Intrepid Capital Management Has Lowered Its Northern Tr Com (NTRS) Stake; Edgepoint Investment Group Has Cut Wabtec (WAB) Holding

April 22, 2018 - By Louis Casey

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) Logo

Edgepoint Investment Group Inc decreased Wabtec Corp (WAB) stake by 0.43% reported in 2017Q4 SEC filing. Edgepoint Investment Group Inc sold 22,240 shares as Wabtec Corp (WAB)’s stock rose 1.36%. The Edgepoint Investment Group Inc holds 5.14M shares with $418.84 million value, down from 5.17 million last quarter. Wabtec Corp now has $8.42B valuation. The stock increased 4.48% or $3.75 during the last trading session, reaching $87.54. About 4.17 million shares traded or 383.44% up from the average. Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has risen 7.58% since April 22, 2017 and is uptrending. It has underperformed by 3.97% the S&P500.

Intrepid Capital Management Inc decreased Northern Tr Corp Com (NTRS) stake by 34% reported in 2017Q4 SEC filing. Intrepid Capital Management Inc sold 5,905 shares as Northern Tr Corp Com (NTRS)’s stock rose 2.63%. The Intrepid Capital Management Inc holds 11,465 shares with $1.15 million value, down from 17,370 last quarter. Northern Tr Corp Com now has $24.28B valuation. The stock decreased 0.46% or $0.5 during the last trading session, reaching $107.65. About 1.42M shares traded or 12.41% up from the average. Northern Trust Corporation (NASDAQ:NTRS) has risen 19.41% since April 22, 2017 and is uptrending. It has outperformed by 7.86% the S&P500.

Since October 30, 2017, it had 0 buys, and 1 sale for $145,884 activity. 1,917 shares valued at $145,884 were sold by DeNinno David L on Monday, October 30.

Analysts await Westinghouse Air Brake Technologies Corporation (NYSE:WAB) to report earnings on April, 24. They expect $0.89 EPS, up 5.95% or $0.05 from last year’s $0.84 per share. WAB’s profit will be $85.55M for 24.59 P/E if the $0.89 EPS becomes a reality. After $0.90 actual EPS reported by Westinghouse Air Brake Technologies Corporation for the previous quarter, Wall Street now forecasts -1.11% negative EPS growth.

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. 13,562 were reported by Security National Bank & Trust Of Sioux City Iowa Ia. Kingfisher Cap has invested 0.7% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Evercore Wealth Ltd Llc invested 0.01% of its portfolio in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Earnest Prtnrs Ltd Liability Corporation owns 60 shares for 0% of their portfolio. Bessemer has 1.01% invested in Westinghouse Air Brake Technologies Corporation (NYSE:WAB) for 3.21 million shares. Veritable Limited Partnership holds 0.01% or 6,194 shares. Tower Research Cap Ltd Co (Trc), New York-based fund reported 590 shares. Johnson Gru Inc holds 0.01% of its portfolio in Westinghouse Air Brake Technologies Corporation (NYSE:WAB) for 559 shares. American Century reported 1.83M shares. Symphony Asset Management Limited Liability Corporation holds 0.23% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB) or 28,345 shares. Fdx Advisors Inc has 25,701 shares for 0.06% of their portfolio. Alliancebernstein LP stated it has 53,272 shares or 0% of all its holdings. Cibc Asset stated it has 6,413 shares. Shelton has invested 0.04% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Legal General Gru Public Limited Co has 398,299 shares for 0.02% of their portfolio.

Edgepoint Investment Group Inc increased Flowserve Corp (NYSE:FLS) stake by 4.70M shares to 13.54M valued at $570.46M in 2017Q4. It also upped Csx Corp. (NYSE:CSX) stake by 973,982 shares and now owns 8.07M shares. Berkshire Hathaway Inc Del (BRKA) was raised too.

Among 16 analysts covering Wabtec (NYSE:WAB), 9 have Buy rating, 0 Sell and 7 Hold. Therefore 56% are positive. Wabtec had 33 analyst reports since December 21, 2015 according to SRatingsIntel. The stock has “Outperform” rating by William Blair on Wednesday, December 21. The company was maintained on Friday, February 9 by Stifel Nicolaus. The stock has “Hold” rating by Deutsche Bank on Thursday, July 13. The stock of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has “Hold” rating given on Wednesday, October 25 by Stifel Nicolaus. The rating was maintained by Stifel Nicolaus with “Hold” on Wednesday, February 21. The firm earned “Market Perform” rating on Wednesday, February 21 by Wells Fargo. Stifel Nicolaus maintained it with “Hold” rating and $74.0 target in Monday, September 11 report. The rating was initiated by Berenberg on Thursday, September 7 with “Hold”. Wolfe Research maintained Westinghouse Air Brake Technologies Corporation (NYSE:WAB) rating on Wednesday, October 26. Wolfe Research has “Outperform” rating and $91 target. The company was upgraded on Monday, December 21 by Stifel Nicolaus.

Since January 26, 2018, it had 0 insider purchases, and 15 insider sales for $21.26 million activity. 6,000 shares were sold by BROWNE ROBERT P, worth $640,740 on Thursday, March 8. Another trade for 20,000 shares valued at $2.10 million was sold by MORRISON WILLIAM L. $315,960 worth of stock was sold by Blake Aileen B on Friday, January 26. Leech Wilson had sold 8,958 shares worth $951,063. Parker Teresa sold $1.07 million worth of Northern Trust Corporation (NASDAQ:NTRS) on Friday, January 26. Another trade for 13,811 shares valued at $1.50M was made by Bowman Biff on Tuesday, February 27. Cohodes Jeffrey D. sold $726,152 worth of stock or 6,898 shares.

Northern Trust Corporation (NASDAQ:NTRS) Institutional Positions Chart

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