Wabtec Corp. (WAB) Holder Agf Investments America Lowered Position as Stock Value Declined; Novo (NVO) Stock Rose While Cubist Systematic Strategies Cut by $520,416 Its Holding

January 13, 2018 - By Vivian Park

Cubist Systematic Strategies Llc decreased its stake in Novo (NVO) by 48.17% based on its latest 2017Q3 regulatory filing with the SEC. Cubist Systematic Strategies Llc sold 10,842 shares as the company’s stock rose 15.20% with the market. The institutional investor held 11,665 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $562,000, down from 22,507 at the end of the previous reported quarter. Cubist Systematic Strategies Llc who had been investing in Novo for a number of months, seems to be less bullish one the $132.50 billion market cap company. The stock increased 0.15% or $0.08 during the last trading session, reaching $55.04. About 1.10 million shares traded. Novo Nordisk A/S (NYSE:NVO) has declined 23.93% since January 13, 2017 and is downtrending. It has underperformed by 40.63% the S&P500.

Agf Investments America Inc decreased its stake in Wabtec Corp. (WAB) by 37% based on its latest 2017Q3 regulatory filing with the SEC. Agf Investments America Inc sold 23,569 shares as the company’s stock declined 6.73% while stock markets rallied. The institutional investor held 40,136 shares of the railroads company at the end of 2017Q3, valued at $3.04 million, down from 63,705 at the end of the previous reported quarter. Agf Investments America Inc 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 increased 1.40% or $1.18 during the last trading session, reaching $85.2. About 421,126 shares traded. Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has risen 7.39% since January 13, 2017 and is uptrending. It has underperformed by 9.31% the S&P500.

Agf Investments America Inc, which manages about $1.29 billion and $261.85M US Long portfolio, upped its stake in First Solar Inc. (NASDAQ:FSLR) by 24,819 shares to 60,371 shares, valued at $2.77M in 2017Q3, according to the filing.

Analysts await Westinghouse Air Brake Technologies Corporation (NYSE:WAB) to report earnings on February, 20. They expect $0.95 earnings per share, up 17.28% or $0.14 from last year’s $0.81 per share. WAB’s profit will be $91.20 million for 22.42 P/E if the $0.95 EPS becomes a reality. After $0.88 actual earnings per share reported by Westinghouse Air Brake Technologies Corporation for the previous quarter, Wall Street now forecasts 7.95% EPS growth.

Since October 30, 2017, it had 0 insider buys, and 1 insider sale for $145,884 activity.

Investors sentiment decreased to 0.82 in 2017 Q3. Its down 0.39, from 1.21 in 2017Q2. It worsened, as 48 investors sold WAB shares while 133 reduced holdings. 35 funds opened positions while 113 raised stakes. 101.47 million shares or 2.77% more from 98.74 million shares in 2017Q2 were reported. 7,787 are owned by Franklin Resource Inc. X Ltd Co owns 3,535 shares. 686,426 were reported by Altarock Ltd Llc. Comerica State Bank accumulated 100,251 shares. Pictet Asset holds 0.01% or 31,800 shares in its portfolio. Appleton Prns Ma invested 0.55% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Hsbc Public Ltd accumulated 453,737 shares. 2,978 are held by Northeast Mgmt. Private Advisor Gp Limited Co holds 0.02% of its portfolio in Westinghouse Air Brake Technologies Corporation (NYSE:WAB) for 10,115 shares. Credit Suisse Ag has 1.05M shares for 0.08% of their portfolio. Df Dent reported 0.01% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Amer Century Incorporated has 0.16% invested in Westinghouse Air Brake Technologies Corporation (NYSE:WAB) for 2.14 million shares. Garrison Fincl invested 1.01% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Brown Advisory, Maryland-based fund reported 3.24M shares. Madison Invest Holdings Incorporated holds 0.44% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB) or 324,218 shares.

Among 15 analysts covering Wabtec (NYSE:WAB), 9 have Buy rating, 0 Sell and 6 Hold. Therefore 60% are positive. Wabtec had 27 analyst reports since December 21, 2015 according to SRatingsIntel. Edward Jones downgraded the stock to “Hold” rating in Wednesday, July 26 report. The company was maintained on Wednesday, October 26 by Wolfe Research. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, October 25. Berenberg initiated the shares of WAB in report on Thursday, September 7 with “Hold” rating. KeyBanc Capital Markets maintained Westinghouse Air Brake Technologies Corporation (NYSE:WAB) on Tuesday, October 24 with “Buy” rating. The stock of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) earned “Buy” rating by Deutsche Bank on Wednesday, September 7. The firm has “Hold” rating given on Thursday, July 13 by Deutsche Bank. The rating was upgraded by William Blair to “Outperform” on Wednesday, December 21. The firm has “Hold” rating given on Monday, July 17 by Stifel Nicolaus. The firm has “Overweight” rating by KeyCorp given on Wednesday, April 26.

Analysts await Novo Nordisk A/S (NYSE:NVO) to report earnings on February, 1. They expect $0.56 EPS, up 12.00% or $0.06 from last year’s $0.5 per share. NVO’s profit will be $1.35B for 24.57 P/E if the $0.56 EPS becomes a reality. After $0.62 actual EPS reported by Novo Nordisk A/S for the previous quarter, Wall Street now forecasts -9.68% negative EPS growth.

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