Speece Thorson Capital Group INC Raised Its Wabtec Corp (WAB) Stake by $7.82 Million as Valuation Rose

May 24, 2018 - By Migdalia James

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) LogoInvestors sentiment increased to 0.93 in 2017 Q4. 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. Brandywine Global Inv Lc accumulated 24,700 shares. Credit Suisse Ag has 0.08% invested in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Private Na holds 2,713 shares. Janney Montgomery Scott Ltd Liability reported 0% of its portfolio in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Teacher Retirement Systems Of Texas invested in 0.01% or 23,746 shares. 7.38M were reported by Vanguard Group. Farmers & Merchants Investments has 0% invested in Westinghouse Air Brake Technologies Corporation (NYSE:WAB) for 76 shares. Michigan-based Ls Advsrs Ltd Llc has invested 0.04% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). California-based First Foundation Advsr has invested 0.03% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Northeast has invested 0.02% of its portfolio in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Essex Invest Management Co Ltd Liability Co reported 12,789 shares stake. 800 are owned by Old Mutual Customised Solutions (Proprietary). Brown Advisory stated it has 0.72% of its portfolio in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Thrivent Fincl For Lutherans holds 0.01% or 18,600 shares in its portfolio. Ing Groep Nv holds 0% or 2,892 shares in its portfolio.

Speece Thorson Capital Group Inc increased its stake in Wabtec Corp (WAB) by 94.06% based on its latest 2017Q4 regulatory filing with the SEC. Speece Thorson Capital Group Inc bought 96,547 shares as the company’s stock rose 1.36% while stock markets declined. The hedge fund held 199,192 shares of the railroads company at the end of 2017Q4, valued at $16.22 million, up from 102,645 at the end of the previous reported quarter. Speece Thorson Capital Group Inc who had been investing in Wabtec Corp for a number of months, seems to be bullish on the $9.36B market cap company. The stock increased 0.52% or $0.5 during the last trading session, reaching $97.16. About 187,408 shares traded. Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has risen 7.58% since May 24, 2017 and is uptrending. It has underperformed by 3.97% the S&P500.

More notable recent Westinghouse Air Brake Technologies Corporation (NYSE:WAB) news were published by: Bizjournals.com which released: “Seven Pittsburgh-area companies on 2018’s Fortune 500 list” on May 22, 2018, also Streetinsider.com with their article: “GE cannot guarantee dividend, still fixing some units, CEO says” published on May 23, 2018, Seekingalpha.com published: “GE’s Share Slide – A Buying Opportunity” on May 24, 2018. More interesting news about Westinghouse Air Brake Technologies Corporation (NYSE:WAB) were released by: Nasdaq.com and their article: “4 Blue-Chip Stocks Rallying on a US-China Trade Deal” published on May 22, 2018 as well as Bizjournals.com‘s news article titled: “GE merges its locomotive business in $11B deal. What’s the Fort Worth impact?” with publication date: May 21, 2018.

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

Among 9 analysts covering Westinghouse Air (NYSE:WAB), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Westinghouse Air had 15 analyst reports since December 13, 2017 according to SRatingsIntel. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Tuesday, May 8. The rating was maintained by Wells Fargo on Wednesday, February 21 with “Market Perform”. The rating was maintained by Stifel Nicolaus on Wednesday, February 21 with “Hold”. Wells Fargo maintained Westinghouse Air Brake Technologies Corporation (NYSE:WAB) on Wednesday, April 25 with “Buy” rating. The company was maintained on Friday, February 2 by Stifel Nicolaus. The stock has “Buy” rating by Stifel Nicolaus on Monday, April 23. The stock of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has “Buy” rating given on Friday, February 16 by Wolfe Research. Seaport Global maintained the shares of WAB in report on Wednesday, April 25 with “Buy” rating. Deutsche Bank upgraded the stock to “Buy” rating in Monday, May 14 report. On Wednesday, May 16 the stock rating was downgraded by Wellington Shields to “Hold”.

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

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