Hahn Capital Management Cut Its Wabtec (WAB) Holding; Chemung Canal Trust Company Cut Its Merck (MRK) Stake

November 15, 2017 - By Henry Gaston

Chemung Canal Trust Company decreased Merck (MRK) stake by 13.54% reported in 2017Q2 SEC filing. Chemung Canal Trust Company sold 19,996 shares as Merck (MRK)’s stock declined 2.46%. The Chemung Canal Trust Company holds 127,736 shares with $8.19 million value, down from 147,732 last quarter. Merck now has $149.81 billion valuation. The stock declined 0.11% or $0.06 reaching $54.93 per share. About 344,897 shares traded. Merck & Co., Inc. (NYSE:MRK) has risen 16.86% since November 15, 2016 and is uptrending. It has outperformed by 0.16% the S&P500.

Hahn Capital Management Llc decreased Wabtec (WAB) stake by 10.69% reported in 2017Q2 SEC filing. Hahn Capital Management Llc sold 13,044 shares as Wabtec (WAB)’s stock declined 6.73%. The Hahn Capital Management Llc holds 108,932 shares with $9.97 billion value, down from 121,976 last quarter. Wabtec now has $6.94 billion valuation. The stock declined 1.73% or $1.27 reaching $72.26 per share. About 6,026 shares traded. Westinghouse Air Brake Technologies Corp (NYSE:WAB) has risen 7.39% since November 15, 2016 and is uptrending. It has underperformed by 9.31% the S&P500.

Investors sentiment increased to 1.21 in Q2 2017. Its up 0.49, from 0.72 in 2017Q1. It is positive, as 24 investors sold WAB shares while 132 reduced holdings. 51 funds opened positions while 137 raised stakes. 98.74 million shares or 4.37% more from 94.61 million shares in 2017Q1 were reported. 11,834 are held by Pacific Glob Investment Mngmt Communication. The North Carolina-based Kingfisher Cap Limited Liability has invested 0.84% in Westinghouse Air Brake Technologies Corp (NYSE:WAB). Carnegie Asset Mngmt Limited Liability Corporation holds 0.21% or 23,018 shares. Hahn Cap Management Llc reported 0% in Westinghouse Air Brake Technologies Corp (NYSE:WAB). Advisory Serv Ltd Liability Corporation invested in 0% or 157 shares. Fjarde Ap holds 0.05% or 27,296 shares in its portfolio. Cibc Asset has invested 0% of its portfolio in Westinghouse Air Brake Technologies Corp (NYSE:WAB). Us Bank & Trust De has invested 0.01% in Westinghouse Air Brake Technologies Corp (NYSE:WAB). Emerald Advisers Pa invested in 0.14% or 37,374 shares. Axa holds 0.02% or 49,185 shares. Highland Mngmt Ltd Liability has 0.04% invested in Westinghouse Air Brake Technologies Corp (NYSE:WAB). Profund Lc accumulated 9,160 shares. Voya Mgmt Lc holds 0.01% or 27,209 shares. Ftb Incorporated stated it has 0% of its portfolio in Westinghouse Air Brake Technologies Corp (NYSE:WAB). Asset Management One stated it has 137,665 shares.

Among 13 analysts covering Wabtec (NYSE:WAB), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 54% are positive. Wabtec had 25 analyst reports since December 21, 2015 according to SRatingsIntel. Longbow initiated Westinghouse Air Brake Technologies Corp (NYSE:WAB) on Wednesday, June 21 with “Buy” rating. Stifel Nicolaus maintained Westinghouse Air Brake Technologies Corp (NYSE:WAB) on Wednesday, February 22 with “Buy” rating. Wolfe Research maintained it with “Outperform” rating and $91 target in Wednesday, October 26 report. Deutsche Bank maintained it with “Hold” rating and $85 target in Monday, August 14 report. The rating was upgraded by KeyCorp on Wednesday, April 26 to “Overweight”. Wellington Shields upgraded the shares of WAB in report on Friday, April 7 to “Gradually Accumulate” rating. Longbow downgraded Westinghouse Air Brake Technologies Corp (NYSE:WAB) on Wednesday, October 26 to “Neutral” rating. The firm has “Overweight” rating given on Wednesday, April 26 by KeyBanc Capital Markets. Stifel Nicolaus upgraded Westinghouse Air Brake Technologies Corp (NYSE:WAB) rating on Monday, December 21. Stifel Nicolaus has “Buy” rating and $88 target. On Monday, September 11 the stock rating was maintained by Stifel Nicolaus with “Hold”.

Analysts await Westinghouse Air Brake Technologies Corp (NYSE:WAB) to report earnings on February, 20. They expect $0.96 earnings per share, up 18.52% or $0.15 from last year’s $0.81 per share. WAB’s profit will be $92.20 million for 18.82 P/E if the $0.96 EPS becomes a reality. After $0.88 actual earnings per share reported by Westinghouse Air Brake Technologies Corp for the previous quarter, Wall Street now forecasts 9.09% EPS growth.

Analysts await Merck & Co., Inc. (NYSE:MRK) to report earnings on February, 1. They expect $0.94 EPS, up 5.62% or $0.05 from last year’s $0.89 per share. MRK’s profit will be $2.56 billion for 14.61 P/E if the $0.94 EPS becomes a reality. After $1.11 actual EPS reported by Merck & Co., Inc. for the previous quarter, Wall Street now forecasts -15.32% negative EPS growth.

Among 22 analysts covering Merck & Co. Inc. (NYSE:MRK), 14 have Buy rating, 0 Sell and 8 Hold. Therefore 64% are positive. Merck & Co. Inc. had 67 analyst reports since August 13, 2015 according to SRatingsIntel. The firm has “Market Perform” rating by Cowen & Co given on Wednesday, April 12. The stock of Merck & Co., Inc. (NYSE:MRK) has “Hold” rating given on Thursday, August 27 by Jefferies. The firm has “Hold” rating given on Wednesday, September 30 by Societe Generale. The stock has “Hold” rating by Jefferies on Tuesday, June 14. The rating was maintained by Jefferies with “Sell” on Friday, August 18. The firm earned “Overweight” rating on Friday, September 9 by Barclays Capital. The firm has “Buy” rating given on Friday, August 19 by UBS. BMO Capital Markets maintained Merck & Co., Inc. (NYSE:MRK) on Thursday, October 12 with “Outperform” rating. SunTrust maintained it with “Buy” rating and $7300 target in Friday, July 28 report. The company was maintained on Monday, October 30 by UBS.

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