a reality. After $0.95 actual earnings per share reported by Westinghouse Air Brake Technologies Corporation for the previous quarter, Wall Street now forecasts 7.37 % EPS growth.

More notable recent Westinghouse Air Brake Technologies Corporation (NYSE:WAB) news were published by: Globenewswire.com which released: “Wabtec Announces Date for Special Meeting of Stockholders – GlobeNewswire” on October 12, 2018, also Seekingalpha.com with their article: “If The PBGC Pressures General Electric, The Stock Could Crater – Seeking Alpha” published on November 20, 2018, Fool.com published: “Why Westinghouse Air Brake Technologies Shares Plunged 14% Today – Motley Fool” on September 14, 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 – Seeking Alpha” published on September 17, 2018 as well as Gurufocus.com‘s news article titled: “CI Can Am Small Cap Fund Buys 3 Stocks – GuruFocus.com” with publication date: December 06, 2018.

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

Among 4 analysts covering Westinghouse Air Brake (NYSE:WAB), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Westinghouse Air Brake had 5 analyst reports since June 29, 2018 according to SRatingsIntel. As per Wednesday, July 25, the company rating was maintained by Stifel Nicolaus. On Wednesday, October 31 the stock rating was maintained by Wells Fargo with “Outperform”. The firm has “Sector Weight” rating by KeyBanc Capital Markets given on Friday, August 17. KeyBanc Capital Markets maintained the shares of WAB in report on Wednesday, July 25 with “Overweight” rating.

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

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