As Wabtec (WAB) Valuation Declined, Holder Harvey Investment Co Has Lifted Position; American Tower Class (AMT) Shareholder Princeton Portfolio Strategies Group Cut Its Holding by $380,120

January 22, 2018 - By Linda Rogers

Harvey Investment Co Llc increased its stake in Wabtec Corporation (WAB) by 7.38% based on its latest 2017Q3 regulatory filing with the SEC. Harvey Investment Co Llc bought 12,220 shares as the company’s stock declined 6.73% while stock markets rallied. The institutional investor held 177,710 shares of the railroads company at the end of 2017Q3, valued at $13.46M, up from 165,490 at the end of the previous reported quarter. Harvey Investment Co Llc who had been investing in Wabtec Corporation for a number of months, seems to be bullish on the $7.94B market cap company. The stock decreased 0.10% or $0.08 during the last trading session, reaching $82.72. About 190,887 shares traded. Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has risen 7.39% since January 22, 2017 and is uptrending. It has underperformed by 9.31% the S&P500.

Princeton Portfolio Strategies Group Llc decreased its stake in American Tower Corp Class (AMT) by 4.91% based on its latest 2017Q3 regulatory filing with the SEC. Princeton Portfolio Strategies Group Llc sold 2,795 shares as the company’s stock rose 18.69% with the market. The institutional investor held 54,150 shares of the real estate investment trusts company at the end of 2017Q3, valued at $7.40M, down from 56,945 at the end of the previous reported quarter. Princeton Portfolio Strategies Group Llc who had been investing in American Tower Corp Class for a number of months, seems to be less bullish one the $59.35B market cap company. The stock increased 0.56% or $0.77 during the last trading session, reaching $138.39. About 547,835 shares traded. American Tower Corporation (NYSE:AMT) has risen 23.66% since January 22, 2017 and is uptrending. It has outperformed by 6.96% the S&P500.

Harvey Investment Co Llc, which manages about $445.75M and $506.77 million US Long portfolio, decreased its stake in Tjx Cos Inc New Com (NYSE:TJX) by 5,140 shares to 290,140 shares, valued at $21.39M in 2017Q3, according to the filing. It also reduced its holding in Bard C R Inc Com (NYSE:BCR) by 1,063 shares in the quarter, leaving it with 16,612 shares, and cut its stake in Kimberly Clark Corporation (NYSE:KMB).

Investors sentiment decreased to 0.82 in Q3 2017. Its down 0.39, from 1.21 in 2017Q2. It dived, 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. Agf Investments America Incorporated holds 40,136 shares or 1.16% of its portfolio. State Of Tennessee Treasury Department holds 174,402 shares. Oppenheimer Asset Mngmt Inc invested in 0.03% or 15,183 shares. Friedberg Invest Management owns 20,020 shares for 2.45% of their portfolio. Altarock Prtnrs Ltd Limited Liability Company owns 686,426 shares or 7.6% of their US portfolio. State Board Of Administration Of Florida Retirement Sys reported 133,173 shares. Assetmark holds 0% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB) or 336 shares. Nationwide Fund stated it has 0.04% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Loring Wolcott Coolidge Fiduciary Advsr Ltd Liability Partnership Ma reported 0.18% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). 241 are held by Weaver C Barksdale And Associate Inc. Credit Suisse Ag reported 1.05M shares. Tiaa Cref Limited Liability Company reported 0.01% of its portfolio in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). The Tennessee-based Diversified Co has invested 0.02% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Clean Yield Group accumulated 11,253 shares. Moreover, Garrison Corp has 1.01% invested in Westinghouse Air Brake Technologies Corporation (NYSE:WAB).

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. The stock of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) earned “Buy” rating by Longbow on Wednesday, June 21. The firm has “Hold” rating by Stifel Nicolaus given on Monday, July 17. As per Monday, August 14, the company rating was maintained by Deutsche Bank. The company was upgraded on Monday, December 21 by Stifel Nicolaus. The rating was upgraded by William Blair on Wednesday, December 21 to “Outperform”. The firm has “Buy” rating given on Friday, September 15 by KeyBanc Capital Markets. The rating was downgraded by Longbow on Wednesday, October 26 to “Neutral”. The stock has “Outperform” rating by Wolfe Research on Wednesday, October 26. The rating was maintained by Stifel Nicolaus on Monday, September 11 with “Hold”. Berenberg initiated the shares of WAB in report on Thursday, September 7 with “Hold” rating.

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

Investors sentiment increased to 1.2 in 2017 Q3. Its up 0.04, from 1.16 in 2017Q2. It is positive, as 36 investors sold AMT shares while 287 reduced holdings. 102 funds opened positions while 287 raised stakes. 378.31 million shares or 1.55% less from 384.25 million shares in 2017Q2 were reported. Massachusetts-based Cadence Capital Mngmt Ltd Liability Corporation has invested 0.03% in American Tower Corporation (NYSE:REIT). 3,225 were reported by Checchi Capital Advisers Ltd Llc. Oakbrook Invs Lc holds 0.17% or 18,740 shares. 10,146 were reported by Global X Management Co Llc. Ellington Mgmt Gru Lc holds 2,900 shares. 20,195 were reported by Segment Wealth Mngmt Lc. Howard Hughes Medical Institute holds 1.02% or 30,000 shares. Axel Management Ltd has 1.8% invested in American Tower Corporation (NYSE:REIT). Cubist Systematic Strategies Limited Liability Co holds 0.14% of its portfolio in American Tower Corporation (NYSE:REIT) for 18,155 shares. Moreover, Panagora Asset Mgmt has 0.41% invested in American Tower Corporation (NYSE:REIT). Caprock Inc reported 1,973 shares. Mitsubishi Ufj Tru Banking has 0.23% invested in American Tower Corporation (NYSE:REIT) for 918,370 shares. Moreover, Piedmont Inv Advsr Ltd has 0.34% invested in American Tower Corporation (NYSE:REIT). 215 were accumulated by Tarbox Family Office Inc. Daiwa Secs Group Inc has 0.1% invested in American Tower Corporation (NYSE:REIT) for 105,460 shares.

Among 19 analysts covering American Tower Corporation (NYSE:AMT), 18 have Buy rating, 0 Sell and 1 Hold. Therefore 95% are positive. American Tower Corporation had 68 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of American Tower Corporation (NYSE:REIT) earned “Hold” rating by Zacks on Wednesday, August 26. RBC Capital Markets maintained American Tower Corporation (NYSE:REIT) rating on Thursday, August 31. RBC Capital Markets has “Buy” rating and $153.0 target. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, July 30. The rating was maintained by SunTrust on Tuesday, October 31 with “Buy”. Argus Research maintained the stock with “Buy” rating in Wednesday, August 17 report. As per Monday, July 11, the company rating was maintained by Citigroup. KeyBanc Capital Markets maintained the shares of AMT in report on Monday, November 27 with “Buy” rating. The company was maintained on Monday, October 16 by Jefferies. As per Monday, October 2, the company rating was maintained by RBC Capital Markets. Zacks upgraded American Tower Corporation (NYSE:REIT) rating on Wednesday, August 12. Zacks has “Hold” rating and $113 target.

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