United Technologies Corp. (UTX) Position Boosted by Diamond Hill Capital Management Inc; Wabtec Corp. (WAB) Market Value Declined While Agf Investments America Has Trimmed Its Holding

January 18, 2018 - By Ellis Scott

Ric Dillon increased its stake in United Technologies Corp. (UTX) by 6.66% based on its latest 2017Q3 regulatory filing with the SEC. Diamond Hill Capital Management Inc bought 234,265 shares as the company’s stock rose 8.03% with the market. The hedge fund run by Ric Dillon held 3.75M shares of the aerospace company at the end of 2017Q3, valued at $435.52M, up from 3.52 million at the end of the previous reported quarter. Diamond Hill Capital Management Inc who had been investing in United Technologies Corp. for a number of months, seems to be bullish on the $107.34B market cap company. The stock increased 0.34% or $0.45 during the last trading session, reaching $134.42. About 3.91 million shares traded or 22.82% up from the average. United Technologies Corporation (NYSE:UTX) has risen 22.99% since January 18, 2017 and is uptrending. It has outperformed by 6.29% 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 $3.04M, 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 $7.94B market cap company. The stock decreased 1.76% or $1.48 during the last trading session, reaching $82.72. About 629,318 shares traded. Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has risen 7.39% since January 18, 2017 and is uptrending. It has underperformed by 9.31% the S&P500.

Investors sentiment decreased to 0.82 in Q3 2017. Its down 0.39, from 1.21 in 2017Q2. It turned negative, 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. Trillium Asset Management Ltd holds 0.97% of its portfolio in Westinghouse Air Brake Technologies Corporation (NYSE:WAB) for 223,137 shares. British Columbia Investment Management stated it has 0.02% of its portfolio in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Financial Bank Of America De reported 268,596 shares or 0% of all its holdings. First Manhattan Comm has 9,434 shares. American Century Incorporated holds 0.16% or 2.14M shares in its portfolio. Livforsakringsbolaget Skandia Omsesidigt accumulated 2,100 shares or 0.01% of the stock. Moreover, Hermes Mngmt Ltd has 0.44% invested in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Fmr Ltd Company has invested 0.02% of its portfolio in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Farallon Mgmt Ltd Liability Com has 4.44 million shares for 2.99% of their portfolio. Comerica State Bank holds 100,251 shares. Segall Bryant & Hamill Llc has invested 0.03% of its portfolio in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Invesco Limited invested in 0.02% or 721,053 shares. 12,462 are owned by Commonwealth Of Pennsylvania Public School Empls Retrmt Sys. Wedgewood Pa reported 18,165 shares or 1.16% of all its holdings. Security Natl Bank Of So Dak invested in 11,882 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. The firm has “Hold” rating by Deutsche Bank given on Monday, August 14. The rating was downgraded by Longbow on Wednesday, October 26 to “Neutral”. On Wednesday, April 26 the stock rating was upgraded by KeyBanc Capital Markets to “Overweight”. Buckingham Research maintained it with “Buy” rating and $97 target in Wednesday, October 25 report. The firm earned “Buy” rating on Wednesday, February 22 by Stifel Nicolaus. Deutsche Bank downgraded the stock to “Hold” rating in Thursday, July 13 report. The stock of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) earned “Buy” rating by CLSA on Friday, September 30. The rating was maintained by Stifel Nicolaus on Wednesday, October 25 with “Hold”. The stock of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has “Hold” rating given on Wednesday, July 26 by Edward Jones. The stock of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) earned “Mkt Perform” rating by FBR Capital on Wednesday, July 26.

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

Analysts await Westinghouse Air Brake Technologies Corporation (NYSE:WAB) to report earnings on February, 20. They expect $0.95 EPS, up 17.28% or $0.14 from last year’s $0.81 per share. WAB’s profit will be $91.20 million for 21.77 P/E if the $0.95 EPS becomes a reality. After $0.88 actual EPS reported by Westinghouse Air Brake Technologies Corporation for the previous quarter, Wall Street now forecasts 7.95% EPS growth.

Agf Investments America Inc, which manages about $1.29 billion and $261.85M US Long portfolio, upped its stake in Ishares Msci Japan Etf by 14,493 shares to 48,499 shares, valued at $2.70 million in 2017Q3, according to the filing.

Investors sentiment increased to 1.05 in Q3 2017. Its up 0.10, from 0.95 in 2017Q2. It is positive, as 63 investors sold UTX shares while 503 reduced holdings. 111 funds opened positions while 484 raised stakes. 621.08 million shares or 1.52% more from 611.76 million shares in 2017Q2 were reported. Exchange Capital Mngmt holds 1.48% of its portfolio in United Technologies Corporation (NYSE:UTX) for 38,515 shares. Moreover, Martin Mgmt Ltd Liability Co has 2.73% invested in United Technologies Corporation (NYSE:UTX). Parametric Associates Limited Liability Co has 2.22M shares for 0.29% of their portfolio. Papp L Roy accumulated 0.92% or 36,480 shares. Dupont Management Corporation invested 0.52% of its portfolio in United Technologies Corporation (NYSE:UTX). Cumberland Prtnrs holds 159,192 shares. Headinvest Ltd Liability Corp holds 0.5% of its portfolio in United Technologies Corporation (NYSE:UTX) for 13,409 shares. Signalpoint Asset Mngmt Ltd Limited Liability Company invested in 0.15% or 2,497 shares. Massachusetts-based Fayerweather Charles has invested 2.65% in United Technologies Corporation (NYSE:UTX). Oxbow Advsrs Ltd reported 0.28% of its portfolio in United Technologies Corporation (NYSE:UTX). Moreover, Citigroup has 0.08% invested in United Technologies Corporation (NYSE:UTX). Amica Pension Fund Board Of Trustees accumulated 27,881 shares or 0.39% of the stock. 7,419 are held by Rothschild Inv Il. Vaughan David Invests Il holds 0% of its portfolio in United Technologies Corporation (NYSE:UTX) for 11,421 shares. South Dakota Invest Council stated it has 0.14% in United Technologies Corporation (NYSE:UTX).

Diamond Hill Capital Management Inc, which manages about $12.19 billion and $18.99 billion US Long portfolio, decreased its stake in Cincinnati Bell Inc. by 377,919 shares to 627,894 shares, valued at $12.46 million in 2017Q3, according to the filing. It also reduced its holding in State Bank Financial Corp. (NASDAQ:STBZ) by 15,424 shares in the quarter, leaving it with 385,057 shares, and cut its stake in Abbott Laboratories (NYSE:ABT).

Since December 13, 2017, it had 0 insider purchases, and 3 insider sales for $734,561 activity. Amato Elizabeth B sold $546,600 worth of stock or 4,341 shares.

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